1 /16
£200,000
Hilda Close, Durham, County Durham, DH1
- 4 beds
£200,000
- 4 beds
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Estimate monthly mortgage payment:
£913 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£10,000
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Investment Opportunity: Stunning 4-Bedroom Student House in Gilesgate, Durham
Price: Offers above �200,000
Presenting a prime investment opportunity in the sought-after student area of Gilesgate, Durham. This 4-bedroom house is currently under refurbishment, with completion expected by September/October.
Investment Highlights:
� 4 Spacious Bedrooms: Designed to provide comfortable study and relaxation spaces, ensuring high occupancy rates.
� 2 Modern Bathrooms: Each equipped with freestanding showers, offering a luxurious experience.
� Contemporary Kitchen: Outfitted with modern appliances, including a dishwasher and washer dryer, catering to the student market's needs.
� Prime Location: Located in a highly popular student area of Durham, with a bus route providing direct access to the city centre and Durham University, making it highly attractive to students.
� Convenient Amenities: Close to a large supermarket, retail shops, and popular takeaways, enhancing tenant satisfaction and retention.
� Parking Available: Ample parking space, a valuable feature for students with cars.
� Approved HMO Planning Permission: Situated in an Article 4 area, ensuring a compliant and profitable investment.
� Fully Furnished: The property is sold fully furnished, including fixtures and fittings, white goods, TV, mattresses, lamps, and kitchen goods. Contact us for a full list.
� Pre-Let for 12 Months: The property has students signed up for 12 months from July 2025 to July 2026, generating an income of �23,920 per annum.
With a strong demand for student housing in Durham, this property promises excellent rental returns and minimal vacancy. The ongoing refurbishment and modern amenities position it as a top choice for students, ensuring steady and attractive rental income. Don't miss out on this lucrative investment opportunity in Durham's thriving student market.
With its strategic location, upcoming refurbishment, and student-friendly design, it's the perfect addition to any investor's portfolio.
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£913 per month
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Stamp Duty tax
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
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Mortgage and legal costs:
£999
HomeBuyer Service - Everything you need to purchase this property all in one place
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- Conveyancing fee
- Homebuyer protection insurance
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