1 bedroom apartment for sale

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1 bedroom apartment for sale

Church Street, Durham City, Durham
£134,995

Price History

Initial price £140,000
14/11/24 £134,995
Price Change -3.58%

Description

This fantastic investment property is a well-presented and upgraded studio-style apartment located in the heart of Durham City. The property benefits from electric heating and is furnished, making it an ideal rental opportunity. With a rental income of £758 per calendar month, this property offers a strong return on investment. The apartment is situated in a Grade II listed building and is close to all the city's amenities, including shops, restaurants, and cultural attractions. The property is also well-connected, with convenient transport links to London and major road networks. The leasehold property has a 999-year lease from 2015, with a ground rent of £100 per year and a service charge of approximately £340 per year. With a Council Tax band of A and an Energy Rating of F, this property is a great opportunity for investors looking for a stable and profitable rental income.