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

This fantastic investment property is a well-presented and upgraded studio-style apartment located in the heart of Durham City. The apartment features electric heating and is furnished, making it an ideal choice for tenants. With a rental income of £758 per calendar month, this property offers a strong investment opportunity. The city of Durham is a vibrant and historic destination, known for its iconic cathedral, medieval architecture, and picturesque River Wear setting. The property is leasehold, with a 999-year lease from 2015, and is subject to ground rent and service charges. The initial ground rent is £100 per year, which will increase by £100 every 25 years. The service charge is approximately £340 per year, payable on January 1st each year. The property has a basic 17 Mbps broadband connection and good mobile signal coverage. With a council tax band of A and an energy rating of F, this property is a must-see for investors and tenants alike.