Summary - 34 HABGOOD DRIVE DURHAM DH1 2TW
4 bed 1 bath Semi-Detached
Four-bed HMO near Durham city and university, high-yield ready asset.
Gross annual income over £26,800 (HMO rents approx £130 per week per room)
This extended semi-detached house on Habgood Drive is presented as a ready-made HMO investment close to Durham city centre. With C4 planning consent and a current gross annual income exceeding £26,800, the property is configured as four bedrooms and two reception rooms, each bedroom typically achieving around £130 per week. Its proximity — roughly 1.5 miles from the city and university — supports consistent tenant demand.
Internally the layout is practical for shared living: an entrance hallway, dining room, extended open-plan kitchen/reception, a ground-floor double bedroom and three upstairs bedrooms with a modern shower room. The home benefits from gas central heating, double glazing and recent internal finishes that reduce immediate capital expenditure.
Outside there is a double driveway, single garage and a small private lawned rear garden. The freehold tenure and C4 consent add investment flexibility. However, the property sits in a very deprived neighbourhood with above-average crime rates; these local factors affect rental risk, insurance and long-term capital growth potential. The plot and overall internal size are modest, and accommodation includes only one bathroom serving four bedrooms, which may impact tenant turnover or require management attention.
This is a high-yield, hands-on investment: attractive for investors seeking near-term income and HMO-ready accommodation close to the university, but it requires active letting management and risk-aware underwriting because of local deprivation indicators and limited external space.
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