Summary - 35 SHARP CRESCENT DURHAM DH1 1PE
4 bed 1 bath Semi-Detached
Four-bedroom semi with strong student income history and conversion potential.
11% rental yield in 2024/25 (approx. £29,000)
A long-established student let with a strong income history, this semi-detached house on Sharp Crescent presents a clear investment opportunity in Durham. Over the last three years the property generated rental income of approximately £25k, £27k and £29k, giving an indicative 11% yield for 2024/25. The layout of four good-sized bedrooms, a generous lounge and a former garage now used as dining space supports HMO/student use immediately.
Internally the home is well-presented with double glazing, gas central heating and practical finishes such as laminate and vinyl floors that suit tenanted occupation. The garage conversion offers flexibility: it functions as a dining room now but could be reconfigured back to garage use or into a fifth bedroom to increase rental capacity. Off-street parking for three to four cars and a rear lawned garden are useful extras for tenants.
Buyers should note material negatives: the property sits in a very high crime area and the overall plot is small. There is only one bathroom (plus a separate WC), which may limit appeal or require management changes for larger HMO layouts. The build dates (late 1970s/early 1980s) mean buyers should assess services and any maintenance needs before purchase.
This freehold house is offered with vacant possession and suits investors seeking an income-producing student buy-to-let with near-term upside via reconfiguration. First-time buyers requiring quieter neighbourhoods or larger gardens should weigh the crime statistic and single bathroom against the attractive rental figures.
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