Summary - 2e, Old Dryburn Way DH1 5SE
2 bed 1 bath Apartment
City-view residence with steady rental income and allocated parking.
- Top-floor two-bedroom apartment with city views
- Currently let at £900 PCM — immediate rental income
- Long lease (155 years) with modest ground rent (£250 pa)
- Service charge ~£1,092 per year (approx £91/month)
- Allocated off-street parking bay included
- No lift; communal stairs only — limited accessibility
- Double glazing, gas central heating, modern fittings throughout
- Local recorded crime levels are higher than average
Situated on the top floor of a modern development in North End, this two-bedroom apartment offers clear views towards Durham and an allocated off-street parking bay. The flat is well presented with contemporary fittings, double glazing and gas central heating. At about 618 sq ft the layout feels spacious for its size, with a living/dining room that opens onto a balcony.
This property is offered with a sitting tenant paying £900 PCM, making it immediately income-producing for investors. The long lease (155 years from 2005), modest ground rent (£250 pa) and a service charge of approximately £1,092 pa support straightforward ownership costs, though purchasers should budget for the ongoing monthly service charge.
Practical considerations are clear: the block has communal stairs to all floors (no lift), so top-floor access may be unsuitable for limited mobility. The local area shows higher recorded crime levels, which may affect some buyers’ preferences. Broadband is average and council tax sits in Band D.
Overall this is a low-management, modern investment with solid rental yield potential and easy access to Durham city centre and transport links. Owner-occupiers seeking a move-in-ready two-bedroom with good views should note the stairs and communal living arrangements before viewing.
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