Summary - 24 NEVILLE STREET DURHAM DH1 4EY
5 bed 2 bath Terraced
Licensed five-bedroom HMO returning approx. £42,500 pa
A licensed five-bedroom HMO in the heart of Durham City, currently let to students and returning approximately £42,500 per annum—an established rental income stream for investors. The stone-built Victorian terrace retains period character, has gas central heating and double glazing (install date unknown), plus a low-maintenance private garden accessed via new French doors from the open-plan living/dining space.
The house is compact (about 851 sq ft) and arranged over multiple floors with two shower/bathrooms, a fitted kitchen and modern open-plan dining/living extension with good natural light. Central location gives excellent access to university buildings, bus and rail stations and a wide range of city-centre amenities that support high student demand.
Buyers should note material drawbacks: the property sits in a very high crime area and on a very small plot; parking is on-street by permit only. The building is pre-1900 sandstone/limestone construction with assumed lack of wall insulation and is in a Coal Mining Reporting Area — further specialist searches and a chartered survey are recommended. Council Tax Band C (exempt due to student occupation) applies.
This is a straightforward, income-focused opportunity for an investor seeking central student lets with immediate cashflow. For owner-occupiers or those seeking larger living spaces, the compact size, conservation-area restrictions and potential maintenance/insulation work should be weighed carefully.
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