Summary - 55, Musgrave Gardens DH1 1PL
5 bed 2 bath Terraced
Student-ready terrace with gardens near Durham city and strong rental potential.
- Five bedrooms and two bathrooms, sized for multi-let or family use
- Popular student area; walking distance to Durham City centre
- Good front and rear gardens with potential for outdoor amenity
- Freehold tenured mid-terrace from 1930–1949, traditional layout
- Auction sale: reservation fee and buyer’s premium apply, strict timescale
- Located in an area with higher crime and relative deprivation
- Double glazing (pre-2002) and gas central heating; some updating likely
- Broadband and mobile signal levels are strong for tenants
A five-bedroom, two-bathroom mid-terrace in Gilesgate offering strong student-let potential and immediate rental income. The property is freehold, double-glazed and gas-central heated, with good-sized front and rear gardens and off-street drive access. Listed for auction with a suggested student rent scenario producing notable gross income, it suits an investor looking for a straightforward let in walking distance of Durham city.
The house occupies a popular commuter and student pocket close to local shops, schools, the train station and the riverside. Internally the layout is traditional with a sitting room, kitchen/diner and six principal rooms overall, allowing flexible room-by-room tenancies. Broadband and mobile coverage are good and council tax sits at Band B, which supports affordability for tenants.
Important sale details: this is an auction sale under the Modern Method of Auction. A non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) and buyer’s pack fee apply; completion must occur within the Reservation Period (56 days). Buyers should factor the buyers’ premium, reservation fee and any added optional service costs into affordability calculations and confirm mortgage suitability before bidding.
Material negatives to note: the property sits in an area with higher recorded crime and relative deprivation, which can affect tenant mix and management. Some internal finishes and the older pre-2002 double glazing indicate likely medium-term maintenance and refurbishment costs. Prospective purchasers should review the buyer information pack and arrange their own surveys and legal checks prior to bidding.
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