Central, lettable HMO with long lease and immediate income potential.
8 bedrooms, 4 bathrooms across three floors
A substantial eight-bedroom, four-bathroom end-of-terrace arranged over three floors, this property offers clear rental appeal in central Durham. Located in the gated Highgate development, it sits within easy walking distance of Durham Train Station, the university, and city-centre amenities — ideal for letting to students and professionals. The long lease (975 years remaining) and ready-made layout suit buy-to-let portfolios seeking immediate income.
Internally the accommodation totals c.1,904 sq ft with spacious rooms, ample storage and a private garden. The home benefits from mains gas central heating, double glazing and fast broadband and mobile signal, which support modern tenant expectations. The current arrangement provides a mix of private and communal spaces across ground, first and second floors that work well for multiple-occupancy tenancies.
Buyers should note material factors plainly: the property is leasehold (long lease), described overall size as small for its room count, and council tax is stated as quite expensive. The local crime level is high, which may affect tenant screening and insurance costs. The house is presented as well maintained and offers strong projected rental income, but purchasers should allow for ongoing management and letting overheads.
For investors seeking a central Durham HMO with immediate letting potential, excellent transport links and long lease security, this property represents a straightforward acquisition. Verify income assumptions, factor in management and insurance due to local crime levels, and confirm council tax liabilities before purchase.
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