Church Street, Durham City, Durham

£130,000

This property is not currently available. It may be sold or temporarily removed from the market.

Property Features

Investment Property
Currently Let £758pcm

Also Let for 2025/26
Electric Heating

City Centre Location
Upgraded

Property Summary

Fantastic Investment Property ** Rented £758pcm for the Current Academic Year and 2025/26 ** City Centre Location ** Well Presented & Upgraded Studio Style Apartment ** Electric Heating ** Grade II Listed ** Must Be Viewed **

The living space has been ideally planned to make this studio apartment as comfortable as possible. The apartment is furnished and benefits from electric heating.

Durham City is a vibrant and historic destination in North East England, known for its iconic cathedral, medieval architecture, and picturesque River Wear setting. The city offers a blend of heritage charm and modern amenities, with excellent schools, shopping, dining, and cultural attractions. It boasts convenient transport links, including direct trains to London and major road networks, making it an ideal location for families, professionals, and retirees. Property options range from charming period homes to contemporary developments, appealing to buyers looking for both investment potential and quality living in a scenic, well-connected area.

Full Details

Ground rent and service charges
The initial yearly ground rent is £100 payable on 1 January each year, which will increase by a further £100 every 25 years, the first increase to take place in 2040.

Under the lease Flat 1 is liable for a fifth of the service charge expenditure, including the cost of insuring the building and lighting the common parts and the electricity for the washing machine/tumble dryer within the cupboard in the ground floor entrance hall, which is shared between the tenants of Flats 1 and 3.

An interim service charge, calculated on the above basis, is likewise payable on 1 January each year and has been approximately £340.

Agent Notes
Electricity Supply: Mains
Water Supply: Mains
Sewerage: Mains
Heating: Electric
Broadband: Basic 17 Mbps, Superfast 80 Mbps
Mobile Signal/Coverage: Good/Average
Tenure: Leasehold - 999 year lease from 28/08/2015 - 990 years remaining
Council Tax: Durham County Council, Band A - Approx. £1589 p.a
Energy Rating: F
The property is Grade II listed

Disclaimer: The preceding details have been sourced from the seller and OnTheMarket.com. Verification and clarification of this information, along with any further details concerning Material Information parts A, B & C, should be sought from a legal representative or appropriate authorities. Robinsons cannot accept liability for any information provided.