Laburnum Avenue, Durham City, DH1

Discover an exceptional opportunity in the heart of Durham City centre, introducing a remarkable student residence situated in the coveted Viaduct area. This property stands out not only for its prime location but also for its HMO license for 6 occupants, with a promising potential for expansion. Boasting the sought-after HMO license, the property offers a unique proposition for investors seeking substantial returns. Currently, this outstanding student home is tenanted for the upcoming academic year, generating an annual income of approximately £43,000. This is further complemented by a rental agreement for the ongoing academic year. The property's impressive earning potential is indicative of its consistently strong yield, attributed to its prime city centre location and the expansive living spaces that it provides, including separate living and dining rooms as well as an inviting garden. A rarity in the market, this substantial student dwelling is nestled within one of Durham City centre's most desirable student neighbourhoods. Its strategic location ensures accessibility to all that the city centre has to offer, enhancing its allure to both residents and investors. The house features an excellent floor plan designed to accommodate the needs of its occupants. Upon entering through the entrance vestibule, you're welcomed into a spacious reception hall. The kitchen, living room, and separate dining room provide versatile living spaces that cater to various aspects of student life. The property's charm extends outdoors to a garden, offering a serene backdrop for relaxation. The residence unfolds further with a well-conceived layout. The first floor encompasses three bedrooms, a shower room, and a bathroom/WC. Continuing to the top floor, three more rooms offer ample space for comfortable living. Don't miss out on this rare opportunity to own a student property that not only holds a sought-after HMO license but also promises substantial returns. To delve deeper into the details of this exceptional property on Laburnum Avenue, we invite you to contact Dowen Estate Agents' Durham office at 0191 3757599. Seize the chance to invest in a residence that embodies both prime location and promising income potential. Currently let at £185.00 per week per student excluding bills.