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DURHAM FIXER UPPER

Option to buy within 5 to 10 years

House in Durham.

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Figures:

  • Option to buy for £62,000 within 5 to 10 years

  • Last 3 bed house in the street sold for £82,000 this year.

  • Similar sized houses in the area on the market for £85,000.

  • Monthly payment to the seller of £375

  • Could rent out for £658 per month based on LHA rates.

  • Could rent out for more on a room by room basis.

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About the property:

  • Freehold

  • Needs refurb.

  • Could be used as a 3 bedroom house with reception and living room OR 4 bedroom house with living room.

  • Double glazing and gas central heating.

  • Enclosed yard to the back of the house.

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Ground Floor:

  • Entrance hallway

  • Bedroom / reception room

  • Living room

  • Kitchen

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First Floor:

  • 3 bedrooms

  • Bathroom​​​

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Location:​

Located in the village of Bowburn, close to local shops and amenities, only 3 miles to Durham city centre and close to A(M1) Motorway.

  • 7 minutes to Durham city centre.

  • 9 minutes to Durham University.

  • 10 minutes to Durham Castle.

  • 20 minutes to Newcastle city centre.

  • 25 minutes to Middlesbrough.

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