Option to buy within 10 years
House in Durham.
Figures:
-
Option to buy for £65,000 within 10 years
-
Last 3 bed house on the street sold for £92,500.
-
Comparisons - there is a 3 bed for sale for £75,000 and a 4 bed for sale for £117,995 (both on the same street).
-
Monthly payment to the seller of only £250
-
Could rent out for £658 per month based on LHA rates.
-
Could rent out for more on a room by room basis.
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.
Ground Floor:
-
Entrance hallway
-
Bedroom / reception room
-
Living room
-
Kitchen
First Floor:
-
3 bedrooms
-
Bathroom
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.
