Option to buy within 10 years
House in Durham.
Figures:
- Option to buy for £60,000 within 10 years
- Grace period of one month.
- 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.
- 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.



