4 bedroom house

durham

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.

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