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Contact Iain

Iain

Posting for 5+ years

Lease option in County Durham - option to buy within 10 years

Manchester City Centre, Manchester

£60,000

Iain

Posting for 5+ years

See all ads

Contact Iain


www.propertyhotspots.com/4-bedroom-house-in-durham
Posted
4 days ago
Seller Type
Agency
Property Type
House
Number Of Bedrooms
3

Description

Option to buy within 10 years
3/4 bedroom 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.

Ad ID: 1490952223


Disclaimer

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