This substantial four-bedroom terraced home, spread across three floors, presents a notable opportunity for renovation and investment. Located in a sought-after residential area close to Durham City Centre, this property is ideal for those looking to enhance its value through refurbishment or reconfiguration. The layout comprises an entrance hallway, a lounge, a living room, a kitchen, and a bathroom on the ground floor. The first floor includes three bedrooms and another bathroom, while the second floor houses the main bedroom along with an additional bathroom and storage spaces. Outdoors, there is a rear yard accessible from the main living areas.
As this property requires significant refurbishment, it provides an excellent canvas for investors or developers to modernise and tailor the space to contemporary living requirements or to create multiple rental units (HMO) subject to necessary consents. With strategic improvements, the anticipated rental value post-refurbishment could reach between £1,200 and £1,500 per calendar month. Given its proximity to local amenities, transport links, and university campuses, this property stands out as a promising venture for both buy-to-let investors and those seeking to renovate for resale.
