Currently let to four students, we are pleased to offer to the market this excellent investment opportunity, situated within a sought-after location.

The property is currently achieving a rental income of £2,860 per month, with each student paying £715 per month. Retaining many of its period features, the property offers a spacious and versatile layout, with the unusual benefit of one bedroom positioned on each floor.
The accommodation comprises an entrance hallway, an open-plan living kitchen fitted with appliances, a rear lobby with access to the rear garden, and a bedroom on the ground floor. To the basement level, there is a further bedroom with window and additional ventilation.
To the first floor, there is an impressive L-shaped bedroom with bay window, together with a large bathroom. The second floor provides an additional bedroom and cloakroom.
Externally, the property benefits from a garden to the rear. All in all, this is an ideal investment opportunity and must be viewed to fully appreciate the accommodation, rental potential, and everything it has to offer.

Hallgarth Street is situated within walking distance of the City Centre with its comprehensive range of shopping and recreational facilities and amenities and also lies within walking distance of many of the University and College buildings. Durham City is also well placed for commuting purposes as it lies a short drive from the A1(M) Motorway which provides excellent road links to other regional centres.

MATERIAL INFORMATION:

In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and National Trading Standards Estate and Letting Agency Team’s Material information in property listings Guidance

PART A
Local Authority – Durham County Council
Council Tax Band – E
Tenure – Freehold

PART B
Property Type – Terraced
Property Construction – Standard
Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls
Gas Supply- Mains
Electricity supply – Mains
Water Supply – Mains (not metered)
Sewerage – Mains
Heating – Gas fired central heating via radiators
Estimated Mobile phone coverage – Please refer to the Ofcom Website - https://checker.ofcom.org.uk/en-gb/mobile-coverage
Estimated Broadband Download speeds – please refer to the Ofcom Website – https://checker.ofcom.org.uk/en-gb/broadband-coverage
Parking- on street via permits

PART C
Building Safety – (The Vendor is not aware of any Building Safety issues. However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm)
Restrictions – Covenants which affect the property are contained within the Land Registry Title Register which is available for inspection.
Selective licencing area – no
Article 4 Planning Restricted area – the property is subject to Article 4 Direction
Conservation Area – The property is in Durham City Conservation Area
Rights & Easements- None
Flood risk – Rivers and seas: very low Surface water: very low
Coastal Erosion – N/A
Protected Trees - NA
Planning Permission – There are no current planning applications in the locality that we are aware of. Or planning details that are known
Accessibility/Adaptations – The property has not been altered for accessibility
Mining Area – Coal Mining Reporting Area, further searches may be required.
The property will be sold furnished as it is an ongoing rental property
No other Material Information disclosures have been made by the vendor. This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to marketing. However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.

Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgement on our part about which parts are “Material Information” to be disclosed. If any information provided, or other matter relating to the property, is of particular importance to you, please do seek verification from a legal advisor before committing to expenditure.

HMRC supervises the legal obligation for all estate agents to conduct identity checks on their customers, this includes buyers when their offer is accepted. This must be completed, per purchaser, who in the transaction will result in being the legal owner(s) of the property. There is a £35 (inc VAT) administration fee per individual purchaser, for these checks.