29, Clements Wharf, Back Silver Street, Durham City

Currently let to two students and generating a rental income of £1,655 per month, this well-presented two-bedroom top floor apartment offers an attractive investment opportunity in a sought-after Durham City location, complete with pleasant river views.

Accessed via a secure intercom entry system, the development benefits from both stairs and lift access to all floors. The apartment itself opens into a private entrance hallway with a useful storage cupboard.

The open-plan lounge/dining area is bright and well proportioned, featuring a square bay window to the side and a rear window enjoying views over the river. The high-quality kitchen is fitted with a modern range of floor and wall units, granite worktops, an electric hob with extractor over, separate electric oven, integrated fridge, freezer, washing machine and dishwasher, along with a breakfast bar positioned to take advantage of the river outlook.

There are two bedrooms, both benefitting from bay windows. The main bedroom includes an ensuite shower room fitted with a low-level WC, wash hand basin set on a wooden stand, walk-in shower cubicle with mains-fed wall-mounted shower, travertine tiled walls and flooring, heated towel rail and extractor fan. The family bathroom is finished to the same high standard and includes a bath with wall-mounted shower over.

A further significant benefit is the allocated undercover secure parking space, a highly valuable feature for Durham City living. Please note, the parking space is currently not included within the existing rental agreement.

Clements Wharf is situated at the rear of Silver Street overlooking the river Wear towards the Riverside Walk development. The apartment is a two-minute walk to Market Place, with many restaurants, pubs, the Gala theatre and historical sites, including Durham Cathedral and the medieval castle. Durham railway Station is within half a mile, and various Durham University buildings are within a mile.

MATERIAL INFORMATION:

The information below is provided in accordance with the consumer protection requirements of the Digital Markets, Competition and Consumers Act 2024 and is intended to highlight matters which may be material to a prospective purchaser when deciding whether to view, offer on or proceed with this property.

PART A

Local Authority – Durham County Council

Council Tax Band – D

Tenure – Leasehold

Lease Expiry Date: 01/01/2256

Service Charge: £1,822/16 paid quarterly Maintenance Charge: £350

PART B

Property Type – Top Floor Apartment

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- None

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- Allocated Parking Space

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 information has been obtained from the seller and, where appropriate, from publicly available or other relevant sources, and has been compiled in good faith. Information supplied by third parties or external sources may be subject to change.

J W Wood is not qualified to provide legal, surveying, structural or other specialist advice. Where any information requires legal or technical interpretation, or where any matter is of particular importance to your decision to purchase, you should seek appropriate verification from your conveyancer, surveyor or other suitably qualified professional before committing to significant expenditure.

Buyer Identity & AML Checks

Estate agents are subject to legal obligations under anti-money laundering legislation and, where applicable, are supervised by HM Revenue & Customs (HMRC) for compliance with those requirements. A £35 including VAT fee per purchaser applies for these checks.