An excellent opportunity to acquire a four-bedroom House in Multiple Occupation (HMO), ideally situated on Prospect Terrace in Durham. Generating an annual rental income of £28,000 inclusive of bills, this property presents an attractive investment opportunity for landlords seeking an income-producing asset in a popular Durham residential location.
The property is arranged over two floors and offers approximately 75.5 sq. metres (813 sq. ft.) of accommodation, comprising four bedrooms, a communal sitting/dining room, a fitted kitchen and two shower rooms.
The ground floor features a spacious communal sitting room, providing a comfortable area for tenants to relax and socialise, alongside a fitted galley-style kitchen with a range of wall and base units, worktop space and integrated cooking facilities. There is also a ground-floor bedroom and a shower room.
To the first floor are three further bedrooms, together with an additional shower room, providing practical accommodation for multiple occupants.
Externally, the property benefits from a front garden with a pathway leading to the entrance, together with an enclosed rear outdoor area.
The property offers an established HMO-style layout, with well-proportioned bedrooms and shared facilities, making it suitable for continued use as a rental investment, subject to the relevant licensing and regulatory requirements.
With a gross annual rental income of £28,000 including bills, the property represents an appealing opportunity for investors looking to expand their portfolio within the Durham rental market.
Location Description
Prospect Terrace is situated within an established residential area of Durham, offering convenient access to the historic city centre, Durham University and a wide range of local amenities.
Durham is a highly regarded university city, renowned for its historic cathedral, castle and vibrant student community. The presence of Durham University, alongside the city's wider employment and professional sectors, supports demand for rental accommodation from students, graduates and working professionals.
The property is conveniently positioned for access to everyday amenities, including local shops, supermarkets, cafés, restaurants and leisure facilities. Durham city centre offers an extensive selection of retail outlets, entertainment venues and transport connections.
Durham Railway Station provides mainline rail services, including connections to Newcastle, York and London, while the nearby A690 and A1(M) offer convenient road links throughout the North East and beyond.
The combination of its established residential setting, accessibility to Durham's key amenities and proximity to the university makes Prospect Terrace an appealing location for tenants and property investors alike.
