With student property in high demand but short supply; this month we have another high yielding student property that will appeal to prospective investors. 6 Lyndhurst Drive, Durham represents exceptional asset management potential with excellent rental & value growth. What’s more, it already boasts 100% long-term occupancy rates and guarantors to tenancies.
Featuring seven bedrooms; two bathrooms; a separate WC, plus kitchen and communal living area, this sympathetically modernised property is in a prime student investment location being within the Nevilles Cross area of Durham, just a short distance from the city centre and the Business School. The property has been individually developed and decorated to a high standard throughout using contemporary design and bright colours. It also boasts modern furniture, the latest kitchen appliances, wide-screen TV and WiFi, plus a private rear garden and a garage, making it ideal for modern student life.
With a leading local management agent already on-board, you could immediately start to reap the benefits of investing in this property. A purchase price of £320,000 plus usual transaction fees and reduced Stamp Duty will secure it today and it should immediately return a gross annual rental income of £34,580. This represents a 10.81% gross rental yield on investment and should take around seven years to recoup your total initial investment *subject to mortgage, without taking capital appreciation into account.
So for further information on this and other available properties, call Urban Student now on +44 (0)207 290 7837.