1 Old Elevet
Durham City
Durham
DH1 3HL
Richmond Court, Newton Hall, Durham
O.I.R.O £75,000
1 Bedroom Apartment
- First Floor One Bedroom Apartment
- Extended Lease – 103 Years Remaining
- Ideal Investment
- Currently Let at £495pcm
- Driveway and Detached Garage
- Popular Newton Hall Location
Extended Lease – 103 Years Remaining | First Floor | Private Entrance | Garage | Popular Newton Hall Location | Ideal Investment – Currently Let at £495pcm
Occupying a pleasant position within the popular Newton Hall area of Durham, this well-presented one-bedroom self-contained first-floor flat offers comfortable accommodation in a convenient location. The property benefits from an extended lease with approximately 103 years remaining and is currently let at £495pcm, making it an ideal investment opportunity.
Newton Hall offers a good range of local shops and everyday amenities, with the nearby Arnison Centre providing further retail and leisure facilities. Regular bus services provide easy access into Durham City Centre and Durham Railway Station.
Situated within a well-maintained two-storey building, the property has its own private entrance and briefly comprises an entrance hall, spacious lounge with a large window providing plenty of natural light, fitted kitchen with modern units and space for a range of appliances, comfortable double bedroom, and a white fitted bathroom/WC with shower over the bath.
Externally, the property enjoys pleasant communal lawned grounds, while a driveway provides access to a detached garage offering useful parking and additional storage.
With its popular location, private entrance, extended lease, garage and existing rental income, the property represents an attractive opportunity for investors looking to add to or begin a rental portfolio.
Agents Notes
Council Tax: Durham County Council, Band A - Approx. £1748 p.a
Tenure: Leasehold - approx. 103 years remain of a 125 year lease. Ground rent and service charges TBC
Estate Management Charge – NA
Property Construction – Standard
Gas Supply - Mains
Electricity supply – Mains
Water Supply – Mains
Sewerage – Mains
Heating – Gas Central Heating
Estimated Mobile phone coverage – Please refer to the Ofcom Website - https://www.ofcom.org.uk
Estimated Broadband Download speeds – please refer to the Ofcom Website – https://www.ofcom.org.uk
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 – If there are any covenants which may affect the property, they would be within the Land Registry Title Register which is available for inspection via the Land Registry or your legal representative.
Selective licencing area – No
Rights & Easements – None known
Flood risk – Refer to the Gov website - https://www.gov.uk/check-long-term-flood-risk
Coastal Erosion – Refer to the Gov website - https://www.gov.uk/check-coastal-erosion-management-in-your-area
Protected Trees – None known
Planning Permission – Nothing in the local area to affect this property that we are aware of. Check with seller.
Accessibility/Adaptations – No
Mining Area – Coal Mining Reporting Area, further searches may be required by your legal representative.
Disclaimer: Our details have been compiled in good faith using publicly available sources and information obtained from the vendor prior to marketing. Verification and clarification of this information, along with any further details concerning Material Information parts A, B & C, should be sought from a legal representative or appropriate authorities before making any financial commitments. Robinsons cannot accept liability for any information provided subsequent amendments or unintentional errors or omissions.
HMRC Compliance requires all estate agents to carry out identity checks on their customers, including buyers once their offer has been accepted. These checks must be completed for each purchaser who will become a legal owner of the property. An administration fee of £60 (inc. VAT) per individual purchaser applies for carrying out these checks.
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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