|Address||13 Stewarts Terrace, Student Property, Derry|
|Price||Offers over £119,950|
|EPC Rating||F38/E48 (co2: F28/F35)|
STUDENT INVESTMENT PROPERTY
4 Bedroom student property, registered House of Multiple Occupation (HMO).
Fantastic opportunity to purchase a modern student property. Each bedroom is currently rented at £350 per month generating a total income £1400 per month on a 10 month contract.
The current owner also runs a successful, summer short term let business in this property, generating a substantial income in July and August.
This property underwent major refurbishment in summer of 2017. It was completely renovated to allow for full electrical rewire, fully replumbed including new heating system, damp proofed with guarantee, all walls replastered and new fitted kitchen. All Fire doors, skirting and architrave nave been replaced. All flooring replaced.
The materials used in the refurbishment can be seen to be of higher quality than standard.
All the requirements for fire safety and the HMO regulations have been met, approved and certified, including fire doors throughout, modern fire alarm system and certified electrical wiring. Double glazed throughout.
Stewarts Terrace has become a very popular area with students due to its convenient location, only a five minute walk from Magee University and NWRC. Students living here have always found the location very convenient to the University whilst also attractive to students looking for a quieter location. The rear of the property looks out onto Brooke Park with it sports facilities and amenities.
On the ground floor, from the hallway you can access a ground floor bedroom and the living room. A modern kitchen is accessed through the living room.
The first floor contains a two bedrooms, a bathroom and a toilet room
The second floor contains a very large bright and airy bedroom.