5 bedroom maisonette for sale

Jesmond Road, Jesmond, Newcastle Upon Tyne

Sold STC £300,000

Property Description

Full description

INVESTMENT OPPORTUNITY - HMO LICENCE - LET FOR £22,100 PER ANNUM - GROSS YIELD OF 7.3%!

This ideal investment is positioned for excellent access to Jesmond, the Coast Road and Northumbria University. This five bedroom upper floor maisonette is purpose built over three floors. With five double bedrooms, the internal configuration could amended to convert the property to a six bedroom HMO. Currently let at £85 per person per week and with tenants secured for the 2016/17 academic year, the property is ideal to be let to students and professionals. The property is on the market to be re-let for the 2017/18 student academic year at £22,100 per annum. With the rooms configured to six bedrooms, the property has the potential to be let for £26,520 and a gross yield of 8.8% at the asking price!

Internally the property briefly comprises; five bedrooms, a large open plan lounge dining room, kitchen breakfast room, two bathrooms and w/c. With double glazing throughout and gas central heating, this property is a must see.

Upper Floor Maisonette | 1510 Sq. ft (140.3m2) | Five Bedrooms | HMO | Currently Let | Rear Yard | GCH & DG | Great Location | EPC Rating: E


More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
14 October 2016

Nearest stations

  • Jesmond (0.5 mi)
  • West Jesmond (0.9 mi)
  • Manors (1.0 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Bailey & Co., Jesmond

89 St. Georges Terrace, Jesmond, Newcastle Upon Tyne, NE2 2DN

0191 687 0676 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Bailey & Co., Jesmond

89 St. Georges Terrace, Jesmond, Newcastle Upon Tyne, NE2 2DN

0191 687 0676 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Jesmond (0.5 mi)
  • West Jesmond (0.9 mi)
  • Manors (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bailey & Co., Jesmond

89 St. Georges Terrace, Jesmond, Newcastle Upon Tyne, NE2 2DN

0191 687 0676 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 26567779. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bailey & Co., Jesmond. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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