Telford Street, Gateshead, NE8
- PROPERTY TYPE
Terraced
- BEDROOMS
5
- BATHROOMS
5
- SIZE
1,302 sq ft
121 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Licenced HMO
- Five Bedrooms
- Five Ensuites
- Refurbished In 2021
- Modern Kitchen & Bathrooms
- Long Sitting Tenants
- Great Investment Opportunity
Description
This impressive five-bedroom HMO presents a superb investment opportunity in a sought-after location, offering spacious and modern accommodation ideally suited for both investors and tenants. Refurbished to a high standard in 2021, the property is arranged over multiple floors and benefits from a full HMO licence, ensuring compliance and peace of mind for landlords. Each of the five generously sized bedrooms features its own private ensuite bathroom, providing maximum comfort and convenience for residents and making the property particularly attractive to professionals or students seeking quality shared accommodation. The interiors have been finished to a contemporary standard, with a stylish modern kitchen equipped with integrated appliances, ample storage, and sleek work surfaces, making it a practical and inviting space for meal preparation and dining. The bathrooms are equally well appointed, boasting modern fixtures, elegant tiling, and efficient layouts designed for ease of use and low maintenance. The property’s thoughtful refurbishment includes sound proofing, damp proofing, full rewire, full new heating system, updated flooring, neutral décor, and quality fittings throughout. Currently, the house benefits from long-sitting tenants, offering immediate rental income and stability for prospective buyers. Its configuration and licencing make it a standout choice for anyone looking to expand their portfolio with a high-yield asset in a popular rental area. Fully let to 5 individual young professionals on 5 individual tenancies. Current rental income in the region of £33,000 per annum. Being sold with tenants in situ. Scope to alter the top floor into two bedrooms instead of one how it is currently configured.
The location is well connected to local amenities, transport links, enhancing its appeal to a wide tenant base. This is a rare opportunity to acquire a fully refurbished, well-maintained HMO with an established rental history and modern features throughout. Early viewing is highly recommended to appreciate the quality of accommodation and investment potential on offer.
EPC Rating: E
Kitchen/Lounge
Open plan kitchen living space provides tenants a modern space to cook and unwind.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: D
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Telford Street, Gateshead, NE8
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About Conway Christie, South Tyneside
297 Sunderland Road South Shields NE34 6RB
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Visit our security centre to find out moreDisclaimer - Property reference 81880ead-01e5-4973-8fef-ebc140bacd0b. 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 Conway Christie, South Tyneside. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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