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Mundella Terrace, Heaton, Newcastle upon Tyne, Tyne and Wear, NE6 5HX

PROPERTY TYPE

House of Multiple Occupation

SIZE

1,733 sq ft

161 sq m

TENURE
Describes 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

  • Double Glazing Throughout
  • Has HMO License -Let til Sept 2027
  • Substantial Victorian Property
  • Close to Chillingham Rd

Description

Substantial Five Bedroom Licensed HMO Investment | £1,842 PCM (£22,100 PA) | Let for 2026/2027 Academic Year.

Rarely available in this highly sought-after part of Heaton, this substantial Victorian terraced property presents an outstanding opportunity to acquire a fully licensed five-bedroom HMO in one of Newcastle’s most popular rental locations for students and young professionals alike. The property is currently generating £1,842 per calendar month (£22,100 per annum) and is already let for the 2026/2027 academic year on a 12-month tenancy, providing an immediate and secure income stream for the incoming purchaser with a gross yield of 8.8%. Properties of this scale with HMO licensing in central Heaton rarely come to market, particularly in such a prime position just off Heaton Road, making this an exceptional opportunity for investors seeking a strong performing asset in a proven rental hotspot.

Location- Mundella Terrace is ideally situated just moments from Heaton Road, one of Newcastle’s most vibrant neighbourhood high streets and a short walk to Chillingham Road Metro Station. Newcastle is home to over 50,000 university students attending the prestigious University of Newcastle (a Russell Group university) and Northumbria University, within a city population of roughly 300,000. This creates a thriving, energetic atmosphere where life for students is never dull and demand for high-quality shared accommodation remains consistently strong.

Accommodation: This impressive Victorian property offers spacious accommodation across three floors, with five well-proportioned bedrooms suitable for double occupancy. All bedrooms comfortably accommodate double beds, wardrobes and additional furniture, ensuring strong tenant appeal.

Location

Location- Mundella Terrace is ideally situated just moments from Heaton Road, one of Newcastle’s most vibrant neighbourhood high streets and a short walk to Chillingham Road Metro Station. The area is renowned for its wide selection of independent cafés, bars, restaurants, coffee shops, supermarkets, bakeries and convenience stores, creating a lively and highly desirable environment for tenants. This part of Heaton has long been one of the most popular residential areas for both students and young professionals, offering a balance of characterful Victorian housing, strong transport connections and an excellent social scene.

transport

Transport- There are regular bus routes into the city centre and Chillingham Road also benefits from its own Tyne & Wear Metro station, located at the bottom of the road, providing excellent connectivity across the city. From here: St James’ Park (Newcastle University area) is only 4 stops away; Monument / Newcastle City Centre / Central Station is just 3 stops, reachable in around 6 minutes.
Newcastle Central Station also offers excellent direct rail links, including services to: London King’s Cross; Edinburgh Waverley; Other major UK cities

TENURE & TITLE PLAN

Title Plan number TY459714.
Property is Freehold

LOCAL AMENITIES

Newcastle is home to over 50,000 university students attending the prestigious University of Newcastle (a Russell Group university) and Northumbria University, within a city population of roughly 300,000. This creates a thriving, energetic atmosphere where life for students is never dull and demand for high-quality shared accommodation remains consistently strong.

Residents are also within easy reach of many of Newcastle’s most famous attractions including: St James’ Park – home of Newcastle United; The Quayside and Millennium Bridge; Baltic Centre for Contemporary Art; Extensive city centre shopping, restaurants, bars and nightlife. Additional local amenities nearby include: Heaton Park and green spaces; Gyms and fitness studios; Medical centres and pharmacies; Supermarkets including Tesco, Sainsbury’s and independent grocers

COMMUNAL ACCOMODATION

Entrance Hallway – Ground floor entrance hall providing access to lounge, bedroom and staircase.

Lounge – 3.85m x 4.80m (12'8" x 15'9") – Front facing reception room with bay window, carpet flooring and neutral décor with space for three large sofas and communal seating for up to seven people.

Kitchen Diner – 2.86m x 2.75m (9'5" x 9'0") – Rear facing fitted kitchen with tiled splashbacks and vinyl flooring with space for breakfast table seating 4–6 people.

Utility Room – 2.51m x 2.03m (8'3" x 6'8") – Practical utility/laundry room housing appliances and providing additional storage with access to the rear yard.

Bathroom – 2.92m x 2.25m (9'7" x 7'5") – Bathroom with panelled bath and shower over, wash basin, tiled splashbacks and frosted window.

Separate WC – 0.97m x 1.72m (3'2" x 5'8") – Separate WC with wash basin and window.

BEDROOM INFORMATION

Master Bedroom (Bedroom 1) – 5.14m x 3.98m (16'10" x 13'1") – Large front facing double bedroom with carpet flooring and neutral décor offering space for double bed, wardrobes, bedside furniture and desk area.

Bedroom 2 – 5.17m x 2.79m (17'0" x 9'2") – Top floor attic bedroom with skylight window, carpet flooring and space for double bed, wardrobe and desk.
Bedroom 3 – 3.22m x 3.79m (10'7" x 12'5") – Rear facing double bedroom with carpet flooring and neutral décor with space for double bed, wardrobe and desk.

Bedroom 4 – 3.14m x 3.84m (10'4" x 12'7") – Rear facing double bedroom with carpet flooring and neutral walls with space for double bed, bedside tables, wardrobe and desk.

Bedroom 5 – 3.27m x 2.87m (10'9" x 9'5") – Second floor double bedroom with carpet flooring and neutral décor with space for double bed and wardrobe.

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.

Brochures

Brochure
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.
Ask agent
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Allocated
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
Ask agent

Mundella Terrace, Heaton, Newcastle upon Tyne, Tyne and Wear, NE6 5HX

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About Pattinsons, Pattinsons Commercial North East

Kingfisher Way Silverlink, Wallsend, NE28 9NY

Affordability

Monthly repayments£1,072
Property: £ 235,000
Deposit: £ 23,500
Interest rate: 4.5%
Term: 30 years
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Disclaimer - Property reference 504163. 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 Pattinsons, Pattinsons Commercial North East. 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.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinsons, Pattinsons Commercial North East on 0191 743 9260.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

*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.
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