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Myrtle Grove, Jesmond, Newcastle Upon Tyne

PROPERTY TYPE

Flat

BEDROOMS

3

BATHROOMS

2

SIZE

842 sq ft

78 sq m

Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • Prime location in the heart of Jesmond, close to shops, cafés, and nightlife
  • Strong investment with £1,885 PCM (£22,629 PA) income
  • Impressive 8.70% rental yield
  • Tenanted until August 2027 for secure, immediate returns
  • Three fully furnished double bedrooms with beds, storage, desks, and chairs
  • Principal bedroom with private en-suite
  • Modern main bathroom with shower over bath, basin, and WC
  • Bright open plan kitchen/lounge with patio doors to private rear yard
  • On street parking in a highly sought after area
  • Investors only

Description

Hive Estates presents this exceptional three bedroom flat in the heart of Jesmond, a superb investment opportunity. The property currently generates a strong rental income of £1,885 per month (£22,629 per annum), delivering an impressive yield of 8.70%. Tenanted until August 2027, it offers immediate, secure income with excellent long term growth potential, making it a high performing addition to any portfolio.

Located on Myrtle Grove, the property benefits from a prime position just moments from West Jesmond Metro, as well as Jesmond’s vibrant selection of cafés, restaurants, and nightlife.

The accommodation comprises three spacious double bedrooms, each fully furnished with a double bed, wardrobes, drawers, desk, and chair, and finished with comfortable carpeting, perfectly suited to professional or student tenants. The principal bedroom further benefits from a private en-suite, complete with a shower, wash basin, and WC. A separate main bathroom is fitted with a shower over bath, WC, and wash basin, finished in a modern style.

An open plan kitchen and lounge provides a bright, sociable living space, enhanced by patio door leading directly out to a private rear yard.

Additional benefits include on street parking, adding further convenience in this highly sought after location.

Lounge - 3.70 x 4.20 (12'1" x 13'9") -

Kitchen - 2.60 x 2.55 (8'6" x 8'4") -

Bedroom 1 - 2.40 x 4.50 (7'10" x 14'9" ) -

Ensuite - 1.50 x 2.50 (4'11" x 8'2") -

Bedroom 2 - 4.70 x 2.85 (15'5" x 9'4") -

Bedroom 3 - 3.45 x 3.75 (11'3" x 12'3") -

Bathroom - 1.50 x 2.50 (4'11" x 8'2" ) -

Brochures

Myrtle Grove, Jesmond, Newcastle Upon TyneBrochure
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: B
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.
Yes
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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Myrtle Grove, Jesmond, Newcastle Upon Tyne

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About Hive Estates, Newcastle upon Tyne

1 Starbeck Avenue Sandyford Newcastle Upon Tyne NE2 1RH

Moving is a busy and exciting time and we're here to make sure the experience goes as smoothly as possible by giving you all the help you need under one roof.

The company has always used computer and internet technology, but the company's biggest strength is the genuinely warm, friendly and professional approach that we offer all of our clients.

Affordability

Monthly repayments£1,304
Property: £ 260,000
Deposit: £ 26,000
Interest rate: 5.33%
Term: 30 years
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Disclaimer - Property reference 34641256. 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 Hive Estates, Newcastle upon Tyne. 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.
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