Grosvenor Gardens, Jesmond Vale, Newcastle Upon Tyne, NE2

**Investment Opportunity – 4 Bedroom Maisonette in Jesmond Vale**8.3% Gross Yield**
For Sale by Modern Method of Auction

Situated on the popular Grosvenor Gardens in Jesmond Vale, this substantial four-bedroom maisonette presents an excellent opportunity for investors seeking an income-generating student property in a well-established rental location close to Newcastle city centre and the universities.

The property is currently fully let to students producing an annual rental income of £14,144 per annum, and has already been re-let for the 2026/27 academic year at £16,640 per annum, offering an attractive ready-made investment with secured future income.

Arranged over two floors, the accommodation briefly comprises a spacious lounge, fitted kitchen, four well-proportioned bedrooms and bathroom facilities. The property benefits from gas central heating and double glazing, and is ideally positioned for access to Newcastle and Northumbria Universities, local amenities, transport links and the vibrant areas of Jesmond and Ouseburn.

This is an ideal purchase for landlords looking to expand their portfolio with a tenanted property in a consistently popular student location.

Key Features:

For Sale by Modern Method of Auction
Four Bedroom Maisonette
Popular Jesmond Vale Location
Currently Let to Students
Producing £14,144 Per Annum
Re-Let for 2026/27 Academic Year at £16,640 Per Annum
Strong Investment Opportunity
Close to Universities and City Centre
Gas Central Heating & Double Glazing

Auctioneer Comments:
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract being issued by the seller’s solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable reservation fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600 including VAT. The reservation fee is paid in addition to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation for Stamp Duty Land Tax.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £349 including VAT towards the preparation cost of the pack. Where the seller has provided a search pack for the property, a contribution of £399 including VAT will be payable by the buyer on completion.

Material Information -
Council Tax Band: B
Tenure: Leasehold
Lease: 955 Years Remaining
Service Charge: N/A
Ground Rent: Peppercorn
Management Company: N/A
Parking: Limited on street, pemit