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Bayswater Road, Jesmond, Newcastle Upon Tyne

PROPERTY TYPE

Flat

BEDROOMS

6

BATHROOMS

2

SIZE

1,501 sq ft

139 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

  • Rare opportunity to acquire a ready made investment portfolio
  • Two self contained Tyneside flats sold together
  • Five bedrooms in total across both properties
  • Fully occupied and generating £39,000 per annum
  • Strong gross rental yield of 7.8%
  • Spacious layouts ideal for professional or student tenants
  • Modern kitchens and well maintained interiors throughout
  • Shared rear yard with convenient lane access
  • Located in a high demand rental area with consistent tenant appeal
  • Close to local amenities, universities and excellent transport connections

Description

Hive Estates presents an exceptional investment opportunity to acquire a pair of Tyneside flats in the highly sought after West Jesmond area. Comprising a two bedroom lower flat and a three bedroom upper flat, both properties are currently tenanted and generate a combined annual rental income of £39,000 (£15,600 from the lower flat and £23,400 from the upper flat), offering an impressive gross rental yield of 7.8%.

The lower flat is well configured for shared living, featuring a spacious modern kitchen, a separate living and dining room with ample storage, and two generously sized bedrooms. The principal bedroom is enhanced by a large bay window and wood effect laminate flooring, while the bathroom is fitted with a walk in shower, separate bath, wash basin, WC, and heated towel rail.

Occupying the first floor, the upper flat offers a contemporary kitchen with cream high gloss cabinetry, white worktops, and marble effect tiling. The generous living room provides ample space for both relaxing and dining, while the three well proportioned bedrooms are ideal for professional or student tenants. The principal bedroom also benefits from a large bay window and wood effect laminate flooring. The bathroom is equipped with a walk in shower, separate bath, wash basin, and WC.

Externally, the properties share a rear yard with lane access. Positioned within easy reach of Jesmond’s popular cafes, shops, restaurants, universities, and transport links, the flats benefit from consistently strong tenant demand. Offering immediate income and long term investment potential, this is a rare opportunity to acquire a high yielding, ready made portfolio in one of Newcastle’s most desirable residential locations.

Lounge/Diner - 4.00 x 4.00 (13'1" x 13'1") -

Kitchen - 3.20 x 2.45 (10'5" x 8'0") -

Bedroom 1 - 4.05 x 4.15 (13'3" x 13'7") -

Bedroom 2 - 3.00 x 2.70 (9'10" x 8'10") -

Bedroom 3 - 2.90 x 2.75 (9'6" x 9'0") -

Bathroom - 2.20 x 2.75 (7'2" x 9'0") -

Lounge/Diner - 3.90 x 4.25 (12'9" x 13'11") -

Kitchen - 3.15 x 2.45 (10'4" x 8'0") -

Bedroom 1 - 3.80 x 4.50 (12'5" x 14'9") -

Bedroom 2 - 2.80 x 2.45 (9'2" x 8'0") -

Bathroom - 2.30 x 3.55 (7'6" x 11'7") -

Brochures

Bayswater Road, 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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Bayswater Road, Jesmond, Newcastle Upon Tyne

Approximate location

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Affordability

Monthly repayments£2,508
Property: £ 500,000
Deposit: £ 50,000
Interest rate: 5.33%
Term: 30 years
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About Hive Estates, Newcastle upon Tyne

1 Starbeck Avenue Sandyford Newcastle Upon Tyne NE2 1RH

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Disclaimer - Property reference 34745922. 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.

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