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Get brand editions for Hive Estates, Newcastle upon Tyne

Kelvin Grove, Sandyford, Newcastle upon Tyne

PROPERTY TYPE

Terraced

BEDROOMS

6

BATHROOMS

2

SIZE

1,526 sq ft

142 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

  • Six bedroom HMO investment property
  • Popular Sandyford location
  • Tenants already in situ
  • £39,936.24 annual rental income
  • Impressive 8.41% gross rental yield
  • Spacious communal living and dining room
  • Modern fitted kitchen
  • Well-proportioned bedrooms throughout
  • Modern bathroom facilities
  • Excellent access to Newcastle city centre and universities

Description

Hive Estates are delighted to present to the market this excellent six bedroom terraced house on Kelvin Grove, Sandyford, offering a strong investment opportunity with tenants already in situ. Currently generating £39,936.24 per annum, the property achieves an impressive gross rental yield of 8.41%, providing an attractive combination of immediate rental income and well-established HMO accommodation.

The property offers generous and well-proportioned accommodation throughout, with six private bedrooms alongside spacious communal areas designed to suit multiple occupants. The communal living and dining space provides a comfortable area for tenants to relax and socialise, while the modern fitted kitchen offers ample storage and workspace.

Each bedroom provides a practical and comfortable space for tenants, complemented by modern bathroom facilities and neutral presentation throughout. The combination of private bedroom accommodation and well-maintained shared facilities makes the property well suited to the established HMO rental market.

Externally, the property retains attractive period character, with an appealing traditional frontage and outdoor space providing an additional benefit for occupants. Located in the popular Sandyford area, the property is well positioned for access to Newcastle city centre, local amenities and the universities, supporting strong ongoing demand from the student and professional rental market.

With tenants already in situ, a proven rental income of £39,936.24 per annum and an 8.41% gross yield, this property represents an excellent opportunity for investors seeking an established income-producing asset in a popular Newcastle rental location.

Lounge/Kitchen - 4.60 x 6.25 (15'1" x 20'6") -

Bedroom 1 - 4.40 x 4.00 (14'5" x 13'1") -

Bedroom 2 - 4.00 x 2.59 (13'1" x 8'5") -

Bedroom 3 - 5.41 x 2.60 (17'8" x 8'6") -

Bedroom 4 - 2.80 x 2.80 (9'2" x 9'2") -

Bedroom 5 - 4.05 x 3.35 (13'3" x 10'11") -

Bedroom 6 - 4.60 x 2.50 (15'1" x 8'2") -

Shower Room - 2.00 x 1.00 (6'6" x 3'3") -

Bathroom - 2.30 x 2.35 (7'6" x 7'8" ) -

Wc - 1.00 x 2.35 (3'3" x 7'8") -

Brochures

Kelvin Grove, Sandyford, 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: C
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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Kelvin Grove, Sandyford, Newcastle upon Tyne

Approximate location

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Affordability

Monthly repayments£2,308
Property: £ 475,000
Deposit: £ 47,500
Interest rate: 5.05%
Term: 30 years
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Renovation potential
Recently sold & under offer
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Get brand editions for Hive Estates, Newcastle upon Tyne

About Hive Estates, Newcastle upon Tyne

1 Starbeck Avenue Sandyford Newcastle Upon Tyne NE2 1RH

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Disclaimer - Property reference 34948406. 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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