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Glenthorn Road, Newcastle Upon Tyne, Tyne and Wear

PROPERTY TYPE

Flat

BEDROOMS

3

BATHROOMS

2

SIZE

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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

  • 3 bed student HMO investment property
  • Generating £21,060pa with scope to increase
  • Well maintained flat with good size rooms
  • Superb location for students
  • For sale with no onward chain!
  • With rental history in place

Description

Presenting an outstanding investment opportunity, this three-bedroom student House in Multiple Occupation (HMO) flat is ideally situated on Glenthorn Road, Newcastle Upon Tyne. This property is a proven income generator, currently achieving an impressive £21,060 per annum, with clear potential for further rental yield increases, making it an attractive proposition for both seasoned and new investors.


The flat itself is well-maintained throughout, offering a comfortable and practical living space for students. Each of the three bedrooms is generously proportioned, providing ample space for study and relaxation. The property benefits from one reception room, offering a communal area for residents, complemented by two well-appointed bathrooms, ensuring convenience for all occupants. The thoughtful layout and good-sized rooms contribute to its appeal and strong rental history.


Its location is truly superb for the student market. Glenthorn Road offers excellent access to Newcastle Upon Tyne's universities, vibrant city centre amenities, and public transport links, all of which are crucial factors for student tenants. This prime positioning ensures consistent demand and high occupancy rates, underpinning the property's investment value.


This investment property comes with the added advantage of being offered for sale with no onward chain, streamlining the purchase process for prospective buyers. Furthermore, it boasts a solid rental history, providing immediate income from day one of ownership. This established tenancy record offers peace of mind and a clear demonstration of its viability as a student rental.


Investors seeking a reliable and high-performing asset in a sought-after student hub will find this property particularly appealing. The combination of a strong current income, potential for growth, excellent condition, and prime location makes Glenthorn Road a compelling acquisition. Early viewing is highly recommended to fully appreciate the scope and quality of this investment.
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.
Permit
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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Glenthorn Road, Newcastle Upon Tyne, Tyne and Wear

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Affordability

Monthly repayments£1,375
Property: £ 275,000
Deposit: £ 27,500
Interest rate: 5.3%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Recently sold & under offer
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About Greetham Gilbert, Jesmond

25 Osborne Road, Jesmond, Newcastle Upon Tyne, NE2 2AH

Greetham Gilbert is a tech-based, forward-thinking estate agency, we are revolutionising the real estate industry by seamlessly integrating technology, innovation, and marketing excellence. We embrace cutting-edge advancements to transform the way properties are bought, sold, and showcased. Through our forward-thinking approach, we leverage the power of data analytics, and artificial intelligence to provide unparalleled insights and experiences for our clients. Our editorial standard marketing ensures that every property we represent receives strategic and targeted promotion across various channels, captivating potential clients and maximising exposure. With our tech-driven mindset, we constantly adapt and evolve to stay ahead of industry trends, delivering exceptional results and surpassing expectations. Experience the future of real estate with our visionary team, where technology meets innovation and marketing excellence to redefine the way properties are bought, sold and let.

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Disclaimer - Property reference GRT_GRT_LFSYCL_815_991590296. 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 Greetham Gilbert, Jesmond. 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.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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