5 bedroom house for sale

Hartford Court, Newcastle Upon Tyne

Offers in Region of £215,000

Property Description

Full description

The property is located in a new build style development of Hartford Court NE6 5BG is a freehold licenced HMO the landlord purchased the freehold in 2014, the Land Registry entry relates to this effect.

All 5 rooms are currently let on ASTs to professionals at a gross monthly rent of £1925 per calendar month, currently managed by a competent reputable management company, the landlord currently has other property interests in the area & is continuing with same company.

The landlord is looking to change his portfolio due to the changes in taxation of buy to lets, is not in a hurry to sell & expects to achieve the asking price due to the stability & condition of this investment.

Naturally as a pro-share there are costs that the landlord has to bear, which are as follows:
• Council tax for 2018/19 is £1771.21 for the year
• Water charges 2017/18 totalled £973
• Gas and electricity are currently averaging £148.07 p.c.m
• Internet charges are a fixed £44 p.cm
• Cleaning costs £78 per month

Priced at £215,000.

As with any business or investment purchase, the analysis of current resources & overheads are generally a must in order to identify further potential & effective profit.
As always it is recommended potential buyers carry out their own due diligence.

Please bear with me as I organise images this week, I would prefer to obtain pre let images where possible however, viewing of the accommodation will determine the true value of the property status.

• Please oblige & contact Gary Abela to further discuss your initial interests, & arrange a viewing, garyabela@concentricproperty.co.uk – 07958258914 – 01912412410.

Reception 1

Kitchen

Bedroom 1

Bedroom 2

Bedroom 3

Bedroom 4

Bedroom 5

Bathroom

Rent Income
Rental income is as follows..
Room 1 - £385
Room 2 - £410
Room 3 - £380
Room 4 - £425
Room 5 - £325


Listing History

Added on Rightmove:
16 April 2018

Nearest stations

  • Chillingham Road (0.4 mi)
  • Byker (0.5 mi)
  • Walkergate (0.7 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Concentric Sales & Lettings, Wolverhampton

40 Chapel Ash, Wolverhampton, WV3 0TT

01902 910114 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Chillingham Road (0.4 mi)
  • Byker (0.5 mi)
  • Walkergate (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Concentric Sales & Lettings, Wolverhampton

40 Chapel Ash, Wolverhampton, WV3 0TT

01902 910114 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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