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5 bed property, in Telford Street, £290,000
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5 bed terraced house

Telford Street, Gateshead NE8
£290,000

Our Summary

  • Great Investment Opportunity
  • This impressive five-bedroom HMO presents a superb investment opportunity in a sought-after location, offering spacious and modern accommodation ideally suited for both investors and tenants

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Description

This five-bedroom HMO is arranged over multiple floors and benefits from a full HMO licence, including a modern kitchen with integrated appliances, ample storage, and sleek work surfaces, and five private ensuites, each with its own bathroom. The property features soundproofing, damp proofing, a full rewire, new heating system, updated flooring, neutral décor, and quality fittings throughout. The interior configuration includes a contemporary layout with five generously sized bedrooms, each with its own private bathroom, and a total of six bathrooms in the property.

The house has a current rental income of £33,000 per annum, and is fully let to five individual young professionals on 5 individual tenancies.