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Wingrove Avenue, Newcastle Upon Tyne NE4 Mixed use for sale
Wingrove Avenue, Newcastle Upon Tyne NE4
£195,000
Wingrove Avenue, Newcastle Upon Tyne NE4
£195,000
Our Summary
- This is an excellent investment opportunity for the new owner
Description
Cloud Estates presents a lucrative investment opportunity in the form of a tenanted six-bedroom maisonette in Fenham, Newcastle. The property has been refurbished to a high standard and is currently operating as an established HMO, generating a consistent rental income of £32,820 per annum, yielding over 10%. The six double rooms, some with ensuites, are let individually to professional tenants with bills included, achieving a combined monthly rental income of £2,725. The property is situated in a convenient location, within walking distance of transport links and amenities, and is a short commute from Newcastle and Gateshead. With a leasehold tenure and no ground rent or service charge, this is an excellent investment opportunity for the new owner.