4 bedroom house of multiple occupation for sale

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4 bedroom house of multiple occupation for sale

Split Crow Road, Deckham
£185,000

Our Summary

  • The property's cellar is accessible from the rear yard, is plumbed for bathroom/toilet facilities and provided appropriate approval is obtained, could offer an additional development opportunity in itself
  • This is an excellent investment opportunity for the new owner

Description

Cloud Estates presents a fully refurbished, tenanted four-bedroom terraced house in Gateshead, operating as a successful HMO with a consistent rental history over five years. The property has been renovated to a high standard, offering a unique and luxurious living space for professional tenants. The four rooms are let individually, generating a combined monthly rental income of £1825. The property features a private rear yard, a converted loft space, and a cellar that could be developed into an additional living space with the right approval. Situated in a convenient location, the property is within walking distance of transport links, Gateshead QE Hospital, and is close to Newcastle and Gateshead, Team Valley Trading Estate, and the A1. This is an excellent investment opportunity for the new owner, offering a steady annual rental income of £21,900.
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