6 bedroom house of multiple occupation for sale

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6 bedroom house of multiple occupation for sale

Hmo House, Pelaw, Gateshead
£295,000

Our Summary

  • This is an excellent investment opportunity for the new owner

Description

Cloud Estates presents a tenanted six-bedroom house on George Street, Pelaw, currently operating as a well-established HMO. The property has been refurbished to a high standard and offers a combined monthly rental income of £3,265. The six double rooms, including five with en-suite bathrooms and one with an off-suite, are individually let to professional tenants with bills included. The property features a modern kitchen, living space, and private rear yard, making it an exceptional standard of living for tenants. Located within walking distance of transport links and amenities, this property is an excellent investment opportunity with an annual rent of £39,180 and an over 13% gross yield.