Amble Grove, Newcastle Upon Tyne NE2 3 bed flat for sale

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Amble Grove, Newcastle Upon Tyne NE2 3 bed flat for sale

Amble Grove, Sandyford, Newcastle Upon Tyne NE2
£180,000

Our Summary

  • ** 360 virtual tour ** HMO investment opportunity ** circa yield approx 10% ** three bedrooms ** no onward chain ** sought after location ** long tyneside lease **

Description

This spacious three-bedroom upper floor flat on Amble Grove, Sandyford, Newcastle upon Tyne, is an HMO investment opportunity with a long Tyne and Wear lease. The property is currently tenanted until 2024/2025 and has a rental income of £14,820 per annum, providing an 8% yield. A new rental agreement has been agreed for 2025/2026, increasing the annual rental income to £18,720, providing a 10% yield. The property is situated in a sought-after location, close to Jesmond, Ouseburn, Heaton, and Newcastle city centre, with easy access to Northumbria and Newcastle Universities, transport links, supermarkets, bars, restaurants, and leisure facilities. The property is fully furnished and benefits from high-spec features, modern decoration, gas central heating, double glazing, a security alarm, and permit parking on street. Viewings are highly recommended for this investment opportunity.
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