12 bedroom terraced house for sale

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12 bedroom terraced house for sale

Granville Road, Newcastle Upon Tyne, Tyne and Wear, NE2 1TP
£1,100,000

Our Summary

  • Investment Opportunity in Jesmond: 12 bedrooms split into 3 apartmentsDiscover a prime investment opportunity with this twelve-bedroom property split into three apartments on Granville Road in Jesmond
  • The potential for growth is evident, This property presents a lucrative prospect with room for rent increases that surpass local market trends
  • Exploring the Potential: Not only does this property offer attractive rental returns, but it's also part of a broader investment opportunity

Description

This 12-bedroom property on Granville Road in Jesmond is a prime investment opportunity, split into three apartments. Currently let out until summer 2024, the apartments have the potential to generate significant rental income, with projected rents of £6,586 per calendar month for the student season of 2024/25. The property presents a lucrative prospect, with room for rent increases that surpass local market trends. Additionally, the property is part of a broader investment opportunity, with multiple HMOs available for purchase as part of a portfolio. With its ideal location and income potential, this property is a promising choice for seasoned investors and those looking to expand their property portfolios.
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