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15 bedroom terraced house for sale
Eslington Terrace, Newcastle Upon Tyne, Tyne and Wear, NE2 4RJ
£1,235,000
Eslington Terrace, Newcastle Upon Tyne, Tyne and Wear, NE2 4RJ
£1,235,000
Our Summary
- Investment Opportunity in Jesmond: 15 bedrooms split into 4 apartmentsDiscover a prime investment opportunity with this fifteen-bedroom property split into four apartments on Eslington Terrace 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
**Summary:**
A 15-bedroom property located on Eslington Terrace in Jesmond has been presented as an investment opportunity, offering four self-contained apartments. The property is currently fully let until the summer of 2025 at an average weekly rent of £125 per person, equating to approximately £8,125 per calendar month for the upcoming student season. The rents are set below market rates, indicating a potential for growth and the ability to increase them beyond local market trends. This property is part of a larger investment portfolio that includes multiple HMOs, which will soon be available for purchase. This presents a lucrative investment prospect with the potential for attractive rental returns and the opportunity to build or expand a property portfolio in the desirable Jesmond area.