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5 bedroom flat for sale
Shortridge Terrace, Jesmond, Newcastle Upon Tyne NE2
£375,000
Shortridge Terrace, Jesmond, Newcastle Upon Tyne NE2
£375,000
Our Summary
- The property offers an immediate strong income stream with significant potential for rental uplift to enhance returns
- Potential for rental uplift to boost returns
Description
This spacious ground floor five-bedroom licensed HMO in Jesmond offers a strong income stream with a tenancy agreement until July 2026, generating £31,200 per annum and a gross rental yield of 8.3%. The property features a well-designed layout with five double bedrooms, each furnished with a bed, desk, and storage space, as well as a large open-plan kitchen and living area with a south-facing bay window. The property also includes a main bathroom, separate shower room, and additional WC, providing convenience for all tenants. The exterior features a rear yard and store with access to the rear lane. With a 30+ year unbroken letting history, this property is an excellent choice for investors seeking a high-performing asset in a highly sought-after location.