5 bedroom terraced house for sale

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5 bedroom terraced house for sale

Ripon Gardens, Jesmond Vale, Newcastle Upon Tyne, NE2
£399,950

Our Summary

  • HMO Investment Opportunity

Description

This five-bedroom HMO investment property is situated in Jesmond Vale, a popular student residential area in Newcastle, within walking distance to Osborne Road, local shops, and cafes, with excellent transport links to the city center and universities. The property has a long history of consistent student demand, with over 10 years of continuous use, supporting stable occupancy and rental performance. The property is currently generating £120 per person per week until September 2026, with new tenants secured and signed on a joint AST for the following semester at £130 per person per week. The property is well-proportioned and thoughtfully laid out, with a generous communal lounge, spacious kitchen, and four double bedrooms and two bathrooms on the first floor. The attic room can be used as a fifth bedroom. The property is fully furnished for student living and is presented in a neutral, durable finish. With a rear yard and ample on-street parking, this property offers a secure and reliable investment return.