7 bedroom maisonette for sale

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7 bedroom maisonette for sale

Shortridge Terrace, Jesmond, Newcastle Upon Tyne NE2
£475,000

Our Summary

  • The property offers an immediate strong income stream with significant potential for rental uplift to enhance returns, while development prospects offer scope to add further value
  • With its prime location, strong rental demand, 30+ year unbroken letting history, and excellent potential to add value, this is an outstanding opportunity for investors seeking a secure, high-performing asset in one of Jesmond’s most desirable areas
  • Potential for rental uplift and further development value

Description

This seven-bedroom maisonette in Jesmond is a fantastic investment opportunity, generating £41,856 per annum and offering a gross yield of 8.81%. The property is currently tenanted until August 2026 and has a strong income stream with potential for rental uplift to enhance returns. The property features a well-balanced layout, including a spacious open-plan kitchen and living area, seven double bedrooms, and three bathrooms. The kitchen is modern and well-equipped, and each bedroom is fully furnished with a double bed, desk, and storage space. The property also benefits from a large outdoor space, perfect for tenants. With its prime location, strong rental demand, and excellent potential to add value, this is an outstanding opportunity for investors seeking a secure, high-performing asset.