6 bedroom terraced house for sale

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6 bedroom terraced house for sale

St. Georges Terrace, Jesmond, Newcastle upon Tyne, Tyne and Wear, NE2
£620,000

Our Summary

  • **Offers Over £620,000**Investment Opportunity**Entire Building (Freehold)**Three Separate Apartments** A three storey end-terraced property, occupying a super-central Jesmond address, close to Acorn Road shops, Osborne Road restaurants and bars, and West Jesmond Metro
  • Representing a rare investment opportunity, viewing is highly recommended

Description

This investment opportunity is a three-storey, end-terraced property in Jesmond, Newcastle, comprising three separate apartments that generate an annual rent of £33,800 and a gross yield of 5.45%. The apartments are let until Summer 2025 and offer scope to increase the rental income through regular residential letting or short-term lets. The property features a communal entrance, three apartments with living rooms, kitchens, bedrooms, and bathrooms, and benefits from double glazing and gas central heating. The exterior includes a front forecourt for multi-vehicle parking, a rear yard, and a garage. With a Council Tax Band of C, this rare investment opportunity is recommended for viewing.
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