6 bed property

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6 bed property

Lisle Street, Wallsend, Tyne And Wear NE28
£335,000

Our Summary

  • This modern, fully compliant 6-bedroom, all-ensuite HMO offers a high-yielding investment opportunity in the heart of Wallsend

Description

This modern, 6-bedroom HMO in Wallsend offers a high-yielding investment opportunity, generating £46,800 in annual rental income with a gross yield of 13.97%. The property is fully let to working professionals and provides quality accommodation in a prime location, close to shops, major employers, and Newcastle city centre. The property benefits from excellent connectivity via the Metro, bus services, and easy access to the A19 and A1058. With ongoing regeneration in the area driving demand and capital growth, this property represents a secure, high-yielding opportunity. The breakdown of income and expenditure shows a net annual income of £36,159.72 and a net yield of 10.79%. The property is fully compliant with all necessary licenses and certifications, including an HMO license, EPC, eicr, fire risk assessment, and gas safety certificate.