- Fully Tenanted HMO With Around 10 % Yield +
- Five Bedroom, Two Bathroom Terrace +
- Excellent Location In The Heart Of Heaton +
- Great Road, Bus And Metro Links To City And Beyond +
- Within Walking Distance To Newcastle City Centre +
- 999 Year Lease From 1995 +
The Property
Attention Investors / Landlords
Tenanted HMO with total gross yield of 10%
Five bedroom property available for sale in the heart of Heaton on Stratford Road, Newcastle Upon Tyne. The property is within walking distance to Newcastle City Centre, Universities, Heaton Park and various local amenities including supermarkets, cafes and restaurants. There are excellent public transport links to the City Centre and the wider area.
Accommodation on offer briefly comprises; entrance via ground floor to first floor landing, living room, kitchen, three bedrooms and communal shower room / W/C, stairs to second floor, two bedrooms and communal shower room / W/C.
Given the popular location for students coming to study in the area this property offers an excellent investment and has been let consistently by current owners for around 9 years.
Property ownership information
Ground rent review period: Every 100 years
Service charge review period: Every 100 years
Lease end date: 07/11/2994
Property Description Disclaimer
This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.
Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.