5 Bed HMO, Newcastle upon Tyne, NE6 5LR, £375,000

Warton Terrace, Heaton Newcastle Upon Tyne, NE6 5LR - 7 views - 7 months ago

Sold STC
HMO
ROI: 4%
~178 m²
+14 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Total Cash In

£112,450

 

 

Cash Out

 

Room Rate

£546

Gross Rent

£2,730

Running Costs/mo

£2,335

Cashflow/mo

£395

Cashflow/yr

£4,740

ROI

4%

Gross Yield

9%













Property History

Listed for £375,000

August 21, 2024

Sold for £144,000

2009

Floor Plans

Description

  • HMO License +
  • Five Bedrooms +
  • Two with Ensuite +
  • Bathroom and extra seperate WC +
  • Good sized Kitchen +
  • Two Reception Rooms +
  • EPC rating D +
  • Council Tax Band B +
  • Currently tenanted +

360 VIRTUAL TOUR HMO INVESTMENT OPPORTUNITY CIRCA YIELD 8.1% FIVE BEDROOMS NO ONWARD CHAIN SOUGHT AFTER LOCATION CHECK OUT CLOUD ESTATES YOU TUBE CHANNEL Video walkthrough and drone footage available on our Youtube page (search Cloud Estates).

CURRENTLY TENANTED AS HOUSE SHARE ALL BILLS INCLUDED (EXCEPT GAS AND ELECTRIC) £32,760 per annum 8.1% Yield

Cloud Estates welcome to the market this five bedroom, three bathroom, three storey house situated on Warton Terrace, Heaton, Newcastle upon Tyne, with the benefit of being freehold and offered for sale with no onward chain. This property also has an HMO licence in place and has a successful rental history.

The property comprises of, entrance lobby leading into the hall, living room and open plan into the dining room.  The kitchen has fitted units, washing machine, double fridge freezer and oven/hob, boiler and rear door leading to the rear courtyard.  To the first floor are three bedrooms and  The main bathroom has a bath, shower cubicle and hand wash basin and WC and another seperate WC.  To the second floor are two ensuite bedrooms.  All five bedrooms have a double bed, wardrobe and desk.

The property is located in a highly desirable area which has an abundance of amenities and transport links. There are supermarkets, restaurants, banks, coffee shops and schools on the property's doorstep as well as being located within a short drive of Newcastle City Centre.  Ideal location for families and professionals to live.

Please contact Cloud Estates for a viewing!

Agent Details

Cloud Estates, Newcastle Upon Tyne

0191 640 2478

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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