7 Bed HMO, Newcastle upon Tyne, NE2 4DP, £510,000

A fantastic investment opportunity has arisen with this seven-bedroom terraced HMO house situated on Clayton Park Square, Jesmond. The eclectic suburb of Jesmond lies close to Newcastle City Centre and Jesmond Dene Park. It features bars, restaurants & shopping for all ages from boutique-style shops to top-brand supermarkets. Properties range from Victorian houses and converted flats to new build blocks and stylish apartments.

The property briefly comprises; entrance lobby, hallway which provides access to the living room, kitchen with integrated appliances, shower room & the first bedroom. Stairs to the first-floor landing allow access to four bedrooms, a separate WC & a shower room. Stairs to the second-floor landing give further access to the last two bedrooms with skylight windows.

Externally, to the rear of the property, there is a concreted yard with an up & over door allowing access to the back lane.

The property benefits from gas central heating & double glazing throughout.

Viewings are highly recommended to appreciate the accommodation on offer.

The property is currently rented as an HMO to seven tenants @ 97pppw until June 2025, giving an annual rent of £35,000. Gross Yield 6.8%. The property is then rented to seven tenants @ 107pppw until June 2025, giving an annual rent of £38,948. Gross Yield 7.6%

N.B Any clients interested need to be made aware that the owner of this property is connected to Mansons Property Consultants.