6 Bed HMO, Newcastle upon Tyne, NE2 3HE, £650,000

Sunbury Avenue, Jesmond, Newcastle Upon Tyne, NE2 3HE - 1 views - a month ago

Sold STC
HMO
~186 m²
+4 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£40,700

Total Cash In

£203,200

 

 

Cash Out

 

Room Rate

£375

Gross Rent

£2,250

Running Costs/mo

£3,259

Cashflow/mo

£-1,009

Cashflow/yr

£-12,112

Gross Yield

4%













Property History

Listed for £650,000

February 18, 2025

Description

  • Three storey HMO house +
  • 6 bedrooms +
  • Freehold +
  • EPC rating D +
  • Council tax band D +
  • Lawful Development certificate granted +
  • Off Street parking +

An impressive terraced house, which boasts a wealth of space, spanning across three storeys, making it ideal for investors seeking a substantial addition to their portfolio.

The house is fit for a House in Multiple Occupation (HMO) with a lawful development certificate (LDC), providing a fantastic opportunity for a high yield investment. Each of the six bedrooms is a comfortable double, offering ample living space for tenants. 

A key feature of the property is the kitchen, which is well-appointed and includes a dedicated dining space. This creates an inviting environment for communal meals and social interactions. There is also a  reception room, which is accentuated by a charming fireplace and a bay window, adding a touch of character and flooding the room with natural light. 

The property has been allocated an EPC rating of D and falls into council tax band D. 

The location is highly sought after, with excellent public transport links and local amenities within walking distance. The area also benefits from nearby schools, making it a convenient choice for families. 

This property is a fantastic investment opportunity, thanks to its status as an HMO and its desirable location. It offers a perfect blend of character, comfort, and convenience.
PRIMARY SERVICES SUPPLY
Electricity: MAINS
Water: MAINS
Sewerage: MAINS
Heating: GAS CENTRAL HEATING
Broadband: FIBRE
Mobile Signal Coverage Blackspot: NO
Parking: ON STREET PERMIT PARKINGMINING: The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.  Confirmation should be sought from a conveyancer as to its effect on the property, if any.

Agent Details

Rook Matthews Sayer, Jesmond

0191 625 0131

Next Steps?

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