Potential 4-Bed HMO, Newcastle upon Tyne, NE2 4DL, £250,000

Eskdale Terrace, Newcastle Upon Tyne, Tyne and Wear, Tyne and Wear, NE2 4DL - 2 views - a month ago

Sold STC
Leasehold
HMO
~93 m²
+6 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Room Rate

£358

Gross Rent

£1,432

Running Costs/mo

£1,534

Cashflow/mo

£-102

Cashflow/yr

£-1,229

Gross Yield

7%













Property History

Listed for £250,000

February 26, 2025

Description

  • First floor apartment +
  • Three bedooms +
  • Let until summer 2025 +
  • C4 HMO in place +
  • Good access to city and amenities +
  • Current rent £145pppw +
  • Suitable for owner-occupiers +
  • Ideal buy to let +

Spacious 3 Bedroom Apartment with Great Investment Potential in Eskdale Terrace, Jesmond.

Are you looking for the perfect investment property or a spacious apartment for yourself? Look no further! This first-floor apartment in Eskdale Terrace, Jesmond, offers the best of both worlds. With three bedrooms, one bathroom, and one reception room, this property provides ample space for comfortable living.

With a current tenancy in place until summer 2025 and a C4 HMO license, this property is a hassle-free investment opportunity. You can benefit from the stable rental income while enjoying the potential for capital appreciation. The current rent is £145 per person per week, making it an attractive proposition for buy-to-let investors.

Situated in a convenient location, this apartment provides good access to the city center and amenities. Whether it's shopping, dining, or entertainment, everything is just a short distance away. Commuters will appreciate the excellent transport links, ensuring easy access to nearby towns and cities.

This property is not just suitable for investors; it is also ideal for owner-occupiers looking for a spacious and comfortable home. The three well-proportioned bedrooms offer plenty of space for you and your family. The reception room is perfect for entertaining guests or relaxing after a long day.

The apartment boasts a bright and inviting atmosphere, thanks to the large windows that allow natural light to flood in. The kitchen is equipped with modern appliances, making meal preparation a breeze.

Don't miss out on this fantastic opportunity to own a spacious 3 bedroom apartment in the sought-after area of Eskdale Terrace, Jesmond. Whether you're an investor or looking for a new home, this property ticks all the boxes. Schedule a viewing today and seize the chance to make it yours!

Agent Details

Greetham Gilbert, Jesmond

0191 743 9741

Next Steps?

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

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