7 Bed HMO, Newcastle upon Tyne, NE4 6TB, £165,000

Mill Lane, Elswick, Newcastle upon Tyne, Tyne and Wear, NE4 6TB - 8 views - 18 days ago

Auction
HMO
ROI: 20%
~217 m²
+12 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£9,450

Total Cash In

£50,700

 

 

Cash Out

 

Room Rate

£375

Gross Rent

£2,625

Running Costs/mo

£1,760

Cashflow/mo

£865

Cashflow/yr

£10,380

ROI

20%

Gross Yield

19%













Property History

Listed for £165,000

March 14, 2025

Floor Plans

Description

  • Potential Investment Opportunity +
  • No Upward Chain +
  • Gas Central Heating +
  • Six Bedrooms +
  • Gas Central Heating +

TO BE SOLD VIA ONLINE AUCTION - FEES APPLY.

Located close to Newcastle City Centre and close to the facilities available on the West Road, this spacious five/six bedroom mid terrace house offers versatile accommodation for a range of buyers including a family of an investment opportunity to rent or convert to an HMO (subject to licencing). This is a great opportunity not to be missed with many benefits including two bathrooms, outdoor space and off road parking Externally, UPVC double glazing and gas central heating.
The accommodation comprises an entrance hall, lounge/dining room, kitchen. bathroom, bedroom, lounge/bedroom. The first floor has two further bedrooms and an additional bathroom with the second floor having two more. Externally there is off road parking to the front and a garden to the rear.

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, West Road

0191 625 0804

Next Steps?

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

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