4 Bed HMO, Newcastle upon Tyne, NE6 5XQ, £295,000

Meldon Terrace, Heaton, NE6 5XQ - 5 views - 11 days ago

HMO
~129 m²
+12 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£73,750

Stamp Duty & Legal Fees

£18,200

Total Cash In

£91,950

 

 

Cash Out

 

Room Rate

£400

Gross Rent

£1,600

Running Costs/mo

£1,726

Cashflow/mo

£-126

Cashflow/yr

£-1,513

Gross Yield

7%













Property History

Listed for £295,000

March 21, 2025

Floor Plans

Description

  • 360 VIRTUAL TOUR +
  • THREE STOREY TERRACED HOUSE +
  • FOUR BEDROOMS +
  • DRIVEWAY +
  • PRIVATE DECKED REAR YARD +
  • TENANTED UNTIL AUGUST 2025 +
  • CHAIN FREE +
  • EPC - C +
  • COUNCIL TAX BAND - C +
  • FREEHOLD +

4 BEDROOM HOUSE - FAMILY HOME POTENTIAL - 2 RECEPTION ROOMS

Fantastic opportunity to buy this large four bedroom two reception house situated in the centre of Heaton on Meldon Terrace. The property set over three floors benefits from being chain-free and offers an excellent chance for those looking for a large family home in a great location within Heaton. The property is currently tenanted until 28th August 2025 for £1,600pcm and holds a HMO licence for Four people.

4 BEDROOM HOUSE - FAMILY HOME POTENTIAL - 2 RECEPTION ROOMS

Fantastic opportunity to buy this large four bedroom two reception house situated in the centre of Heaton on Meldon Terrace. The property set over three floors benefits from being chain-free and offers an excellent chance for those looking for a large family home in a great location within Heaton. The property is currently tenanted until 28th August 2025 for £1,600pcm and holds a HMO licence for Four people.

On The Ground Floor -

Entrance Vestibule -

Hallway -

Lounge - 4.03m x 3.89m (13'3" x 12'9") - Measurements taken from widest points

Bedroom - 4.64m x 3.09m (15'3" x 10'2") - Measurements taken from widest points

Kitchen/Diner - 7.36m x 2.41m (24'2" x 7'11") - Measurements taken from widest points

On The First Floor -

Landing -

Shower Room - 2.51m x 2.33m (8'3" x 7'8") - Measurements taken from widest points

Bedroom - 3.62m x 2.96m (11'11" x 9'9") - Measurements taken from widest points

Bedroom - 4.08m x 2.95m (13'5" x 9'8") - Measurements taken from widest points

Bedroom - 5.07m x 2.01m (16'8" x 6'7") - Measurements taken from widest points

On The Second Floor -

Landing -

Wc - 2.10m x 1.09m (6'11" x 3'7") - Measurements taken from widest points

Bedroom - 5.36m x 2.15m (17'7" x 7'1") - Measurements taken from widest points

Disclaimer - The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.

Agent Details

Brunton Residential, Great Park

0191 743 2984

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.