6 Bed HMO, Newcastle upon Tyne, NE6 5NX, £325,000

Cardigan Terrace, Newcastle upon Tyne, Tyne and Wear, NE6 5NX - 2 views - 14 days ago

HMO
ROI: 8%
~186 m²
+11 photos

ValuationUndervalued

Sold Prices£120K - £4.8M
Sold Prices/m²£1.2K/m² - £7.5K/m²

 

 

Square Metres

~186 m²
Price/m²£1.7K/m²

Value Estimate

£396,500
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£23,700

Total Cash In

£104,950

 

 

Cash Out

 

Room Rate

£498

Gross Rent

£2,988

Running Costs/mo

£2,305

Cashflow/mo

£683

Cashflow/yr

£8,201

ROI

8%

Gross Yield

11%

Local Sold Prices

35 sold prices from £120K to £4.8M, average is £651K. £1.2K/m² to £7.5K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£220K10/230.14 mi6, Heaton Grove, Newcastle Upon Tyne, Tyne And Wear NE6 5NN6
£229K02/210.17 mi17, Balmoral Terrace, Heaton, Newcastle Upon Tyne, Tyne And Wear NE6 5YA6
£142K04/240.23 mi9, King John Street, Newcastle Upon Tyne, Tyne And Wear NE6 5XR6
£250K12/200.3 mi29, Rothbury Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5XH6
£515K04/210.51 mi4, Cartington Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5QQ6
£370K07/230.55 mi39, Beatrice Road, Newcastle Upon Tyne, Tyne And Wear NE6 5RJ6
£196.8K12/210.7 mi57, Shortridge Terrace, Newcastle Upon Tyne, Tyne And Wear NE2 2JE6
£1.3M06/220.73 mi2, Fenwick Terrace, Newcastle Upon Tyne, Tyne And Wear NE2 2JQ6
£289K06/210.77 mi82, Shortridge Terrace, Newcastle Upon Tyne, Tyne And Wear NE2 2JH6
£596.5K05/210.95 mi43, Fern Avenue, Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 2QU6
£995K09/230.95 mi17, Osborne Avenue, Newcastle Upon Tyne, Tyne And Wear NE2 1JQ6
£255K09/230.97 mi53, Cavendish Place, Newcastle Upon Tyne, Tyne And Wear NE2 2NE6
£710K12/211.03 mi37, Eslington Terrace, Newcastle Upon Tyne, Tyne And Wear NE2 4RN6
£906.8K03/241.04 mi7, Kingsland, Newcastle Upon Tyne, Tyne And Wear NE2 3AL6
£770K01/231.13 mi2, Tankerville Place, Newcastle Upon Tyne, Tyne And Wear NE2 3AT6
£830K11/201.14 mi5, Brandling Park, Newcastle Upon Tyne, Tyne And Wear NE2 4QA6
£791K03/211.14 mi3, Brandling Park, Newcastle Upon Tyne, Tyne And Wear NE2 4QA6
£770K02/231.2 mi19, Sanderson Road, Newcastle Upon Tyne, Tyne And Wear NE2 2DR6
£4.8M11/211.22 mi5, Adderstone Crescent, Newcastle Upon Tyne, Tyne And Wear NE2 2HH6
£551K01/211.23 mi21, Sanderson Road, Newcastle Upon Tyne, Tyne And Wear NE2 2DR6
£4.8M11/211.23 mi5, Adderstone Crescent, Newcastle Upon Tyne, Tyne And Wear NE2 2HH6
£725K11/211.39 mi2, North Jesmond Avenue, Newcastle Upon Tyne, Tyne And Wear NE2 3JX6
£1.2M12/221.4 mi1, Mitchell Avenue, Newcastle Upon Tyne, Tyne And Wear NE2 3JY6
£1.1M09/231.46 mi25, Mitchell Avenue, Newcastle Upon Tyne, Tyne And Wear NE2 3JY6
£1.1M09/231.46 mi27, Mitchell Avenue, Newcastle Upon Tyne, Tyne And Wear NE2 3JY6
£1.6M10/221.52 mi41, Mitchell Avenue, Newcastle Upon Tyne, Tyne And Wear NE2 3JY6
£421K07/231.56 mi253, Osborne Road, Newcastle Upon Tyne, Tyne And Wear NE2 3LB6
£425K10/221.72 mi19, Ilford Road, Newcastle Upon Tyne, Tyne And Wear NE2 3NX6
£575K04/241.72 mi14, Moorfield, High West Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 3NJ6
£950K01/231.79 miOakland House, Moorfield, High West Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 3NL6
£465K06/211.81 mi22, Treherne Road, Newcastle Upon Tyne, Tyne And Wear NE2 3NP6
£651K11/201.85 mi2, Rectory Drive, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 1XU6
£120K06/241.97 mi31, Granville Street, Gateshead, Tyne And Wear NE8 4EH6
£272.5K10/211.98 mi61, Hunters Road, Spital Tongues, Newcastle Upon Tyne, Tyne And Wear NE2 4ND6
£725.5K12/232 mi7, Rectory Terrace, Newcastle Upon Tyne, Tyne And Wear NE3 1XY6

Local Area Statistics

Population in NE6

50,441

Population in Newcastle upon Tyne

381,037

Town centre distance

3.57 miles away

Nearest school

0.20 miles away

Nearest train station

0.45 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £325,000

April 3, 2025

Floor Plans

Description

  • Fantastic Location +
  • Spacious Property +
  • Modern Kitchen +
  • Licensed HMO +
  • Pre-let to 2026 +
  • Period Features +
  • Double Bedrooms +
  • Multiple Bathrooms +

City & Suburb is delighted to bring this fully licenced HMO house to the sales market. Currently pre-let until 2026 on a single exclusive AST generating a fantastic yield.
This property currently formatted as a 6 double bedroom house with kitchen, separate living room, high ceilings and period features.
Fantastically located within walking distance to the fantastic bars and restaurants on Heaton Road and Chillingham Road, a short stroll to Heaton Park, the metro and the town centre is a mere 20 minutes away.
We anticipate a huge amount of interest in this property, please get in touch with the sales team at City & Suburb to arrange your viewing.

Agent Details

City and Suburb, Heaton

03330 046007

Next Steps?

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