This property has been taken off the market.
3 Bed Flat For Sale Hunters Road, Newcastle Upon Tyne, NE2
£200,000- Flat
1 of 15
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Last Updated: 13th March 2024
Description
*** INVESTMENT OPPORTUNITY - HMO COMPLIANT - THREE BEDROOM & TWO BATHROOMS - 7.8% YIELD***
Welcome to this charming two-storey maisonette, strategically positioned within walking distance of The RVI, both Universities, and the vibrant amenities of Newcastle City Centre. Currently leased until Summer 2024, this property serves as a lucrative investment, boasting an annual rental income of £15,720 and an impressive gross yield of 7.8%. This is expected to increase to an annual return of £17,160 or an 8.5% Yield.
Briefly comprising: A private entrance and hallway, with stairs to first floor, unveiling a generously sized landing, perfect for a study area or the option to convert to a fourth bedroom, along with a cosy living room and a well-appointed kitchen/breakfast room.
The accommodation further comprises three HMO compliant double bedrooms, offering ample space and versatility, alongside a bathroom and a second large shower room, ensuring convenience and functionality for residents. Additionally, an extra second-floor storage room adds practicality and organization to the living space.
Enhanced with modern conveniences including double glazing and gas central heating, this property promises year-round comfort and energy efficiency. Outside, a communal rear yard provides a delightful retreat for relaxation or social gatherings.
With its desirable location, impressive rental income, and array of features, viewing is highly recommended to fully appreciate the appeal and potential of this remarkable property.
Tenure: Leasehold, 97 years remaining (Extension via Newcastle Council Available)
Welcome to this charming two-storey maisonette, strategically positioned within walking distance of The RVI, both Universities, and the vibrant amenities of Newcastle City Centre. Currently leased until Summer 2024, this property serves as a lucrative investment, boasting an annual rental income of £15,720 and an impressive gross yield of 7.8%. This is expected to increase to an annual return of £17,160 or an 8.5% Yield.
Briefly comprising: A private entrance and hallway, with stairs to first floor, unveiling a generously sized landing, perfect for a study area or the option to convert to a fourth bedroom, along with a cosy living room and a well-appointed kitchen/breakfast room.
The accommodation further comprises three HMO compliant double bedrooms, offering ample space and versatility, alongside a bathroom and a second large shower room, ensuring convenience and functionality for residents. Additionally, an extra second-floor storage room adds practicality and organization to the living space.
Enhanced with modern conveniences including double glazing and gas central heating, this property promises year-round comfort and energy efficiency. Outside, a communal rear yard provides a delightful retreat for relaxation or social gatherings.
With its desirable location, impressive rental income, and array of features, viewing is highly recommended to fully appreciate the appeal and potential of this remarkable property.
Tenure: Leasehold, 97 years remaining (Extension via Newcastle Council Available)
Agent Details
Bowson Estates
117, St. Georges Terrace, Newcastle Upon Tyne, NE2 2DN
Show Contact Number
0191 212 8100
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.