ROI = 10% BMV = 12.33%
Description

** Attention Investors / Landlords ** Tenanted HMO with total gross yield of 10% Five bedroom property available for sale in the heart of Heaton on Stratford Road, Newcastle Upon Tyne. The property is within walking distance to Newcastle City Centre, Universities, Heaton Park and various local amenities including supermarkets, cafes and restaurants. There are excellent public transport links to the City Centre and the wider area. Accommodation on offer briefly comprises; entrance via ground floor to first floor landing, living room, kitchen, three bedrooms and communal shower room / W/C, stairs to second floor, two bedrooms and communal shower room / W/C. Given the popular location for students coming to study in the area this property offers an excellent investment and has been let consistently by current owners for around 9 years. Property ownership information Ground rent review period: Every 100 years Service charge review period: Every 100 years Lease end date: 07/11/2994 Disclaimer for virtual viewings Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.

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Property Details
  • Property ID: 149649035
  • Added On: 2024-07-05
  • Deal Type: For Sale
  • Property Price: £240,000
  • Bedrooms: 5
  • Bathrooms: 1.00
Amenities
  • Fully Tenanted HMO With Around 10 % Yield
  • Five Bedroom
  • Two Bathroom Terrace
  • Excellent Location In The Heart Of Heaton
  • Great Road
  • Bus And Metro Links To City And Beyond
  • Within Walking Distance To Newcastle City Centre
  • 999 Year Lease From 1995