ROI = 10% BMV = 9.96%
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Description
Hive Estates presents this fantastic four-bedroom ground floor licenced HMO, ideally located in the highly sought-after area of Jesmond. Tenanted until August 2026, the property currently generates £25,600 per annum representing a gross yield of 8%. The property offers an immediate strong income stream with significant potential for rental uplift to enhance returns, while development prospects offer scope to add further value. This property presents a rare and compelling opportunity for investors. Designed for modern shared living, the flat features a well-balanced layout, including a spacious open-plan kitchen and living area with a south-facing bay window. The kitchen is fitted with stylish metro tiling, a sleek breakfast bar island, and contemporary units, seamlessly connecting to the lounge, which is finished with LVT flooring and fitted blinds. Each of the four double bedrooms is fully furnished with a double bed, fitted desk, wall-mounted cupboard, wardrobe, and individual wall-mounted TV, providing both comfort and practicality for tenants. The recently renovated, fully tiled bathroom includes a walk-in shower with a stone resin tray and a new humidistat wall-mounted fan. A separate WC adds extra convenience. Externally, the property benefits from a large private yard, offering valuable outdoor space and easy rear lane access for bikes and bins. Additionally, the adjoining garage presents the potential for conversion or further development, subject to the necessary consents. With its prime location, strong rental demand, 30+ year unbroken letting history, and excellent potential to add value, this is an outstanding opportunity for investors seeking a secure, high-performing asset in one of Jesmond’s most desirable areas. Lounge/Diner - 4.45 x 5.77 (14'7" x 18'11") - Bedroom 1 - 2.65 x 3.55 (8'8" x 11'7") - Bedroom 2 - 3.90 x 2.60 (12'9" x 8'6") - Bedroom 3 - 3.25 x 2.40 (10'7" x 7'10") - Bedroom 4 - 3.25 x 2.40 (10'7" x 7'10") - Shower Room - 1.80 x 3.25 (5'10" x 10'7") - Hallway - 9.44 x 0.95 (30'11" x 3'1") -
Find out MoreProperty Details
- Property ID: 159979823
- Added On: 2025-03-29
- Deal Type: For Sale
- Property Price: £325,000
- Bedrooms: 4
- Bathrooms: 1.00
Amenities
- Modern four double bedroom flat in Jesmond with original bay window
- Fully fitted kitchen with breakfast bar island and modern metro tiling
- Spacious living area with social space and modern finish with new flooring
- Stylish fully tiled bathroom with walk-in resin shower and contemporary fixtures
- Four spacious double bedrooms with fitted wardrobes and desks
- Private rear yard offers outdoor space with a small shed for storage
- Fantastic location close to local shops
- amenities and popular student venues
- Tenanted until August 2026
- ensuring immediate rental income for investors
- HMO licensed property meeting regulations for shared accommodation
- 8% gross rental yield
