This exceptional 12-bedroom property in Newcastle Upon Tyne presents an outstanding investment opportunity for those seeking a high-yield asset with considerable potential for rental income growth. Currently arranged into six self-contained units, the property generates a rental income of £5800 per calendar month, with scope for further increase. The configuration includes a diverse mix of accommodations designed to attract a wide range of potential tenants. It features one studio flat, one one-bedroom flat, three two-bedroom flats, and a generously proportioned four-bedroom flat with holds a licence. This mix of units caters to various rental markets, including professionals, and students, ensuring a consistent and robust demand. Located in Heaton, Newcastle Upon Tyne, the property benefits from excellent local amenities, transport links, and a thriving rental market. Its central location ensures easy access to shops, schools, and leisure facilities, as well as connections to public transport and major road networks. This makes it an ideal choice for tenants seeking both convenience and comfort. Investors will appreciate not only the immediate rental income of £5800pcm but also the potential for increasing this yield without improvements and with strategic improvements an even higher yield is possible. The property’s design and layout also offer flexibility for future adaptations, whether for further development or customisation to meet specific tenant demands. This property is a unique opportunity for investors looking to expand their portfolio with a high-performing asset in a sought-after location. To find out more or arrange a viewing, contact us today.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Newcastle Upon Tyne, Tyne and Wear NE6 - Streetview
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