5 bed terraced house for sale

Telford Street, Gateshead NE8

This impressive five-bedroom HMO presents a superb investment opportunity in a sought-after location, offering spacious and modern accommodation ideally suited for both investors and tenants. Refurbished to a high standard in 2021, the property is arranged over multiple floors and benefits from a full HMO licence, ensuring compliance and peace of mind for landlords. Each of the five generously sized bedrooms features its own private ensuite bathroom, providing maximum comfort and convenience for residents and making the property particularly attractive to professionals or students seeking quality shared accommodation. The interiors have been finished to a contemporary standard, with a stylish modern kitchen equipped with integrated appliances, ample storage, and sleek work surfaces, making it a practical and inviting space for meal preparation and dining. The bathrooms are equally well appointed, boasting modern fixtures, elegant tiling, and efficient layouts designed for ease of use and low maintenance. The property’s thoughtful refurbishment includes sound proofing, damp proofing, full rewire, full new heating system, updated flooring, neutral décor, and quality fittings throughout. Currently, the house benefits from long-sitting tenants, offering immediate rental income and stability for prospective buyers. Its configuration and licencing make it a standout choice for anyone looking to expand their portfolio with a high-yield asset in a popular rental area. Fully let to 5 individual young professionals on 5 individual tenancies. Current rental income in the region of £33,000 per annum. Being sold with tenants in situ. Scope to alter the top floor into two bedrooms instead of one how it is currently configured.

The location is well connected to local amenities, transport links, enhancing its appeal to a wide tenant base. This is a rare opportunity to acquire a fully refurbished, well-maintained HMO with an established rental history and modern features throughout. Early viewing is highly recommended to appreciate the quality of accommodation and investment potential on offer.

EPC Rating: E

Kitchen/Lounge

Open plan kitchen living space provides tenants a modern space to cook and unwind.