7 bed terraced house for sale

Devonshire Place, Jesmond, Newcastle Upon Tyne NE2

**Investment Opportunity - £60,000 Annual Income / 7.7% Gross Yield**Seven Bedroom HMO**b-Rated EPC** A three story period terraced townhouse well-located close to all Jesmond amenities, and enjoying good access to Newcastle City Centre and universities. Operating successfully as an HMO for many years, the house has been excellently maintained and thoughtfully reconfigured to create seven well proportioned bedrooms, with an unusually generous head-height in the attic rooms. The house includes a Reception Hall, a Living Room, a Second Reception Room, a large Dining Kitchen, a Ground Floor Shower Room, Four First Floor Bedrooms, a Second Shower Room, Three Second Floor Bedrooms, and a Bathroom. The property further benefits from double glazing, gas central heating, and a rear yard. Currently let for Academic Year 2026/27 at a rent of £56,420 per annum, the house is also let for Academic Year 2027/28 at a rent of £58,604. The rooftop solar panels generate a further Feed-in Tariff (fit) income in the region of £1,800 per annum (tax free) in addition to providing significant energy savings for the tenants. Representing a rare addition to the market, viewing is highly recommended.

Material Information -
Council Tax Band: E
Deposit Required: 5 weeks rent
Parking: Limited On Street Permit Parking