Offers over
£275,000
3 bed flat for saleGlenthorn Road, Newcastle Upon Tyne, Tyne And Wear NE2
3 beds
2 baths
1 reception
EPC Rating: C
Added on
About this property
3 bed student HMO investment property
Generating £21,060pa with scope to increase
Well maintained flat with good size rooms
Superb location for students
For sale with no onward chain!
With rental history in place
Superb 3-Bed Student HMO Investment, Newcastle Upon Tyne
Presenting an outstanding investment opportunity, this three-bedroom student House in Multiple Occupation (HMO) flat is ideally situated on Glenthorn Road, Newcastle Upon Tyne. This property is a proven income generator, currently achieving an impressive £21,060 per annum, with clear potential for further rental yield increases, making it an attractive proposition for both seasoned and new investors.
The flat itself is well-maintained throughout, offering a comfortable and practical living space for students. Each of the three bedrooms is generously proportioned, providing ample space for study and relaxation. The property benefits from one reception room, offering a communal area for residents, complemented by two well-appointed bathrooms, ensuring convenience for all occupants. The thoughtful layout and good-sized rooms contribute to its appeal and strong rental history.
Its location is truly superb for the student market. Glenthorn Road offers excellent access to Newcastle Upon Tyne's universities, vibrant city centre amenities, and public transport links, all of which are crucial factors for student tenants. This prime positioning ensures consistent demand and high occupancy rates, underpinning the property's investment value.
This investment property comes with the added advantage of being offered for sale with no onward chain, streamlining the purchase process for prospective buyers. Furthermore, it boasts a solid rental history, providing immediate income from day one of ownership. This established tenancy record offers peace of mind and a clear demonstration of its viability as a student rental.
Investors seeking a reliable and high-performing asset in a sought-after student hub will find this property particularly appealing. The combination of a strong current income, potential for growth, excellent condition, and prime location makes Glenthorn Road a compelling acquisition. Early viewing is highly recommended to fully appreciate the scope and quality of this investment.
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Tenure
Leasehold (936 years)
Service charge
Council tax band
B
Ground rent
Ground rent date of next review
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