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6 bedroom house of multiple occupation for sale
HMO - ATTENTION INVESTORS AND LANDLORDS, Wingrove Avenue, Newcastle Upon Tyne
£195,000
HMO - ATTENTION INVESTORS AND LANDLORDS, Wingrove Avenue, Newcastle Upon Tyne
£195,000
Our Summary
- This is an excellent investment opportunity for the new owner
Description
Cloud Estates presents a tenanted six-bedroom maisonette in Fenham, Newcastle, which has been operating as a successful HMO for over seven years. The property has been refurbished to a high standard and offers a combined monthly rental income of £2,725. The six double rooms, some with ensuites, are let individually to professional tenants with bills included, achieving an annual rent of £32,820 and an impressive over 10% yield. The property is situated in a convenient location, within walking distance of transport links and amenities, and is just a short commute from Newcastle, Gateshead, Team Valley Trading Estate, Metrocentre, and the A1. This is an excellent investment opportunity for the new owner, offering a consistent rental history and strong yields.