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3 bedroom apartment for sale
Osborne Terrace, Newcastle Upon Tyne, Tyne and Wear, NE2 1NE
£210,000
Osborne Terrace, Newcastle Upon Tyne, Tyne and Wear, NE2 1NE
£210,000
Our Summary
- Investment Opportunity in Jesmond: Three Bedroom HMO on Osborne TerraceDiscover a prime investment opportunity with this three bedroom flat (HMO) located on Osborne Terrace in Jesmond
- 77% Gross return, with further scope for increase
- Exploring the Potential: Not only does this property offer attractive rental returns, but it's also part of a broader investment opportunity
- Investment opportunity
Description
This three-bedroom flat on Osborne Terrace in Jesmond is a prime investment opportunity, currently let out until 2025 at £135 per person per week, with rents increasing to £145 per person per week for the 2025/26 student season. The property offers a lucrative 10.77% gross return, with potential for further increase, making it an attractive prospect for investors. Not only does this property offer attractive rental returns, but it's also part of a broader investment opportunity, with multiple HMOs available for purchase as part of a portfolio. The property's ideal location and income potential make it a promising choice for seasoned investors and those looking to expand their property portfolios.