Killingworth Road, South Gosforth NE3 4 bed house share for sale

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Killingworth Road, South Gosforth NE3 4 bed house share for sale

Killingworth Road, South Gosforth NE3
£195,000

Our Summary

  • This property presents a fantastic investment opportunity, given its prime location and the demand for rental properties in the area
  • Don't miss the chance to explore the potential this property has to offer

Description

This turn-key HMO investment property in Gosforth is a fantastic opportunity for investors, offering a rental income of £1970 per month. The property is fully furnished and currently fully occupied with 4 tenants, with all bedrooms having double beds, wardrobes, and chest of drawers. The shared kitchen/living space is well-equipped with ample storage, appliances, and a large bathroom with a shower over the bath. The property also benefits from a garden/shared yard and excellent transport links to the city centre. With all compliance in place, including EICR, Gas Safety, PAT, and Smoke Alarms, this property is ready to be purchased and started generating rental income immediately. The current rents are fixed for three of the tenants, with the fourth on a periodic tenancy.