3 bedroom maisonette for sale
Key information
Property description & features
- Tenure: Leasehold
- Upper flat
- 3 Bed HMO
- Current let at £115ppw until summer 25
- Rent will increase for 25/26
- Potentail for further rent increase with renovation
- West Jesmond
Invest in this 3-bedroom HMO flat located in Bayswater Road, Jesmond. Offering a fantastic investment opportunity.
Situated in a prime location, the flat is perfectly positioned to attract tenants, being in close proximity to the vibrant cultural hub of Newcastle upon Tyne. With West Jesmond just a stone's throw away, you'll be surrounded by an array of amenities, trendy dining spots, and vibrant nightlife.
Currently achieving a rental income of £115 per person per week until summer 2025, this property is already a solid investment. However, with the potential for renovation and improvement, there is the possibility to increase the rental income even further, making this an exciting prospect for any investor.
Bayswater Road is known for its desirable location, offering convenient access to an array of amenities. From local supermarkets to boutiques and cafes, everything you need is right at your doorstep. Furthermore, the flat benefits from excellent transport links, with nearby metro stations providing easy access to the city center and surrounding areas.
Newcastle upon Tyne's property market is thriving, making this the ideal time to secure your investment in such a sought-after location. The potential for capital growth, combined with the steady rental income, makes this flat an enticing opportunity for both seasoned investors and those new to the market.
Don't miss out on this chance to acquire a high-yielding property in one of Newcastle's most sought-after areas. Take advantage of the potential for renovation and the current high demand for HMO accommodations. Arrange a viewing today and let this investment in Bayswater Road pave the way for your financial success.
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Property reference GRT_GRT_LFSYCL_815_991381096. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Greetham Gilbert - Jesmond.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 21, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on September 4, 2019 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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