Property Details

Fairfield Road, Newcastle Upon Tyne£565,000

On MarketRMS Estate Agents - Jesmond - 0191 281 6700JR00004819

6-bedroom HMO maisonette
Central Jesmond location ideal for students
Currently tenanted - Achieving £155 per room per week - £48,360 per annum
Peppercorn Lease - 999 years from 11 March 1994
Council Tax Band B
EPC rating D
Approx 8.5% yield

A remarkable 6-bedroom HMO maisonette, which offers student accommodation. Situated in a sought-after location, the property provides easy access to local amenities and public transport links, making it an ideal consideration for investors.

There is a reception room, kitchen, 2 bathrooms and 6 well proportioned bedrooms.

This property is currently tenanted, achieving an income of £48,360 per annum, which makes it an attractive and profitable investment opportunity.

The EPC rating of this house is D, and it falls within council tax band B. We invite you to seize this opportunity to own a high-potential investment property in a prime location.

PRIMARY SERVICES SUPPLY
Electricity: MAINS
Water: MAINS
Sewerage: MAINS
Heating: GAS CENTRAL HEATING
Broadband: FIBRE
Mobile Signal Coverage Blackspot: NO
Parking: ON STREET PERMIT PARKING

MINING
The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search. Confirmation should be sought from a conveyancer as to its effect on the property, if any.

Please note that the AML fee covers the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.

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