HMOs for Sale
103 Biddlestone Road, Newcastle upon Tyne
6 1 1
£475,000 Asking Price Mid terrace for saleDescription
Overview: 6 bed, 5 Ensuite mid terrace property. The property includes a kitchen diner, lounge and separate laundry room, as well outdoor spaces to the front and rear of the property. A full back to brick renovation, including loft conversion was carried out in 2016. A new boiler was installed in 2024 with a 10 year warranty. The property has been managed and well maintained since it's renovation.
Well located: Residents of Biddlestone Road benefit from a variety of local amenities. Heaton Road and Chillingham Road, both nearby, offer a range of independent shops, cafes, and restaurants catering to diverse tastes. Heaton Park and the expansive Jesmond Dene provide green spaces for recreation and leisure activities.
Transport: The area is well-served by public transport. Frequent bus services connect Heaton to Newcastle city centre and surrounding areas. Additionally, the nearby Chillingham Road Metro Station offers efficient access to the broader Tyne and Wear region, making it convenient for commuters.
Opportunities: Biddlestone Road offers good economic opportunities due to its strong transport links, growing property market, and employment access in Newcastle city centre and Heaton’s business areas. It's particularly attractive for students, young professionals, and remote workers.
Conclusion: Living on Biddlestone Road offers a blend of historical charm and modern conveniences. Its strategic location in Heaton provides residents with access to essential amenities, recreational spaces, and efficient transport links, all within a community-oriented environment.
Income;
Room 1 - £700 / Room 2 - £520 / Room 3 - £540 /
Room 4 - £600 / Room 5 - £650 / Room 6 - £660
Total; £3,670.00 PCM / £44,040.00 PA
Expenditure;
Gas/Electric - £200 / Water - £42.97 / Council Tax - £148.55 /
TV License - £15 / Cleaner - £52.50 / Broadband - £32.40 / Management £367
Total; £858.42 PCM / £10.301.04 PA
Gross Yield: 9.27%
Additional Details
- Bedrooms: 6 Bedrooms
- Bathrooms: 1 Bathroom
- Receptions: 1 Reception
- Ensuites: 5 Ensuites
- Kitchens: 1 Kitchen
- Buyer Fee: 2.00% + VAT
- Tenure: Freehold
- Rights and Easements: Ask Agent
- Risks: Ask Agent
Brochures
Features
- 6 bed, 5 Ensuite HMO
- Fully Licensed
- Well Established
- Good Condition
- Gross Income: £44,040.00 PA
- Gross Yield: 9.27%
- 2% Plus Vat Buyer's Fee
Enquiry
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