HMOs for Sale

Well located: The property offers a good choice of local amenities, including shops, cafes and restaurants, as well as Heaton Park for recreational purposes, which is just a 5 minute walk away.

Transport: The area is also well-connected to transport links, with regular bus services running along Heaton Road, providing easy access to the city centre and surrounding areas. For wider transport links, Manors train station can be accessed by public transport in 15 minutes, the nearest bus stop is 3 minutes walk from the property.

Opportunities: City Centre Proximity: Newcastle city centre is just a short bus or metro ride away, offering a wide range of job opportunities in finance, retail, hospitality, education, and healthcare. Major employers include Newcastle University, Northumbria University, NHS hospitals, and business parks such as Quorum and Cobalt Business Park.

The area has a significant student population, leading to job openings in university services, tutoring, and student housing management.

Conclusion

Overall, Heaton offers good economic opportunities due to it's location, affordability, and employment access. It’s an ideal area for young professionals, students, and remote workers, with a strong community and steady property growth.

Income;

Room 1 - £635 / Room 2 - £600 / Room 3 - £550 /

Room 4 - £535 / Room 5 - £520 / Room 6 - £600 /

Total; £3,440 PCM / £41,280.00 PA

Expenditure;

Gas / Electric - £200 / Water - £47.20 / Council Tax - £148.55 /

TV License - £15 / Cleaner - £52.50 / Broadband - £32.40 /

Management - £342

Total; £837.65 PCM / £10,051.80 PA

Features

• 6 bed 5 Ensuite HMO
• Article 4
• Good Condition
• Gross Income: £41,280.00 PA
• Gross Yield: 9.28%
• 2% +VAT Buyer's Fee