HMOs for Sale

Well Located: The property is on a quiet residential street, with a small garden space to the front and rear of the property. Heaton offers a variety of amenities and the addition of green spaces and local businesses makes this an attractive place to call home. The nearby Chillingham Road hosts numerous small businesses, shops, and eateries, offering employment opportunities in retail and hospitality.

Transport: There are multiple bus routes which run through Heaton, connecting it to Newcastle city centre and surrounding areas. Services are frequent and easy to access from the property. The area is served by nearby Metro stations, such as Byker and Chillingham Road, providing quick access to Newcastle city centre and beyond, providing quick and easy access for commuting.

Opportunities: Heaton's close proximity to Newcastle city centre provides residents with access to employment opportunities across various sectors, including finance, retail, healthcare, and education.

Conclusion: Residents of Spencer Street benefit from a range of economic opportunities, including access to diverse employment sectors, a robust property market, and the potential for remote work, all within a vibrant community setting.

Income;

Room 1 - £715 / Room 2 - £505 / Room 3 - £580 /

Room 4 - £560 / Room 5 - £521 / Room 6 - £630 /

Total; £3,511.00 PCM / £42,132.00 PA

Expenditure;

Gas / Electric - £200 / Water - £42.97 / Council Tax - £148.55 /

TV License - £15 / Cleaner - £52.50 / Broadband - £32.40 / Management £344.60

Total; £836.02 PCM / £10.032.24 PA

Features

• 6 bed, 6 Ensuite HMO
• Rental Increases Due Throughout 2025
• Article 4
• Well Established
• Good Condition
• Gross Income: £42,132.00 PA
• Gross Yield: 9.26%
• 2% Plus Vat Buyer's Fee