Terraced house for sale in Cartington Terrace, Heaton, Newcastle Upon Tyne NE6

Stunning Property with an incredible 11% gross yield! A perfect fit for investors looking for a great property in to invest their cash to receive unparalleled returns with enormous cashflow, due to 6 separate renting spaces. In a very popoular & high demand area of Newcastle-Upon-Tyne with capital growth & demand being substantial in recent years. The property currently in use as a 6 bedroom HMO & fully let currently, with typcial huge rents of:

Room 1 - £520
Room 2 - £510
Room 3 - £490
Room 4 - £480
Room 5 - £470
Room 6 - £470

Totalling £2940 Per Calendar Month!

Hanafin Estates are offering an early bird option to a ready buyer as this is only anticipated to be availabe with us for a maximum of 3 weeks (end date 29th July). This is larger inside than a similar property in the street which sold for £410,000 in 2023!

Just be sure to get in touch with your buying positon to be considered & we will ensure you get an opportunity to capitalise & put forward your offer to purchase. We work with investors as our specialism & have done 100s of investment transactions, handling everything from sourcing the property to project management & lettings, so you can be assured you will have an experienced agent on hand to answer any pre-offer quesitons you may have & to arrange a viewing.

Please note: Be sure to move quickly as a property in such a quality area, with the rent this produces will be taken imminently by keen investors!

Description Overview

* High Gross Rent of £2940 pcm currently typical
* High yield of 11%+ possible
* Investor suitable or for someone to convert into a home
* 6 lettable bedrooms - fully occupied
* Attic has been converted to allow for 2 bedrooms on the 2nd floor (unlike other properties in the street with less space & only 2 storey's -one which sold for £410,000!)
* Fully furnished
* Bills included in the current rents for tenants & management in place for smooth handover to new landlord

Spacious High-Yield HMO in Prime Heaton Location!

Calling Investors! This substantial six-bedroom house in the highly sought-after area of Heaton presents a fantastic opportunity to acquire a ready-made HMO (House in Multiple Occupation).

Key Features:

Six Bedrooms: All bedrooms are well-proportioned and come fully furnished, ensuring a smooth transition for new tenants.

Two Bathrooms: Located on the first floor, providing ample facilities for multiple occupants.
Large Reception Room: Perfect for socializing, this impressive space boasts grand high ceilings and stylish furnishings.
Fully-Equipped Kitchen: With ample storage and white goods included, this space caters to all your tenants' needs.
Private Rear Yard: Offers a relaxing outdoor area and comes with a handy shed for additional storage.
Excellent Location: Situated in the popular Heaton district, this property benefits from close proximity to local amenities and transport links.
Currently Tenanted: This is a thriving HMO generating immediate income, perfect for investors seeking a hassle-free turn key investment.

This property is ideal for investors seeking a high-yielding HMO with excellent rental potential. Don't miss out on this fantastic opportunity – Contact Hanafin Estates today to arrange a viewing!

Don't Miss Out!