Highlights
A fantastic investment opportunity has arisen with this five-bedroom terraced house situated on Cavendish Place, Jesmond. The eclectic suburb of Jesmond lies close to Newcastle city centre and Jesmond Dene Park. It features bars, restaurants & shopping for all ages from boutique-style shops to top-brand supermarkets. Properties range from Victorian houses and converted flats to new build blocks and stylish apartments.
The property itself briefly comprises; entrance hallway which gives access to the lounge, kitchen with built-in appliances & the first bedroom. Stairs to the first floor allow access to three bedrooms, a bathroom with a vanity sink & WC. Further stairs to the second floor provide access to the last bedroom & a shower room with an electric shower.
Externally, there is a forecourt front garden, rear yard & on-street parking.
The property benefits from double glazing and gas central heating.
The property is currently rented as an HMO to five tenants @ 125pppw until 19th July 2025, giving an annual rent of 32,500, Gross Yield 5.4%. The projected rental income for the year 2025-2026 is 140pwpp given an annual income of 36,400, Gross Yield 6.1%. The vendor also has historical usage of C4 under the Article 4 Direction of Newcastle City Council.
Viewings are highly recommended to appreciate the accommodation on offer.
Entrance Hallway
Lounge - 4.02m ( 13'3'') x 4.34m ( 14'3''):
Feature fireplace, alcoves with built in storage cupboards & shelving, coving and central heating radiator.
Kitchen - 2.97m ( 9'9'') x 2.40m ( 7'11''):
Gloss grey units with white stone effect worktop & upstand, glass splashback, integrated oven, gas hob, overhead extractor fan, washing machine, dishwasher and fridge/freezer. Unit housing central heating boiler and door leading to rear yard.
Bedroom One - 4.78m ( 15'9'') x 3.94m ( 13'0''):
Feature fireplace, bay window, coving and central heating radiator.
Stairs To The First Floor
Bedroom Two - 3.12m ( 10'3'') x 2.92m ( 9'7''):
Central heating radiator.
Shower Room:
Walk in double shower cubicle with glazed screen, basin, part cladded walls and central heating radiator.
WC:
Separate WC with wall mounted hand basin
Bedroom Three - 4.37m ( 14'5'') x 3.12m ( 10'3''):
Bay window, built in wardrobes, coving and central heating radiator.
Bedroom Four - 5.13m ( 16'10'') x 4.00m ( 13'2''):
Built in storage cupboards and central heating radiator.
Stairs To The Second Floor
Bedroom Five - 2.64m ( 8'8'') x 4.75m ( 15'8''):
Attic room with dormer window, built in wardrobes and central heating radiator.
Shower Room:
Shower cubicle with electric shower, WC & wash basin.
Front Garden:
Forecourt front garden.
Back Yard :
With gate leading to back lane.
Additional Information :
We have been advised by the vendor of the following information:-
The tenure of this property is: Freehold
Council Tax band: D
EPC Rating: D
Broadband Checker: Please use the Open Reach website checking service.
Mobile Coverage: Please use the Ofcom website checking service.
Flooding Checker: via the Gov UK website.
If you are purchasing this property as an investment property to rent out, the current minimum energy efficiency rating is E. However from April 2028, the minimum required energy efficiency rating for a rental property will be C.
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