This property is no longer on the market
9 bedroom terraced house
Key information
Property description & features
- Tenure: Freehold
This substantial freehold property, located at 51 Sanderson Road, Jesmond, Newcastle upon Tyne, NE2 2DR, UK, presents a prime investment opportunity as a high-yield, tenanted residential investment with a proven track record of consistent occupancy. The property is currently let, with a running tenancy generating £4,583 per month, secured until the 27th of August 2024. A subsequent tenancy agreement is already in place, at £5,265 per month, commencing from the 9th of September to the 8th of August, aligning with the university academic year and confirming the property's appeal in the student rental market.
Spanning approximately 265m² (2852ft²) and spread across three floors, this well-maintained house comprises nine bedrooms, communal living and dining areas, a fully-equipped kitchen, a lounge, a yard with parking space for multiple cars, and multiple bathrooms. The interior reveals a property that is in good condition, bearing in mind its student accommodation status, with no immediate need for remedial work before a new marketing phase.
Key attributes include:
• Established as a 9-bed HMO, fully licensed and compliant with all certificates and regulations.
• Gas central heating with a combi boiler installed and serviced annually since 2018.
• Smoke, heat, and carbon monoxide detectors fitted throughout, adhering to HMO regulations.
• Recent maintenance includes a periodic roof inspection with tile replacement in late 2023.
• All furniture, electricals, and white goods included, making it a turnkey solution for continued rental.
From a logistical standpoint, the property benefits from mains connections for electricity, gas, water, drainage, telephone, broadband, and TV, ensuring complete tenant satisfaction. The current owners have managed the property directly, with rents paid directly to the landlord's account, which could be continued or managed through an agency as preferred by the new owner.
In summary, 51 Sanderson Road stands as a valuable asset within a vibrant student area, offering immediate return on investment with a robust rental history and future income already secured. It represents a hassle-free addition to any property portfolio with its enduring popularity and zero void history.
For further details, to schedule a viewing, or to discuss the investment potential, please contact the seller's representative, Bradley Hall, at your earliest convenience.
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*DISCLAIMER
Property reference GSF240008. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Bradley Hall - Gosforth.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on February 4, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on February 4, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on October 28, 2018 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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