7 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Freehold
- Tenanted HMO
- Seven bedrooms
- Let until summer 24
- Advertised at £115pppw for 24/25
Investment Opportunity in Jesmond: Seven Bedroom HMO on Granville Gardens
Discover a prime investment opportunity with this seven-bedroom House of Multiple Occupancy (HMO) located on Granville Gardens in Jesmond. Currently let out until the summer of 2024 with rents due to increase and this property will be advertised at £115 per person per week (£3,488 per calendar month) for the student season of 2024/25, the potential for growth is evident. This HMO presents a lucrative prospect with room for rent increases that surpass local market trends.
Exploring the Potential: Not only does this property offer attractive rental returns, but it's also part of a broader investment opportunity. Our portfolio includes multiple HMOs that will soon be available for purchase. If you're considering acquiring a portfolio of properties, please don't hesitate to reach out to our office for comprehensive information and to discuss your options further.
Invest wisely and secure your stake in the thriving Jesmond property market. With its ideal location and income potential, this HMO on Holly Avenue is a promising choice for seasoned investors and those looking to expand their property portfolios.
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Property reference GRT_GRT_LFSYCL_815_991311535. 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 Greetham Gilbert - Jesmond.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 27, 2021
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 December 27, 2021
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 12, 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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