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£220,000 Offers over Mortgage options

5 bedroom maisonette for sale

Hotspur Street, Heaton, Newcastle Upon Tyne

Sold STC

£220,000 Offers over Mortgage options

5 bedroom maisonette for sale

Hotspur Street, Heaton, Newcastle Upon Tyne

Sold STC

Description

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Property features

  • End terrace 5 bedroom maisonette
  • HMO with licence and planning
  • Good size kitchen complete with all appliances
  • Each bedroom comes complete with double beds, wardrobes and desks
  • Gas central heating and combination boiler
  • Rental yield 8.86%
  • Tenanted until July 2020
  • Sold with all furniture and fixtures
  • Fantastic investment opportunity
  • Gross yield of 8.86%

Nearest stations

Byker (0.5mi.)
Yellow Line
Jesmond (0.6mi.)
Green Line
Yellow Line
Manors (0.6mi.)
Yellow Line

Nearest schools

school icon  Hotspur Primary School (0.1mi.)
Good
school icon  St Catherine's RC Primary School (0.3mi.)
Good
school icon  St Teresa's Catholic Primary School (0.5mi.)
Outstanding

Property description

Hive Estates presents to the market this 5 bedroom end of terrace HMO maisonette situated in the popular area of Heaton. Tenanted until July 2020, this fully licensed property is set over 2 floors and has planning for it to be let to multiple tenants.

In excellent condition throughout having been well maintained by the current owner and landlord, at the front of the property you have two good sized bedrooms which come with double beds, wardrobes, matching draws and desks. There are two newly renovated bathrooms on this floor, both with fully tiled walls and enclosed showers. Each has a hand wash basin and matching WC, with heated towel radiators and contemporary vinyl flooring.

The living room is spacious and complete with two sofas, solid oak dining table and four chairs, matching coffee table and TV unit with LCD TV. There is a window overlooking the rear yard, and a door into the kitchen. The kitchen comes with white goods, including a fridge freezer, washing machine, oven and hob with extractor hood and is tiled. Theres as stainless steel sink and drainer with a large double glazed window also overlooking the rear yard. Theres a private door with stairs to the yard and lane for refuse and additional parking. Theres plenty of on street parking on the front street too. On the second floor there are a further three good size bedrooms with an additional spare double bedroom which is currently being used as a guest room.

This property represents an ideal investment opportunity for a landlord looking for a substantial buy to let investment. Currently tenanted out till July 2020 with a rental income of £1625.00 per month giving a gross yield of 8.86%.

This property is perfect for sharing student or professional tenants or can be rented out on a room by room basis. Hotspur Street is in a popular area of Heaton, and is on the Number 1 bus route and is walking distance to both Heaton Road and Chillingham Road along with both Newcastle and Northumbria Universities. The property has double glazing with Velux windows on the second floor and has a gas combination boiler and central heating system.

Lounge - 4.40 4.50 (14'5" 14'9") -

Kitchen - 3.53 2.15 (11'6" 7'0") -

Bedroom 1 - 4.40 3.35 (14'5" 10'11") -

Bedroom 2 - 3.10 3.45 (10'2" 11'3") -

Shower Room - 2.00 2.30 (6'6" 7'6") -

Bedroom 3 - 2.42 3.45 (7'11" 11'3") -

Bedroom 4 - 3.45 3.35 (11'3" 10'11") -

Bedroom 5 - 2.40 3.40 (7'10" 11'1") -

Bedroom 6 - 3.40 3.35 (11'1" 10'11") -

Property information from this agent

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Map

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Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Street view is not available at this location

Floor plans

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Call 0191 686 1579

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Property reference 29212010. 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. This property advertisement does not constitute property particulars. The information is provided and maintained by Hive Estates - Newcastle upon Tyne. Please contact the property advertiser directly to obtain any information which may be available under the terms of 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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