This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
£540,000
6 bedroom Mid Terrace Flat for sale, Glenthorn Road, Newcastle upon Tyne, Tyne and Wear, NE2
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Features and Description
- Six Bedroom Maisonette
- Fantastic Investment opportunity
- HMO Licence For 6 Occupants Valid Until September 2028
- Approx. 122sqm/1313sqft Accommodation
- Newcastle City Council, Band B
- EPC Band C
A six bedroom leasehold maisonette offering a rental investment opportunity, currently generating £3,900 per month, equivalent to £46,800 per annum. The property benefits from an HMO licence for six occupants, currently valid until 12th September 2028.
The entrance hall has stairs leading to the first floor, with the accommodation arranged over the upper floors. The property provides six bedrooms, two reception rooms and two bathrooms, together with a modern fitted kitchen.
On the first floor, the bathroom includes a bath with shower over and pedestal wash hand basin, with a separate WC. The second floor shower room provides a corner shower cubicle, WC and pedestal wash hand basin.
Externally, there is a shared north-facing yard to the rear, while parking is available on street. The accommodation extends to approximately 122 square metres/1,313 square feet.
The property is leasehold with 960 years remaining on the lease. Newcastle City Council tax is Band B and the EPC rating is C. The tenancy information provided states rental income of £150 per person per week, with the property tenanted and offering a stated 8.6% yield.
Located just moments from Jesmond’s vibrant café culture, boutique shops, Metro connections, and university campuses, the property is ideally positioned to attract ongoing student demand.
This is a prime opportunity for HMO investors seeking a high-yield, low-maintenance asset in one of Newcastle’s most consistently popular rental locations. With a tenancy in place, professional management, and a long-term HMO licence secured, this property offers both immediate returns and long-term investment stability.
We understand the property is leasehold with 960 years remaining and a peppercorn ground rent.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Glenthorn Road, Newcastle upon Tyne, Tyne and Wear, NE2
Additional Information
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Property refQWD260629
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EPCC
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TenureLeasehold
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Lease length959 years
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Council TaxB
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Local authorityNewcastle Upon Tyne City Council
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Ground RentContact the branch
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Ground Rent ReviewContact the branch
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Service ChargeContact the branch
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Your Move Estate Agents West Denton
Your Move West Denton
130 The Roman Way, West Denton, NE5 5AD
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Borrowing £486,000 and repaying over 25 years with a 2.5% interest rate.
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