REF_HKI3149

FOR SALE - HMO

Newcastle Upon Tyne, NE6
6 BEDROOM TERRACED HOUSE 
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Purchase Price:

Estimated Mortgage Payments: 

Currently Tenanted:

Achievable Monthly Rent:

NET Profit (PCM):

EST. NET PROFIT PA: 

YIELD PA :

£160,000

£106 

No 

£1375

£1,008

£12,096

17%

Hotkey Invest are proud to present this fantastic 6 bedroom property in the center of Newcastle Upon Tyne currently utilized as a house of multiple occupancy.

The property comprises of entrance hallway, communal lounge and kitchen. The Kitchen has ample wall and base units and contrasting work surfaces, stainless steel one and a half sink with mixer tap, tiled splashback, a built in electric hob and oven, fridge freezer and washing machine. 

The property has six bedrooms, one bathroom with showers and W/C,  a separate shower room with W/C and another separate W/C. The property benefits from UPVC double glazing and gas central heating. 

The Property also benefits from a double driveway to the front of the property and a gated driveway to the rear. 

the property is located in prime location to all local amenities and transport links. With only a 20 minute walk to the city center and 10 minutes from the River Tyne. 

The property is currently has 5 out of the 6 bedroom's occupied to young professionals. 

This property has been well established for over 18 years. The Vendor has decided to retire and sell on this investment. 

For any more information regarding this property please do not hesitate to contact a member of the Hotkey Invest Team. 

 

KEY FEATURES

 

6 Bedrooms 

City Location 

Private Parking

3 Bathrooms

Partly Furnished 

20 minute walk to city center

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FINANCIALS

(based on single family let)

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DISCLAIMER
IMPORTANT NOTICE: Hotkey Invest trading name for Hotkey Consultancy Ltd for themselves and for the lessors or vendors of this property whose agents they are give notice that:  1. No appliances, services or service installations have been tested and no warranty as to suitability or serviceability is implied. Any prospective purchaser or lessee is advised to obtain verification from their surveyor or solicitor.  2. The particulars are set out as a general outline only for the guidance of the intended purchasers or lessees and do not constitute, nor constitute part of, an offer or contract.  3. All descriptions, calculations, reference to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or lessees should not rely on them as statements or representation of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them before making any commitment to participate.  Calculations have been rounded up or down accordingly. 4. No person in the employment of Hotkey Invest has any authority to make or give any representation or warranty whatsoever in relation to this property.  5. All rentals and prices are quoted exclusive of Stamp Duty, legal and surveyors fees and any other associated purchasers or lessees costs.  6.  Floor plans are indicative only and should not be relied on.  7. The map showing the boundary of the property postcode is indicative only and has not been checked against the legal title so should not be relied on.  8.  All dimensions, floor areas and site areas are only approximate and should not be relied on.  Dimensions are generally maximum room dimensions.  9. Hotkey Invest is not a regulated or licensed investment or financial advisor, therefore please seek independent financial advice.  10. Hotkey Invest is not a property management company for Serviced Accommodation, House of Multiple Occupation, Buy to Let and other, therefore please seek an independent management company before making any commitment to participate.  11. Hotkey Invest cannot be held liable for any losses whatsoever incurred as a result of any decisions made from relying on this report.