North Terrace Newcastle Upon Tyne, 25 Bedrooms Block of flats ,For Sale

North Terrace, Spital Tongues

Block of flats | For Sale

£1,610,000

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25 Bedrooms
4 Reception Rooms
  • Investment Opportunity
  • 7.78% Gross Yield
  • £125,232pa Rent for 2021-22
  • Excellent University Location
  • 4 Properties
  • 25 Letting Bedrooms
  • Licensed HMOs
  • Comprehensive Rental History
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A tenanted block of 4 HMO properties located in Spital Tongues, ideal for Newcastle University students studying at Dental and Medical schools. The block is fully pre-let for the 2021-22 academic year providing an annual income of £125,232.

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Energy Efficiency Rating

Current
Potential
0
0
(92+)
A
(81-91)
B
(69-80)
C
(55-68)
D
(39-54)
E
(21-38)
F
(1-20)
G

CO2 Rating

Current
Potential
0
0
(92+)
A
(81-91)
B
(69-80)
C
(55-68)
D
(39-54)
E
(21-38)
F
(1-20)
G

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Newcastle Student Market

With in excess of 42,000 full time students across the two world-renowned universities, the student rental market in Newcastle remains as buoyant as ever and continues to attract new investors, drawn in by the strong and reliable income it generates. After much new development in the city centre, catering mainly for International Students, Newcastle’s most convenient suburbs continue to enjoy outstanding occupancy rates from domestic students, along with sustained increases in rents year on year. The NE2 postcode, which incorporates Jesmond, Sandyford and Spital Tongues, dominates the student HMO market, enjoying an enviable reputation for offering the perfect mix of lifestyle and convenience to the universities. Demand is sufficiently strong that many HMOs in the area are let before the Christmas break for tenancies starting the following summer, and command full rent for 52 weeks of the year.

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