Sandyford Road Newcastle Upon Tyne, 64 Bedrooms Block of flats ,For Sale

Sandyford Road, Jesmond

Block of flats | For Sale

£3,750,000

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64 Bedrooms
10 Reception Rooms
10 Bathrooms
  • 7.61% Gross Yield
  • £285,272pa rental income due 2021-22
  • Jesmond Location
  • 10 Properties (Houses and Apartments)
  • 64 Letting Bedrooms
  • Off-street Parking
  • Licensed HMOs
  • Comprehensive Rental History
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A tenanted block of 10 HMO properties located in Jesmond, an extremely popular location for undergraduate students. The block is 95% pre-let for the 2021-22 academic year and will provide an annual income of £285,272 when fully booked.

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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 Student Accommodation market continues to thrive as more and more investors appreciate the counter-cyclical nature of the asset class. In times of recession and fewer employment prospects, many turn to higher education to improve their employability, which has the direct effect of increasing the demand for accommodation around universities.

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