Grantham Road Newcastle Upon Tyne, 21 Bedrooms Block of flats ,Sold (STC)

Grantham Road, Sandyford

Block of flats | Sold (STC)

£1,300,000

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21 Bedrooms
4 Reception Rooms
7 Bathrooms
  • Freehold HMO Block
  • 15 Bedrooms over Four Units
  • £99,580pa rent for 2021-22
  • 7.67% Gross Yield
  • 1no. 4 Bedroom House
  • 1no. 5 Bedroom House
  • 2no. 6 Bedroom Houses
  • Licensed HMOs
  • Comprehensive Full Rental History
  • EPC Ratings C-D
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A tenanted block of 4 HMO houses located in Sandyford, ideal for Newcastle University students. The block is fully pre-let for the 2021-22 academic year providing an annual income of £99,580pa.

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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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Situation

The property is located in Sandyford off Grantham Road in Sandyford, a popular student rental area to the east of Newcastle city centre, also home to several popular independent bars, restaurants and coffee shops. Jesmond’s central retail and entertainment parade on Osborne Road and Acorn Road is a short walk away. Sandyford continues to be a popular location for many students studying in Newcastle thanks to its enviable reputation for offering the perfect mix of lifestyle, convenience and access to the city centre and its Universities. The HMO market in Sandyford traditionally offers prime rents which have benefitted from strong growth in recent years owing to its increase in popularity and location close to Northumbria University and walking distance to both the city centre and Jesmond.

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