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£700,000 Offers over
Bedrooms
Bathrooms
Hive Estates presents a rare opportunity to acquire a pair of Tyneside flats in the heart of Jesmond, offering a combined 9 bedrooms. Comprising a 5-bedroom upper flat and a 4-bedroom ground-floor flat, these fully licensed HMO properties are tenanted until summer 2026 and generate a total 56,800 per annum (31,200 from 90, 25,600 from 92), reflecting a combined gross yield of 8.17%.
Both flats have been thoughtfully designed for shared living, with spacious layouts and high-quality finishes. The upper flat features a well-balanced layout, with two double bedrooms accessed off the main landing leading onto a generous open-plan living area. The kitchen is fully fitted with a breakfast bar island and seamlessly connects to the lounge. To the rear of the flat, there are three further double bedrooms, one contemporary bathroom, a separate shower room, and an additional WC, with an external stair leading to the private rear yard. The flat also benefits from an unconverted loft space, offering potential for further development, subject to the necessary consents.
The ground-floor flat mirrors the same focus on practicality, with a fitted kitchen featuring metro tiling, a breakfast bar island, and contemporary units. The kitchen provides a bright and social living space, with high-quality vinyl flooring and a south-facing bay window. The flat also includes a fully tiled bathroom with a walk-in shower featuring a stone resin tray, a separate WC, and four double bedrooms, each fully furnished with a desk, wardrobe, and individual wall-mounted TV. This flat also includes an adjoining garage, presenting potential for conversion or further development, subject to the necessary consents.
Externally, both flats benefit from private rear yards with rear lane access, offering convenient space for bike and bin storage.
With high tenant demand, strong rental returns, and a prime location near Jesmonds shops, cafes, and student hotspots, this is a rare and compelling opportunity to
Lounge/Diner - 4.45 x 5.77 (147' x 1811') -
Bedroom 1 - 2.65 x 3.55 (88' x 117') -
Bedroom 2 - 3.90 x 2.60 (129' x 86') -
Bedroom 3 - 3.25 x 2.40 (107' x 710') -
Bedroom 4 - 3.25 x 2.40 (107' x 710') -
Shower Room - 1.80 x 3.25 (510' x 107') -
Hallway - 9.44 x 0.95 (3011' x 31') -
Entrance - 6.30 x 1.00 (208' x 33') -
Garage - 4.6 x 2.6 (151' x 86') -
Kitchen/Diner - 5.96 x 4.00 (196' x 131') -
Bedroom 1 - 3.20 x 2.40 (105' x 710') -
Bedroom 2 - 3.40 x 2.40 (111' x 710') -
Bedroom 3 - 2.89 x 2.35 (95' x 78') -
Bedroom 4 - 4.11 x 2.00 (135' x 66') -
Bedroom 5 - 2.90 x 2.50 (96' x 82') -
Bathroom - 2.76 x 1.69 (90' x 56') -
Landing - 3.00 x 2.40 (910' x 710') -
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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