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£650,000 Offers over
Bedrooms
Bathrooms
Hive Estates is delighted to present this exceptional Victorian terraced house, on the desirable St Georges Terrace, which has been converted into two investment properties, offering a combined gross rental yield of 7.45%. The upstairs is a fabulous large 5-bedroom maisonette, with original features and a bay window. The lower is an incredibly spacious ground floor 2-bedroom garden flat, also with original features and a bay window. Both properties are tenanted until 2026, ensuring a secure and profitable long-term income with a rental income of 48,400 per annum.
The five-bedroom, two-bathroom maisonette is perfectly suited for students, featuring five equally sized double bedrooms, a spacious full-width living room with a charming bay window and original fireplace, and a modern kitchen with integrated appliances, a tiled floor, and a generous dining area. The property benefits from two fully tiled bathrooms, each with a bath and separate shower, plus ample on-street parking.
The two-bedroom ground-floor apartment on St Georges Terrace combines period charm with modern convenience. It boasts a bright and spacious living room with a feature fireplace, a modern fitted kitchen with white goods, and two double bedrooms, including a master with an en-suite. The main bathroom features a sleek walk-in shower, and ample storage solutions add practicality. The property benefits from a private front garden and a rear yard with parking and an electric door.
With strong rental yields, prime location, and secure tenancy agreements, this pair of high-performing properties presents an unmissable opportunity for investors looking to expand their portfolio Newcastles most sought-after areas.
Lounge/Diner - 4.70 x 6.16 (155' x 202') -
Kitchen/Breakfast Room - 4.65 x 4.00 (153' x 131') -
Bedroom 1 - 4.35 x 3.50 (143' x 115') -
Bathroom 1 - 2.10 x 2.30 (610' x 76') -
Landing - 9.50 x 2.11 (312' x 611') -
Bedroom 2 - 3.75 x 2.90 (123' x 96') -
Bedroom 3 - 4.80 x 2.85 (158' x 94') -
Bedroom 4 - 4.00 x 4.00 (131' x 131') -
Bedroom 5 - 4.41 x 3.50 (145' x 115') -
Bathroom 2 - 2.75 x 2.40 (90' x 710') -
Landing - 11.73 x 2.00 (385' x 66') -
Lounge - 4.70 x 4.45 (155' x 147') -
Kitchen - 2.80 x 4.00 (92' x 131') -
Bedroom 1 - 3.70 x 2.55 (121' x 84') -
Bedroom 2 - 2.50 x 3.50 (82' x 115') -
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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