Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£850,000 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 12 bedrooms. Comprising a 5 bedroom lower flat and a 7 bedroom maisonette, these fully licensed HMO properties are tenanted until summer 2026 and generate a total 73,056 per annum (31,200 from 64, 41,856 from 62), reflecting a combined gross yield of 8.59%.
Both flats have been thoughtfully designed for shared living, with spacious layouts and high-quality finishes. The maisonette features a well-balanced layout, including a spacious open-plan kitchen and living area with a south-facing bay window. The kitchen is fitted with stylish monochrome tiling, a sleek breakfast bar island, and contemporary units, seamlessly connecting to the lounge, which is finished with carpets and fitted blinds. Each of the seven double bedrooms is fully furnished with a double bed, fitted desk and storage space providing both comfort and practicality for tenants.
The ground-floor flat mirrors the same focus on practicality, including five double bedrooms each furnished with a bed, desk and storage space and a large open-plan kitchen and living area. The lounge benefits from a south-facing bay window, furnished with sofas and a flat-screen TV, seamlessly connecting to a fully fitted kitchen with a breakfast bar island.
Externally, both flats benefit from private rear yards with rear lane access, offering convenient space for bike and bin storage.
End-of-terrace property with dual street frontage, which could present potential for future development, subject to consents. 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 purchase a pair of flats.
Kitchen/Diner - 4.60 x 5.40 (151' x 178') -
Bedroom 1 - 3.25 x 2.80 (107' x 92') -
Bedroom 2 - 3.25 x 2.30 (107' x 76') -
Bedroom 3 - 3.60 x 1.60 (119' x 52') -
Bedroom 4 - 3.80 x 2.77 (125' x 91' ) -
Bedroom 5 - 3.10 x 5.10 (102' x 168') -
Shower Room 1 - 2.40 x 2.24 (710' x 74') -
Shower Room 2 - 1.00 x 1.76 (33' x 59') -
Wc - 1.55 x 0.70 (51' x 23') -
Kitchen/Diner - 4.55 x 3.60 (1411' x 119') -
Bedroom 1 - 2.75 x 2.90 (90' x 96') -
Bedroom 2 - 3.30 x 2.60 (109' x 86') -
Bedroom 3 - 3.30 x 2.40 (109' x 710') -
Bedroom 4 - 3.46 x 2.64 (114' x 87') -
Bedroom 5 - 2.85 x 2.60 (94' x 86') -
Bedroom 6 - 2.70 x 3.70 (810' x 121') -
Bedroom 7 - 2.40 x 3.70 (710' x 121') -
Bathroom - 2.40 x 2.50 (710' x 82') -
Shower Room 1 - 1.30 x 2.00 (43' x 66') -
Shower Room 2 - 1.18 x 1.86 (310' x 61') -
Wc -
Map location is not available for this property.
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
