Seekers are pleased to present this fantastic HMO investment opportunity to the market. This Upper Tyneside flat situated on Fairfield Road, West Jesmond is currently tenanted until July 2024, achieving £16,068 per annum, offering a yield over 6.5% that could be easily increased through targeted works. The location of the property is extremely popular within the local rental market.
The property is very close to local amenities on Brentwood Avenue, as well as West Jesmond Metro station and other local transport links. The flat briefly comprises of: entrance hallway, lounge, kitchen, three bedrooms, bathroom/w.c. There is a private yard to the rear and the property also benefits from gas central heating and double glazing.
Leasehold - 999 years from 21/12/1990 Ground Rent - One Peppercorn Council Tax Band - B