House Of Multiple Occupation in Newcastle

£340,000

London Road, Newcastle, ST5 1ND, Newcastle

UNDER OFFER

House Of Multiple Occupation for sale in Newcastle, London Road, Newcastle, ST5 1ND, 1658 m²

London Road, Newcastle, ST5 1ND, Newcastle

£340,000

1658
Type: House Of Multiple Occupation

Description

Please quote REF: AM1295 for all enquiries

A fully licensed excellent 6-bedroom HMO investment opportunity, ideally located in Newcastle-under-Lyme, just 0.3 miles from the Royal Stoke University Hospital. This prime positioning has ensured consistently high occupancy levels, with strong demand from NHS professionals.

The property was developed in 2021 to a high standard by reputable local developers and has been carefully designed to maximise rental appeal and long-term performance. The accommodation comprises five self-contained studio rooms, each with en-suite shower rooms and kitchenettes, along with one additional en-suite bedroom. A modern communal kitchen/diner provides further functionality and tenant convenience.

Currently producing a gross income of £43,000 per annum, the property offers an attractive gross yield of 11.94%, making it a compelling, income-focused investment. The asset is professionally managed by a local managing agent, allowing for a truly hands-off investment from day one.

With strong fundamentals, proven rental performance, and a location driven by year-round tenant demand, this HMO represents a low-risk addition to any residential investment portfolio. Full financial details are available on request.

Location

London Road, Newcastle, ST5 1ND, Newcastle

Data

Object TypeHouse Of Multiple Occupation
Purchase Price£340,000
Living Space1658 m²
Plot SizeN/A
Bathrooms6
Construction YearN/A
ConditionNot specified
Rooms7

Contact Agent

Listing Agent