Sanderson Road
Jesmond
9
3
1
Offers IEO: £825,000
Key Features
Features
Ideal investment opportunity
9 Bedrooms
Highly sought after location
Spacious accommodation throughout
Established as a 9-bed HMO, fully licensed and compliant with all certificates and regulations.
Property Description
Investment Opportunity: Tenanted Nine-Bedroom HMO in Jesmond, Newcastle upon Tyne
This substantial freehold property, located at 51 Sanderson Road, Jesmond, Newcastle upon Tyne, NE2 2DR, UK, presents a prime investment opportunity as a high-yield, tenanted residential investment with a proven track record of consistent occupancy. The property is currently let, with a running tenancy generating £4,583 per month, secured until the 27th of August 2024. A subsequent tenancy agreement is already in place, at £5,265 per month, commencing from the 9th of September to the 8th of August, aligning with the university academic year and confirming the property's appeal in the student rental market.
Spanning approximately 265m² (2852ft²) and spread across three floors, this well-maintained house comprises nine bedrooms, communal living and dining areas, a fully-equipped kitchen, a lounge, a yard with parking space for multiple cars, and multiple bathrooms. The interior reveals a property that is in good condition, bearing in mind its student accommodation status, with no immediate need for remedial work before a new marketing phase.
Key attributes include:
• Established as a 9-bed HMO, fully licensed and compliant with all certificates and regulations.
• Gas central heating with a combi boiler installed and serviced annually since 2018.
• Smoke, heat, and carbon monoxide detectors fitted throughout, adhering to HMO regulations.
• Recent maintenance includes a periodic roof inspection with tile replacement in late 2023.
• All furniture, electricals, and white goods included, making it a turnkey solution for continued rental.
From a logistical standpoint, the property benefits from mains connections for electricity, gas, water, drainage, telephone, broadband, and TV, ensuring complete tenant satisfaction. The current owners have managed the property directly, with rents paid directly to the landlord's account, which could be continued or managed through an agency as preferred by the new owner.
In summary, 51 Sanderson Road stands as a valuable asset within a vibrant student area, offering immediate return on investment with a robust rental history and future income already secured. It represents a hassle-free addition to any property portfolio with its enduring popularity and zero void history.
For further details, to schedule a viewing, or to discuss the investment potential, please contact the seller's representative, Bradley Hall, at your earliest convenience.
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