* When fully let potential rental income of £3,000 pcm / £36,000 pa.
* 3 of 6 rooms currently let out at £18,000 pa
* Semi Detached 3 storey property
* Potential to increase rental income substantially
* Centrally located to a wide range of local amenities and transport links
* HMO License needs renewing
ACCOMMODATION
DESCRIPTION
A three storey Semi Detached House that has been configured as a six bedroom house in multiple occupation and has operated as a HMO for several years. Three of the rooms are currently rented out and has the has great potential to substantially increase its current income and can generate in excess of £18k per year. Situated in a convenient location at Basford which has easy access to Festival Park and Newcastle Town Centre as well as being well placed for access to the A500
The property requires refurbishment and with popularity of its location the potential for this investment to a new landlord could be significant.
GENERAL INFORMATION
Viewings - Strictly by appointment with the selling agents Keys Estate Agents - call 01782 268422
Valuation - Do you have a property to sell? if so Keys Estate Agents can offer a free valuation, call 01782 268422
Services
We believe all are available.
Tenure
Assumed to be freehold.
Offer Procedure
All offers should be made directly to Keys Estate Agents (01782 345645) and should be made before contacting the bank, building society or solicitor as any delay may result in a sale being agreed to another party and survey/legal fees being unnecessarily incurred.
In compliance with the Estate Agents Order 1991 we are obliged to check into a purchaser's financial situation to qualify an offer and financial arrangements. If you are making a cash offer which is not subject to the sale of a property written confirmation of the availability of funds will be required to qualify your offer.
The agent has not tested any of the equipment, fixtures, fittings or services and so can not verify that they are in working order or fit for their purpose. Legal documents have not been checked by the agents to verify tenure of the property.
Subject to contract. Vacant possession on completion.
Mortgages - If you are seeking a mortgage for a property or require Independent Financial Advice we can provide a free quotation
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