6 bedroom house in Ingoe Street, Lemington, Newcastle upon Tyne
Newcastle, Tyne and Wear
Property Investor App
Posting for 3+ yearsSee all ads
- 5 hours ago
- Seller Type
- Property Type
- Number Of Bedrooms
Income Producing and Licenced 6 Bedroom HMO
Ingoe Street, Lemington, Newcastle upon Tyne, NE15 8DQ
Purchase Price = £350,000
Finder¢--s Fee = £3,000 + Vat
Current Gross Income = £2,514 pcm = £30,168 per annum
CASHFLOW AFTER ALL THE ABOVE COSTS
Managed = £947 pcm = £11,364 per annum
Self Managed = £1,249 pcm = £12,988 per annum
For a limited time only, we have managed to secure a readymade and income producing six bedroom HMO in Lemington, Newcastle upon Tyne.
* The property has been purposely converted into an HMO with individual electric to each room with top up by card meters in a central meter cupboard in hallway.
* The lounge and kitchen can also be converted into bedrooms with all plumbing and electrics in place subject to building regulation approval.
* All rooms have previously been converted to full kitchenette facilities with electrics and plumbing to provide cooking and sink facilities under planning and building regulation.
The property also benefits from a large plot spanning two terraced streets with planning for a detached dwelling to the rear. It also boasts from a large garden with off street parking.
The property is conveniently situated in a location within proximity to great transportation links, City Centre, local shops, and all local amenities the city has to offer.
Agent: Property Investor App Limited
Agent Ref: 000061020_311
Ad ID: 1434523934
This advertisement and the information related to it are provided and maintained by the advertiser. Gumtree.com is not responsible and can not guarantee the accuracy or completeness of this advertisement. Please note that every advertisement for rent or for sale should at a minimum, display the energy performance rating of the property. See our Flats and Housing Posting Rules for more information.
"Be wary of buyers asking to use 'Gumtree delivery' or 'Payments on Gumtree' for anything other than private cars"
"Gumtree does not offer delivery or payments for anything other than private cars; requests from Whatsapp or SMS could be scams"
1 of 8