6 bedroom house in Ingoe Street, Lemington, Newcastle upon Tyne

Description

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