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Falconar Street, Newcastle Upon Tyne

£450,000
Sold STC
Falconar Street 40 Newcastle Upon Tyne NE2 1UY UK
Falconar Street, Newcastle Upon Tyne
Falconar Street 40 Newcastle Upon Tyne NE2 1UY UK
  • £450,000

Features

  • 6
  • 1
  • Council Tax Band C
  • EPC RATING D
  • Freehold
  • Six bedroom HMO mid terrace house
  • Tenanted until July 2025 achieving £35,880pa

Description

This six-bedroom terraced house is now on the market, presenting a lucrative opportunity particularly for investors. The property is currently tenanted until July 2025, offering an immediate return on investment.

Each of the six bedrooms is generously sized, with all rooms featuring a double bed, making it an ideal accommodation for a large group. The house boasts a spacious dining kitchen, perfect for shared meals and social gatherings. Additionally, the property includes a single reception room, exuding a warm and welcoming atmosphere with a charming bay window that invites ample natural light into the space.

Located in a highly sought-after area, the house is in close proximity to Northumbria University Business school and within walking distance to the city centre. Furthermore, it benefits from excellent public transport links, making it easy to access other parts of the city and beyond.

With an EPC rating of ‘D’ and placed within council tax band ‘C’, this property also carries the unique feature of being an HMO (House in Multiple Occupation) terrace house. This type of property is particularly attractive to investors due to its high rental yield potential.

This terraced house is not only an incredible investment opportunity, but also a comfortable and spacious living environment with numerous amenities on its doorstep. Its strategic location and well-thought-out features make it a highly desirable property for any potential investor.

PRIMARY SERVICES SUPPLY
Electricity: MAINS
Water: MAINS
Sewerage: MAINS
Heating: MAINS GAS CENTRAL HEATING
Broadband: ADSL
Mobile Signal Coverage Blackspot: NO
Parking:  ON STREET PARKING

MINING: The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.  Confirmation should be sought from a conveyancer as to its effect on the property, if any.

Downloads

Property Documents

Energy Performance Certificate

Overview

  • Residential
  • Property Type
  • 6
  • Bedrooms
  • 0
  • Bathroom

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