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Malcolm Street, Heaton, Newcastle Upon Tyne

PROPERTY TYPE

Maisonette

BEDROOMS

5

BATHROOMS

3

SIZE

1,197 sq ft

111 sq m

Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • Fantastic 5 bedroom HMO investment
  • Fully renovated in 2021 to a luxury standard
  • Fitted kitchen with integrated appliances
  • Breakfast bar with feature lighting
  • Five generous rooms, two with ensuites
  • Modern tiled bathrooms
  • Fully furnished, tenanted and managed
  • An investment opportunity with a rental yield of 11.7%
  • Popular residential location, walking distance to City Centre
  • Clost to local shops, cafes and transport links

Description

Hive Estates welcomes to the market this high specification five bedroom HMO investment, located on Malcolm Street in Heaton. With a gross yield of 11.7% it represents a fantastic investment opportunity. Benefitting from a recent full renovation in 2021, it has an open plan layout, modern décor and five spacious rooms complete with full luxury furnishing.

Once inside, stairs immediately lead you up to the first floor. The landing is generous, providing direct access to three double bedrooms, shower room, open plan lounge/kitchen and stairs to the second floor. Through to the lounge, well-sized, with a large window to allow for natural light, the room progresses through to the kitchen/dining area. Practical in design, with a long breakfast bar, trendy bar stools and elegant hanging pendant lights, creating a stylish and contemporary living space. Fully fitted with grey and wood effect cabinetry and integrated appliances including an oven, microwave, range hob, dishwasher and washer/dryer. Continuing up to the second floor are two further bedrooms, both with en-suites. All five bedrooms are large and modern, adding a touch of sophistication to the space, creating a welcoming atmosphere. All shower rooms are part-tiled and are equipped with a chrome towel radiator, fitted vanity sink, WC and a large shower.

This property offers a fantastic rental yield of 11.7%, making it an attractive investment opportunity. It comes fully furnished, complete with all luxury furnishings and decor. The property is fully tenanted with professionals in each bedroom, and is offered fully managed by Hive Estates. In a superb location, close to Heaton Park and Jesmond Dene, with close proximity to shops, cafes and transport links.

Kitchen - 5.80 x 2.00 (19'0" x 6'6") -

Lounge - 4.60 x 3.90 (15'1" x 12'9") -

Bedroom 1 - 3.15 x 6.01 (10'4" x 19'8") -

Ensuite 1 - 1.20 x 1.70 (3'11" x 5'6") -

Bedroom 2 - 2.67 x 5.65 (8'9" x 18'6") -

Ensuite 2 - 1.20 x 1.70 (3'11" x 5'6") -

Bedroom 3 - 3.45 x 2.45 (11'3" x 8'0") -

Bedroom 4 - 2.75 x 3.15 (9'0" x 10'4") -

Bedroom 5 - 2.5 x 3.19 (8'2" x 10'5") -

Shower Room - 1.20 x 2.25 (3'11" x 7'4") -

Brochures

Malcolm Street, Heaton, Newcastle Upon TyneBrochure
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Malcolm Street, Heaton, Newcastle Upon Tyne

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Byker Metro Station0.5 miles
  • Jesmond Metro Station0.6 miles
  • Manors Station0.8 miles
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About the agent

Hive Estates, Newcastle upon Tyne

1 Starbeck Avenue Sandyford Newcastle Upon Tyne NE2 1RH

Hive Estates, Newcastle upon Tyne

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Disclaimer - Property reference 33232388. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hive Estates, Newcastle upon Tyne. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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