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Cheltenham Terrace, Newcastle Upon Tyne

6 Bed House

£240,000


Overview

Daniel Craig Residential are pleased to bring to the market this investment opportunity.

Suitable as a student or professional let, this impressive 6 bedroom property provides handy access to local amenities on both Chillingham and Heaton Road. It is only a couple of minutes walk from Chillingham Road Metro station and other local transport links into Newcastle city centre, the airport and coast.

Undergone a complete refurbishment in the past 12 months

The property benefits from new boiler, modern fitted kitchen, with oven, hob, fridge freezer, washing machine and dishwasher.

The lounge is bright, with doors to the private walled yard and also has a flat screen TV, 2 shower rooms and 1 full bathroom with overbath shower, 6 double size bedrooms all with flat screen televisions.

The property is currently let until July 2020 bringing in an immediate return on investment
£16,121 PA Rental Income
6.7% Gross Yield

Pre- Let until July 2020
£20.335.68 PA Increased Rental Income
8.5% Gross Yield
This would be an ideal investment.

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