Summary - 17 Granville Court NE2 1TQ
12 bed 3 bath Terraced
Turnkey multi-let with strong student demand near major universities.
Projected 2026/27 rent £93,600 across three self-contained HMOs
An expansive Victorian mid-terrace in Jesmond currently configured as three self-contained student HMOs, offering 12 bedrooms across three apartments and a projected 2026/27 rental income of £93,600. The freehold asset sits in the NE2 postcode close to Newcastle and Northumbria universities, giving immediate access to a large, stable student tenant pool and strong demand for purpose-built student accommodation.
Period features include high ceilings, bay windows and a stone facade that give genuine character and lettable appeal. The building’s scale provides management and cost-efficiency advantages for an investor operating multiple units, and the property’s location on a tree-lined street keeps it well-connected to local shops, transport and city amenities.
Buyers should note material issues: the property is an older 1930s build with assumed uninsulated cavity walls and evidence of general age-related wear. The overall internal size is small for twelve bedrooms (total area stated as 754 sq ft), so room layouts may be compact and certain rooms may require reconfiguration or refurbishment to meet modern HMO expectations. Crime levels in the area are reported above average, and broadband speeds are only average — both factors to consider for tenant experience.
This is a turnkey HMO income opportunity with clear upside through targeted refurbishment, energy performance improvements, and professional management. It suits investors seeking immediate cashflow from student lets, though prospective buyers should budget for upgrade works and confirm exact room sizes, compliance with HMO licence conditions, and running costs before purchase.
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