Summary - 12 CHESTER CRESCENT NEWCASTLE UPON TYNE NE2 1DH
7 bed 2 bath Terraced
High-yield student investment near university, ready for energy upgrades and managed tenancy.
- Seven double bedrooms arranged as an HMO, currently let until Summer 2027
- Strong current rent: £47,320pa rising to £49,140pa for 2026/27
- Large front garden—rare for city terraced homes
- Solid brick Victorian build with period features and high ceilings
- EPC rating D; likely requires insulation/efficiency improvements
- High local crime level; factor into management and insurance costs
- Council tax band C; freehold tenure
- On-street permit parking; no off-street parking available
A substantial three-storey Victorian mid-terrace arranged and managed as a seven-bedroom HMO, currently let until Summer 2027. The property produces strong headline rental income and sits in a popular student/cosmopolitan neighbourhood close to Northumbria University and Newcastle city centre, supporting continued high demand from renters.
Internally the house offers seven double bedrooms, a large reception room, two bathrooms and a light-filled kitchen with breakfast area. Original period features, high ceilings and bay windows give character while the generous front garden is uncommon for this location and adds tenant appeal.
Key investment facts are clear: freehold tenure, EPC rating D and council tax band C. The building is solid-brick (likely no wall insulation as built) and may benefit from energy-efficiency upgrades to improve running costs and future marketability. A local mining search is advised given regional history.
Considerations for buyers: the property sits in a high-crime area (local data) and is let on assured occupancy through Summer 2027, so purchasers should plan for managed tenancies and staggered refurbishment works. On-street permit parking restricts resident parking but public transport links and local amenities are excellent.
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