Summary - 10 MAYFAIR ROAD NEWCASTLE UPON TYNE NE2 3DP
4 bed 1 bath Terraced
Four-bedroom Victorian terrace with established rental income and room to optimise occupancy.
Freehold Victorian mid-terrace close to West Jesmond Metro and local amenities
A four-bedroom Victorian mid-terrace on Mayfair Road offered as a freehold investment in West Jesmond. The property is let until July 2026, producing £22,256 pa (gross yield 6.8%), and sits within easy walking distance of West Jesmond Metro, local cafes and university-linked rental demand. Its period bay windows, high ceilings and a south-facing rear yard give authentic character and tenant appeal.
Accommodation spans two storeys with a reception hall, living room, large kitchen/dining room, ground-floor bedroom, three first-floor bedrooms and a single bathroom. The house benefits from mains gas central heating, double glazing (install date unknown) and traditional solid-brick construction; walls likely lack modern insulation which may affect running costs and future upgrade scope.
This is a clear investment opportunity for landlords targeting student or sharer lets in a cosmopolitan neighbourhood. Current income is stable but there is scope to optimise occupancy numbers subject to licensing and consent. Note the property sits in a high-crime area, has small external space, on-street permit parking only, and only one bathroom for four bedrooms — important factors for management and compliance costs.
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