Summary - Apartment 4, 24 Akenside Terrace NE2 1TN
5 bed 5 bath Terraced
**Standout Features:**
- Unique investment opportunity: Five-bedroom terraced house converted into three self-contained apartments.
- Prime Jesmond location, close to bars, restaurants, shopping, and Newcastle City Centre.
- Ground-floor duplex: two levels with lounge, kitchen/dining area, two en-suite bedrooms, utility room, and separate WC.
- First-floor apartment: living room, kitchen, two bedrooms, shower room, and bathroom.
- Top-floor apartment: living room, kitchen, one bedroom, and bathroom.
- Double glazing and gas central heating for comfort.
- Current rental income potential totaling approximately £40,500 per annum.
**Summary:**
This rare five-bedroom terraced house on Akenside Terrace in the heart of Jesmond presents a lucrative investment opportunity. Split into three distinctive apartments, this property is perfectly positioned within a vibrant, cosmopolitan neighborhood, continually sought after by students and professionals alike. The spacious ground-floor duplex offers a modern living experience with an inviting lounge and en-suites, while the upper apartments maintain their charm with ample living space and functionality.
Investors will appreciate the established rental potential, with current rents totaling £40,500 annually, ensuring immediate cash flow. The property also features delightful outdoor areas—a block paved forecourt at the front and a private yard in the back, enhancing its appeal.
However, it's important to note that it was constructed before 1900, which may require future maintenance and renovations; interested buyers should take this into account when considering their investment. The area has a reputation for high crime, making it essential for potential residents to feel secure in their living environment. With a blend of traditional Victorian design and modern utility, this unique property invites you to envision its considerable potential—act quickly; opportunities like this in Jesmond are rarely available for long!
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