Summary - 62, Shortridge Terrace NE2 2JH
12 bed 5 bath End of Terrace
Two licensed HMOs in central Jesmond delivering strong income and development potential..
Combined 12 fully furnished HMO bedrooms across two flats
Gross rent £73,056 pa; attractive 8.59% gross yield
Tenanted until summer 2026 — income guaranteed but limits vacant possession
South-facing bay windows and open-plan kitchen/living in both flats
Private rear yards with lane access for bikes and bins
Period Tyneside terrace; double glazing fitted post-2002
Maintained to rental/investment standard, not high-end finish
Cavity walls with no additional insulation noted; planning consents required for development
A rare investor opportunity in central Jesmond: two adjoining Tyneside flats offered as a single freehold purchase (62 & 64 Shortridge Terrace). The pair deliver a combined 12 double bedrooms across a 5-bed lower flat and a 7-bed maisonette, fully licensed as HMOs and producing a current rental income of £73,056 pa (8.59% gross yield). Both properties are tenanted on assured arrangements until summer 2026, providing immediate income but limiting vacant-possession flexibility until that time.
Interiors are arranged for shared living with open-plan kitchen/living areas, south-facing bay windows and furnishings in place for every bedroom. The maisonette’s open-plan kitchen/living benefits from a south-facing bay and contemporary finishes including a breakfast bar and monochrome tiling; the ground-floor flat mirrors this practical layout with a bay-front lounge and fitted kitchen. Both flats include private rear yards with lane access for bikes and bins and double glazing installed post-2002.
Known considerations: the properties are maintained to a rental/investment standard rather than high-end finish, and the deep, narrow terrace footprint means internal room sizes vary and external space is limited. Construction is typical early-20th-century cavity wall stock (no added cavity insulation noted). Potential exists for future development or reconfiguration, but any works would be subject to planning and HMO licensing consents. On-street parking only; neighbouring urban townscape views.
7 bedroom maisonette for sale in Shortridge Terrace, Jesmond, Newcastle upon Tyne, NE2 — £475,000 • 7 bed • 3 bath • 1328 ft²
5 bedroom flat for sale in Shortridge Terrace, Jesmond, Newcastle upon Tyne, NE2 — £375,000 • 5 bed • 2 bath • 1027 ft²
7 bedroom terraced house for sale in St George's Terrace, Jesmond, Newcastle Upon Tyne, NE2 — £650,000 • 7 bed • 3 bath • 2888 ft²
7 bedroom terraced house for sale in Forsyth Road, Jesmond, Newcastle Upon Tyne, NE2 — £795,000 • 7 bed • 2 bath • 1830 ft²
3 bedroom apartment for sale in Osborne Terrace, Jesmond, Newcastle upon Tyne, NE2 — £210,000 • 3 bed • 1 bath • 1013 ft²
5 bedroom terraced house for sale in Sunbury Avenue, Newcastle Upon Tyne, NE2 — £600,000 • 5 bed • 2 bath • 1734 ft²
