Summary - 62, Shortridge Terrace NE2 2JH
7 bed 3 bath Maisonette
Fully let seven-bedroom HMO with strong yield and immediate income in Jesmond..
Fully let seven-bed licensed HMO generating £41,856 pa
Gross yield c.8.81% based on current income
Tenanted until August 2026 — immediate income, limited re-let flexibility
Recently renovated bathroom and contemporary kitchen — lower short-term CAPEX
South-facing bay window and large open-plan kitchen/living area
Large external terrace with rear lane access for bikes/bins
Bedrooms generally compact; room sizes vary from small to average
Assumed cavity walls without added insulation; period property maintenance likely
A rare licensed seven-bedroom HMO in Jesmond producing an immediate income of £41,856 pa (quoted gross yield c.8.81%). The flat is fully tenanted until August 2026, offering predictable cashflow and long-standing letting history in a high-demand student and professional let market. The property has been recently renovated and presents a modern, low-void investment ready for hands-off ownership.
The accommodation includes a large open-plan kitchen/lounge with a south-facing bay window that floods the communal space with light, a contemporary kitchen with breakfast bar, seven furnished double bedrooms with desks and storage, a fully tiled bathroom plus two shower rooms and an extra WC. Externally there is a substantial terrace and rear lane access for bike/bin storage — useful for tenants in an urban setting.
Key positives are the immediate income, 30+ years of unbroken letting history, strong local rental demand and fresh refurbishment reducing short-term capital expenditure. Notable limitations: the property is a small urban plot with generally compact bedrooms, on-street parking only, assumed cavity walls without added insulation, and the existing tenancy runs until August 2026 so any rental re-let or refurbishment changes are constrained until then. Investors should also allow for standard HMO management, licensing compliance and periodic maintenance on a period building.
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