Summary - 13 KING JOHN STREET NEWCASTLE UPON TYNE NE6 5XR
5 bed 2 bath Maisonette
Secure, high-yield HMO close to universities and transport links.
- Fully tenanted HMO producing £1,950 pcm (£23,400 pa).
- Strong gross yield of 9.75% at the asking price.
- Five double bedrooms; two bathrooms; neutral, tenant-ready decor.
- Private rear yard suitable for bike storage or outdoor seating.
- 999-year lease; share of freehold; long-term tenure security.
- Small plot and compact overall footprint typical of terraced stock.
- Solid brick construction with assumed no cavity insulation.
- Located in a high-crime area; factor management/safety measures.
A straightforward, income-producing HMO in central Heaton, ideal for buy-to-let investors seeking immediate returns. Fully tenanted until August 2026, the property currently yields £1,950 pcm (£23,400 pa) — a 9.75% gross rental yield on the asking price, delivering secure cashflow from day one.
Arranged over two main floors with additional converted roof accommodation, the maisonette offers five double bedrooms, two bathrooms and a sociable kitchen with integrated dining area. Interiors are neutrally presented and designed for shared living; a private rear yard provides useful bike storage or small outdoor space for tenants.
Key positives are the location — walking distance to Newcastle and Northumbria Universities, Chillingham Road Metro and local amenities — and the long lease/share of freehold with 999 years remaining. Council tax is very cheap, broadband and mobile signals are strong, and the building's Victorian character helps attract students and professionals alike.
Considerations: the property sits in a high-crime area, the plot is small and the building is solid-brick with assumed no cavity insulation, which may affect energy efficiency and running costs. As with many older conversions, there may be ongoing maintenance or improvement requirements to maintain HMO standards and tenant satisfaction. Buyers should budget for periodic upkeep and verify any HMO licensing, safety certificates and compliance requirements.
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