Freehold Victorian terrace with strong student rental demand and immediate income.
7 double bedrooms across three storeys, approx. 1,900 sq ft
Let until July 2026 — immediate rental income of £36,699 pa
Reported gross yield about 9.4% at asking price £390,000
Victorian features, high ceilings, rear yard, majority double glazing
Solid brick walls assumed without cavity insulation — upgrade likely
On-street parking only; limited vehicle space
High local crime and area deprivation — consider management needs
Glazing largely pre-2002; potential for thermal and noise improvements
This Victorian mid-terrace offers a seven-bedroom layout across three storeys, arranged over approximately 1,900 sq ft. Currently let until July 2026, the property is presented as an income-producing investment with a reported annual rent of £36,699 (approximately 9.4% gross yield). High ceilings, period red-brick frontage and some retained character combine with modern touches such as majority double glazing and gas central heating.
Located in a cosmopolitan, student-focused area of Heaton with fast broadband and excellent mobile signal, the house is a short journey to Newcastle city centre and nearby universities. Local amenities are comprehensive — shops, cafes, takeaways, and public transport are all within easy reach — which supports strong rental demand from students and young professionals.
There are important practical considerations: the house sits in an area with higher crime rates and wider deprivation indicators, and parking is limited to on-street. Construction details suggest solid brick walls with no insulated cavity (assumed), and much of the glazing dates from before 2002, so buyers should allow for potential improvement works to upgrade thermal performance and long-term maintenance.
For investors this is a clear, hands-on opportunity: a freehold property already let, offering immediate income with scope to enhance value through targeted fabric upgrades and interior refurbishment once vacant. For owner-occupiers or families, the layout and location suit shared living or multi-room arrangements, but the surrounding neighbourhood characteristics and parking constraints should be weighed carefully.
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