Osborne Road, Newcastle Upon Tyne NE2

Property Details: - Type: Terraced house - Bedrooms: 8 - Bathrooms: 3

Agent: Rook Matthews Sayer - Jesmond Phone: 020 4645 4602

<br/><p>A fabulous opportunity to purchase this substantial house situated on Osborne Road, within the heart of Jesmond, close to local cafes, restaurants and shops and within walking distance of West Jesmond Metro station. <br/>This is a turnkey investment which is ideal for both new and experienced investors looking for an immediate return without further costs. The property currently operates as a fully licensed HMO which is Newcastle City Council Accredited & has a compliant EPC Rating C. <br/>There is an impressive rental income of £155 per person per week (£64,480 per annum) rising to £167.50 per person per week (£69,680 per annum) from 4th July 2026 & it is securely tenanted until the summer of 2027. </p><p>The accommodation occupies over 2195 sq ft and is spread over three floors of this magnificent period property. There are 8 generous bedrooms, communal lounge, well equipped kitchen/diner as well as a bathroom/w.c and two shower rooms/w.c. To the rear there is a private courtyard.</p><p>PRIMARY SERVICES SUPPLY<br/><br/>Electricity: MAINS<br/><br/>Water: MAINS<br/><br/>Sewerage: MAINS<br/><br/>Heating: GAS CENTRAL HEATING<br/><br/>Broadband: CABLE<br/><br/>Mobile Signal Coverage Blackspot: NO<br/><br/>Parking: ON STREET PERMIT PARKING</p><p><strong>MINING: </strong>The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search. Confirmation should be sought from a conveyancer as to its effect on the property, if any.</p> <br/><br/>Council Tax Band: D<br/>Tenure: Freehold