Sold STC
£1,500,000

16 bed for sale in Otterburn Villas, Jesmond, NE2 (ref: 488496)

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Virtual Tour

Virtual Tour

Virtual Tour

Virtual Tour

Virtual Tour

Virtual Tour

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Virtual Tour

**360 Virtual Tour** INVESTMENT OPPORTUNITY - DEVELOPMENT COMPRISING OF 9 APARTMENTS - CURRENT RENTAL INCOME **£92,220 PA**
Brunton Residential are delighted to bring to the market this fantastic investment opportunity located in the highly desirable Otterburn Villas, Jesmond. The development comprises; Three One bedroom apartments, Four Two bedroom apartments & One Three bedroom maisonette. Currently achieving £92,220 PA Rising to £96,240 in 22/23

INVESTMENT OPPORTUNITY - 16 BEDROOM DEVELOPMENT COMPRISING OF 9 APARTMENTS - CIRCA 6.4% YIELD BASED ON 22/23 RENTS
Fantastic portfolio of highly sought after properties in the heart of Jesmond. The property consists of the main block containing apartments 1 - 6 (Eleven rooms in total) and an annexe of three apartments 7 - 9 giving an additional Five-bed space in the Three annexe apartments. Potential scope for adding 3 bedrooms subject to necessary permissions.

Floor Plans and photos of each apartment have been attached and where possible 360 Virtual Tours of the different styles within the building. Contact Brunton Residential on 0191 236 8347 for more information.

1 South BankLet - 26/07/2021 – 25/07/2022 Rent £750.00 Per Calendar Month / 1 Bedrooms

2 South BankLet - 11/07/2022 – 10/07/2023 Rent £850.00 Per Calendar Month/ 2 Bedrooms

3 South BankCurrently rented on a long term let for £695 Per Calendar Month / 1 Bedroom. Limited information available.

4 South BankLet - 24/08/2022 – 23/08/2023 Rent £900.00 Per Calendar Month / 2 Bedrooms

5 South BankLet - 15/07/2022 – 14/07/2023 Rent £1495 Per Calander Month / 3 Bedrooms

6 South BankLet - 04/08/2022 – 03/08/2023 Rent £900.00 Per Calendar Month / 2 Bedrooms

7 South BankLet - 03/09/2022 – 02/09/2023 Rent £950.00 Per Calander Month / 2 Bedrooms

8 South BankLet - 20/09/2021 – 19/09/2022 Rent £525 Per Calander Month / 1 Bedrooms

9 South BankLet - 21/08/2022 – 20/08/2023 Rent £845.00 Per Calander Month / 2 Bedrooms

Disclaimer.The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Rents are currently being paid but are subject to standard AST terms which does not fully guarantee the the income.

Stamp Duty Due

Based on a sale price of £1,500,000 the total amount of stamp duty payable will be:

*

Last updated: The calculator has been updated to reflect changes in stamp duty following the Mini Budget on 23rd September 2022.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.

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Property Images

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7 Southbank (2 bed)

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7 Southbank (2 bed)

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7 Southbank (2 bed)

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7 Southbank (2 bed)

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Apartment 5 (3 bed)

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Further Details

  • Status: Sold STC
  • Reference: 488496

Location