Myrtle Grove, Jesmond, Newcastle Upon Tyne
- £260,000 Offers Over
- 3 bedrooms
- 2 bathrooms
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- Prime location in the heart of Jesmond, close to shops, cafés, and nightlife
- Strong investment with £1,885 PCM (£22,629 PA) income
- Impressive 8.70% rental yield
- Tenanted until August 2027 for secure, immediate returns
- Three fully furnished double bedrooms with beds, storage, desks, and chairs
- Principal bedroom with private en-suite
- Modern main bathroom with shower over bath, basin, and WC
- Bright open plan kitchen/lounge with patio doors to private rear yard
- On street parking in a highly sought after area
- Investors only
About this property
Hive Estates presents this exceptional three bedroom flat in the heart of Jesmond, a superb investment opportunity. The property currently generates a strong rental income of £1,885 per month (£22,629 per annum), delivering an impressive yield of 8.70%. Tenanted until August 2027, it offers immediate, secure income with excellent long term growth potential, making it a high performing addition to any portfolio.
Located on Myrtle Grove, the property benefits from a prime position just moments from West Jesmond Metro, as well as Jesmond’s vibrant selection of cafés, restaurants, and nightlife.
The accommodation comprises three spacious double bedrooms, each fully furnished with a double bed, wardrobes, drawers, desk, and chair, and finished with comfortable carpeting, perfectly suited to professional or student tenants. The principal bedroom further benefits from a private en-suite, complete with a shower, wash basin, and WC. A separate main bathroom is fitted with a shower over bath, WC, and wash basin, finished in a modern style.
An open plan kitchen and lounge provides a bright, sociable living space, enhanced by patio door leading directly out to a private rear yard.
Additional benefits include on street parking, adding further convenience in this highly sought after location.
Lounge
Metric: 3.70 x 4.20
Imperial: 12'1" x 13'9"
Mixed: 3.70 x 4.20 (12'1" x 13'9")
Kitchen
Metric: 2.60 x 2.55
Imperial: 8'6" x 8'4"
Mixed: 2.60 x 2.55 (8'6" x 8'4")
Bedroom 1
Metric: 2.40 x 4.50
Imperial: 7'10" x 14'9"
Mixed: 2.40 x 4.50 (7'10" x 14'9" )
Ensuite
Metric: 1.50 x 2.50
Imperial: 4'11" x 8'2"
Mixed: 1.50 x 2.50 (4'11" x 8'2")
Bedroom 2
Metric: 4.70 x 2.85
Imperial: 15'5" x 9'4"
Mixed: 4.70 x 2.85 (15'5" x 9'4")
Bedroom 3
Metric: 3.45 x 3.75
Imperial: 11'3" x 12'3"
Mixed: 3.45 x 3.75 (11'3" x 12'3")
Bathroom
Metric: 1.50 x 2.50
Imperial: 4'11" x 8'2"
Mixed: 1.50 x 2.50 (4'11" x 8'2" )
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