Hive Estates Limited

Tel: 01912 618500

1 Starbeck Avenue
Sandyford
Newcastle upon Tyne
NE2 1RH

Myrtle Grove, Jesmond, Newcastle Upon Tyne

Offers Over £260,000

3 Bedroom Flat

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

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

3.70 x 4.20 (12'1" x 13'9")

Kitchen

2.60 x 2.55 (8'6" x 8'4")

Bedroom 1

2.40 x 4.50 (7'10" x 14'9" )

Ensuite

1.50 x 2.50 (4'11" x 8'2")

Bedroom 2

4.70 x 2.85 (15'5" x 9'4")

Bedroom 3

3.45 x 3.75 (11'3" x 12'3")

Bathroom

1.50 x 2.50 (4'11" x 8'2" )

Energy Efficiency and Environmental Impact

Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.

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