5 bed terraced house for sale

Ripon Gardens, Jesmond Vale, Newcastle Upon Tyne NE2

Bowson are pleased to present this five-bedroom HMO investment property over three floors, ideally located in Jesmond Vale, one of Newcastle’s most popular and well-established student residential areas.

Situated in NE2, the property enjoys a prime position within walking distance of Osborne Road, local shops, and cafés, with excellent transport links to Newcastle City Centre and both Newcastle and Northumbria universities.

This location consistently attracts strong student demand year after year, with over 10 years of continuous use, supporting stable occupancy and consistent rental performance.
The property provides immediate rental income at £120 pppw until September 2026, with new tenants secured and signed on a joint AST for the following semester at £130 pppw, offering a secure and reliable investment return.

Internally, the accommodation is well-proportioned and thoughtfully laid out, briefly comprising:
Entrance lobby
Generous communal lounge
Spacious fitted kitchen with ample storage and preparation space
Downstairs W/C
Access to a private rear garden with a garage shutter for private parking
To the first floor: Four double bedrooms and large bathroom with walk in shower, w/c and stand alone bath.
The top floor comprises an attic room suitable as a fifth bedroom.

All bedrooms are furnished for student living, and the property is presented in a neutral, durable finish designed for long-term occupancy.

Externally, the property benefits from a rear yard and ample on-street parking to the front, which does not require a permit.

Investment Overview
Annual Rent: £33,800
Rent per Person per Week: £130 pppw
Tenancy: Student AST in place until August 2027
Contract Length: 11 months
Occupants: Five students
Property Type: Terraced house
Bathrooms: Two
Furnishing: Fully furnished, sold as seen

Tenure: We have been advised by the vendor the property is Freehold