3 bed flat for sale

Myrtle Grove, Jesmond, Newcastle Upon Tyne NE2

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" ))