21 Myrtle Grove, Wallsend, Tyne And Wear, NE28 6PH
- Unconditional Online Sale
- Offers in Excess of : £330,000
- Bedrooms: 6
- Bathrooms: 6
Fully Licensed 6-Bed All-Ensuite HMO | £46,500 Annual Income | 14.09% Gross Yield | Prime Wallsend Location | Near Newcastle, Employers & Amenities | Professional Tenants | Excellent Metro & Road Links | Regeneration Area | Turnkey Investment
Description
This modern, high-spec, fully compliant 6-bedroom, all-ensuite HMO offers a standout, high-yield investment opportunity in a prime Wallsend location. Fully tenanted by working professionals, the property generates £46,500 in annual rental income, delivering an exceptional gross yield of 14.09% with strong occupancy and reliable cash flow. The all-ensuite configuration, combined with features such as in-room intercom systems, TVs in all bedrooms, dedicated workspaces and hardwired Cat6 connectivity, enhances tenant appeal—particularly among remote-working professionals—supporting sustained demand. Individually wired rooms with sub-metering further support efficient management and cost control. The property also benefits from readily available on-street parking and strong transport connectivity via Metro links to Newcastle, alongside easy access to the A19 and Tyne Tunnel, further strengthening its commuter appeal. Supported by ongoing North Tyneside and Newcastle investment, this asset represents a resilient, high-performing investment with strong income and long-term growth potential in one of the North East’s most in-demand rental markets.
Income Breakdown (Monthly)
| Room 1: £650 PCM |
| Room 2: £585 PCM |
| Room 3: £620 PCM |
| Room 4: £650 PCM |
| Room 5: £695 PCM |
| Room 6: £675 PCM |
| Total Monthly Income: £3,875.00 |
| Total Annual Income: £46,500.00 |
Expenditure Breakdown (Monthly):
| Gas: £200.00 |
| Electric: £200.00 |
| Water: £47.00 |
| Council Tax: £137.00 |
| TV License: £15.00 |
| Broadband: £31.50 |
| Cleaner: £80.00 |
| Management: £465.00 |
| Total Monthly Expenditure: £1,175.50 |
| Total Annual Expenditure: £14,106.00 |
Investment Performance:
| Net Annual Income: £32,394.00 |
| Gross Yield: 14.09% |
| Net Yield: 9.82% |
Committed Sale Process
This property is offered for sale via the HMO X Committed Sale process. Buyers are advised to review the full Terms & Conditions of sale and all documentation contained within the legal pack before making an offer.
If your offer is accepted, a £3,500 reservation deposit will be required to secure the property and remove it from the market. The deposit is not a buyer’s fee and will be credited toward the purchase price on exchange.
Full details of the Committed Sale process are available within the legal pack or from the HMO X team.
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