Myrtle Grove, Wallsend, Tyne And Wear

Under Offer

6 6

£330,000 Guide Price House of multiple occupation for sale

Under Offer

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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.

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.

Gross Yield: 14.09%

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%

Reference: XFG-46855955

Area Description

No area description is available for this property.

Additional Details

Bedrooms: 6 Bedrooms
Bathrooms: 6 Bathrooms
Ensuites: 6 Ensuites
Kitchens: 1 Kitchen
Dining Rooms: 1 Dining Room
Tenure: Freehold
Rights and Easements: Ask Agent
Risks: Ask Agent

Broadband Speeds

Download: 16mbps - 1800mbps
Upload: 1mbps - 1000mbps

Estimated broadband speeds provided by Ofcom for this property's postcode.

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Features

Property Layout – 6 bed, all ensuite HMO, modern, high-spec and fully compliant
Tenant Type – Fully tenanted by working professionals, ensuring strong rental income
Strategic Location – Prime Wallsend location close to Newcastle, major employers and amenities
Transport & Connectivity – Excellent Metro links to Newcastle, plus easy A19 and Tyne Tunnel access
Regeneration Benefits – Ongoing North Tyneside and Newcastle investment driving strong tenant demand
High Rental Income & Strong Yield – Gross annual income £46,500 delivering 14.09% yield

Enquiry

To make an enquiry for this property, please call us on 0330 4415 888, or complete the form below.