Whitley Bay, NE26 2NR | Investment Property for Sale | VES-NE26-001

Terraced HMO in Whitley Bay generating £35,460 in rent per annum & a gross yield of 9%


HMO Terraced House




Based on

deposit: £98,750

stamp duty: £21,600

mortgage fees: £1,500

conveyancing fees: £1,000






The property





7 bedrooms

6 bathrooms

4 reception rooms


Partially Furnished

Property information

  • This property contains 6 individual flats, made up of:
    • 1 x 2-bed, 3 x 1-bed and 2 x studios
  • Tenancy types: ASTs
  • Tenancy start dates: varies
  • Tenancy term: periodic
  • Flat 1 is currently vacant
  • EPC rating E
  • Current rents are lower than the market average as the property has longstanding tenants

Rental breakdown

  • Flat 1 - £700 pcm - 2-bed flat with study &1 bathroom, garden and large living/kitchen area
  • Flat 2 - £480 pcm - 1-bed flat with 1 bathroom
  • Flat 3 - £395 pcm – studio flat
  • Flat 4 - £490 pcm - 1-bed flat with 1 bathroom separate kitchen and living space
  • Flat 5 - £375 pcm – studio flat
  • Flat 6 - £515 pcm - 1-bed flat with 1 bathroom separate kitchen and living space
  • Total rent pcm - £2,955
  • Total rent pa - £35,460

Whilst the displayed financials below are market averages, these are the running costs provided by the landlord:

Running costs

  • Council tax: £130 pcm
  • Water bill: £40 pcm
  • Gas & electricity bill: £231 pcm
  • Virgin Wi-Fi bill: £22 pcm
  • TV licence: £12.54 pcm
  • Total cost pcm: £435.54
  • Total cost pa: £5,226.48


Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Whitley Bay / Newcastle

Whitley Bay is a seaside town on the north-east coast of England, approximately 10 miles from Newcastle upon Tyne. One of its most popular attractions is St Mary’s Island, a tidal island and site of a lighthouse, now visitor centre, nature reserve and wetland habitat.

The town is connected to Newcastle via the Tyne and Wear Metro line that runs through the town centre. The journey takes around 25 minutes one way, making this an ideal commuter location.

Newcastle is serviced by Newcastle railway station which lies on the East Coast Main Line and is managed by London North Eastern Railway. London North Eastern operates high-speed inter-city services southbound to London, one of which is a semi-fast train making only 2 stops before arriving at London’s King Cross. There are 3 trains every 2 hours northbound to destinations in Scotland. Crosscountry provides additional services to Scotland to the north and at least 2 trains per hour to Birmingham southbound, from which trains continue to stop all over the south-west and south coast. TransPennine Express provides services to Manchester/Liverpool via Leeds with Newcastle acting as the terminus. Northern also runs several local commuter and regional services to locations in the northeast. Newcastle also benefits from the Tyne & Wear Metro which is an underground railway service connecting Tyne & Wear across two lines and transporting around 37 million passengers per year.

Newcastle is notorious for its buzzing nightlife and was voted in the top three of Tripadvisor Travellers’ Choice Destination Awards for European Nightlife destinations. The Bigg Market and Quayside are at the heart of the pubs, bars and nightclub district and a wide variety of restaurants offering cuisines from across the globe. Newcastle also has a rich history of culture through the arts such as theatre, music venues, museums and galleries. Newcastle city centre has several major shopping areas, the largest of these being the Eldon Square Shopping Centre which boasts over 150 stores and services.

There are many job opportunities in Newcastle city centre and the economy includes many corporate headquarters in fields such as learning, digital technology, retail and tourism. Big employers such as Greggs, Virgin Money, EE, Npower and many more all have their headquarters here. Over 42,000 students that live in Newcastle, spread across the various campuses of University of Newcastle and Northumbria University. This location could also be perfect for a young family looking for local schooling options, with Christ Church CofE Primary in close proximity and offering education to the age of 11. For those that may be looking for further education Gateshead College provides courses, subjects and apprenticeships for those that are 16+.

Grafton Road,

Whitley Bay,

Tyne and Wear,


NE26 2NR

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