Key info
8Bedrooms
2Bathrooms
0 sqmSize
Property description
Strategy: HMO
Full Property Description
8-Bedroom Fully Licensed HMO – Westoe, South Shields
An outstanding opportunity to acquire a fully licensed and compliant HMO in the sought-after area of Westoe, South Shields. This property has successfully operated as a House in Multiple Occupation for the last 10 years and is now offered vacant, fully furnished as seen, providing a true turn-key investment for a new owner.
The property is arranged to provide:
6 spacious double bedrooms, each previously achieving £105 per week
2 single bedrooms, previously let at £95 per week
A fully fitted communal kitchen, complete with appliances and utensils for immediate use
Two modern shower rooms, designed for shared living convenience
Safety and compliance are at the heart of this property:
Smoke detectors installed in every room
A fully functioning fire alarm panel
Emergency lighting certificates and full electrical testing in place
Walls and ceilings fully insulated and soundproofed, ensuring comfort and meeting all regulations
Location is key, and this property is ideally placed just a 3-minute walk from South Tyneside College, making it highly attractive to students and young professionals. South Shields is a thriving coastal town, well connected by metro and bus links to Newcastle and Sunderland, and offers a wealth of local amenities, leisure facilities, and stunning sandy beaches.
With its proven track record, prime location in Westoe, and full compliance, this property presents an excellent investment with strong ongoing rental potential.
Potential Gross Annual Rental Income (based on full occupancy):
6 x Double Rooms @ £105pw = £32,760 per year
2 x Single Rooms @ £95pw = £9,880 per year
Total Potential Income = £42,640 per year
HMO Investments – Yield Guide:
Below 8% → often seen as low for the risk and work involved
10–12% → very solid return in most UK markets
12%+ → considered excellent, especially in high-demand areas
At the asking price of £324,995, this property offers a gross yield of approx. 13.1%, positioning it firmly as an excellent HMO investment.
EPC Rating: D
Sourced reference: 166297901
Location
Disclaimer
Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.
Sales Agent
Browns Estate Agents
South Shields
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