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Tosson Terrace, Heaton, Newcastle Upon Tyne - Image 1
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Tosson Terrace, Heaton, Newcastle Upon Tyne

North East

£200,000

Listed on 07/09/2026

The listing

Property details

Bedrooms
5
Type
Maisonette

Description

This spacious five-bedroom upper maisonette is located on Tosson Terrace in the desirable area of Heaton, Newcastle. Recently utilized as an HMO, the property is now ready for modernization and offers significant potential for investors and landlords. The layout includes an entrance hallway leading to a first-floor landing, a living room, and a kitchen equipped with fitted units, an electric hob and oven, and space for essential appliances. The bathroom is conveniently situated through the kitchen, alongside three double bedrooms. A staircase at the back leads to a private rear yard. The upper level hosts two additional double bedrooms and another bathroom. This property is licensed for a maximum of six occupants across five households, with the license being non-transferable, requiring the new owner to apply for a new one. Situated close to various amenities, parks, and transport links, it is an ideal location for both students and professionals. The vibrant surroundings include supermarkets, bistros, restaurants, coffee shops, and schools, making this property a prime investment opportunity. Offered with vacant possession, this maisonette presents a unique chance to capitalize on the local rental market.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

38out of 100
Grade ELow opportunity

Confidence: LOW

This five-bedroom upper maisonette flat offers an appealing opportunity for investors and landlords looking to transform a property into a high-yield rental. While the asking price of £200,000 appears dear against the local average, the potential for strong rental yields over 15% and the desirable location in Heaton provide a solid foundation for value creation. The living room, kitchen, and bathrooms are functional, but they do show some wear, presenting a canvas for updates that can enhance the property's appeal and rental prospects.

With a renovation budget of £40,000 to £80,000, the scope for improvements is considerable. The private rear yard requires minimal maintenance, which adds to the property's attractiveness. Although the property has been previously used as an HMO and requires some updates, it is ready for a new owner to apply their vision and make it a modern living space. Keep in mind that the licensing for HMO use will require a new application, which can be an important detail for prospective buyers to consider.

Key opportunities

  • Transform the flat into a modern HMO to attract students and professionals.
  • Enhance the outdoor space to increase overall appeal and functionality.
  • Leverage the strong rental yield potential in a desirable location.

Key risks

  • Asking price is higher than local average, which could impact resale value.
  • Requires updates before renting, potentially affecting cash flow initially.

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Map

Location

Tosson Terrace, Heaton, Newcastle Upon Tyne
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

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£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£756
Based on a loan of £150,000 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Tax

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