49/51, Grantham Road, Newcastle Upon Tyne, NE2 1QX

Hive Estates presents an exceptional opportunity to acquire a pair of Tyneside flats located in the highly desirable Sandyford area.

The properties offer a combined six bedrooms, comprising a two-bedroom lower flat and a four-bedroom upper maisonette, both fully licensed and currently tenanted until summer 2026.

Together, the flats generate a total annual income of £32,640 (£21,840 from the upper and £10,800 from the lower), providing a strong gross rental yield of 8.7% and an attractive, ready-made investment opportunity.

Both flats are well configured for shared living, featuring separate kitchens and living rooms, and benefit from a south-facing aspect, allowing plenty of natural light throughout.

The lower flat boasts a spacious kitchen with monochrome tiling, oak effect cabinetry, and grey worktops, with direct access to the rear yard.

The living room offers built-in storage and a feature fireplace, while the master bedroom benefits from a large bay window and original fireplace surround.

The second bedroom is well sized, and the bathroom includes a walk in shower, basin, and WC.

The upper maisonette is arranged over two floors, with a modern kitchen at the rear featuring oak effect cabinets and grey laminate worktops.

The living room offers generous space for both relaxing and dining, complete with built-in storage.

On the first floor, there are two well proportioned bedrooms, one with a bay window, a study room great to use for quite time to get work done, plus a bathroom with a walk in shower, basin, and WC.

The second floor provides two further large bedrooms with Velux windows, creating bright, airy spaces.

Externally, both properties share a rear yard with access to the lane, providing convenient bike and bin storage.

With high tenant demand, strong rental returns, and a prime location close to Sandyford’s shops, cafes, and student hotspots, as well as excellent transport links, this is a superb investment opportunity in one of Newcastle’s most sought-after areas.

Lounge/Diner (4.50 x 3.90 (14'9" x 12'9")) Kitchen (3.30 x 2.55 (10'9" x 8'4")) Bedroom 1 (4.30 x 4.10 (14'1" x 13'5")) Bedroom 2 (3.40 x 2.35 (11'1" x 7'8")) Shower Room (2.80 x 1.05 (9'2" x 3'5")) Lounge/Diner (4.60 x 4.00 (15'1" x 13'1")) Kitchen (3.35 x 2.55 (10'11" x 8'4")) Bedroom 1 (2.90 x 3.78 (9'6" x 12'4")) Bedroom 2 (3.50 x 2.40 (11'5" x 7'10")) Bedroom 4 (2.70 x 6.29 (8'10" x 20'7" )) Bedroom 5 (2.70 x 5.00 (8'10" x 16'4")) Study (2.45 x 2.35 (8'0" x 7'8"))