3-bedroom flat · NE1 2JR
To rentListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
£120 pppw - conveniently located second floor apartment to rent in Rialto Building, City Centre. The property is situated just a short walk away to Northumbria University making it ideal for students.
There are also a number of amenities on offer with bars, restaurants and shops nearby.
The property is comprised of three generous double bedrooms, all of which come fully furnished with double bed, desk and wardrobe. There is an open plan living room and kitchen for a more social feel.
The lounge offering two fabric sofas, coffee table and dining table & chairs.
The modern kitchen provides all the essential appliances including electric oven, large fridge/freezer and a washing machine. There is a bathroom with shower over bath and W/C.
The property further benefits from electric heating, UPVC double glazing and a Juliet balcony. A designated parking bay is also included.
In addition the sitting room carpet will be replaced with wood style laminate flooring and there will be new sofas with new cushions as well as prints and ambient lighting.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About Rialto Building, Newcastle Upon Tyne
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