Studio flat · NE10 9BP
To rentReduced £50 (−8%) on 7 OctListed 104 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
MAIN DESCRIPTION Located beside Asda supermarket in Felling, this old warehouse has been converted into thirteen self contained studio flats.
Offered on a partially furnished basis the accommodation boasts double glazing and electric heating. Briefly comprising hallway, living room /kitchen / bedroom also separate shower room.
The property also boasts a communal laundry room and a newly fitted communal kitchen / dining space with additional WC. Off street parking is also available.
The rent also includes £40 electricity allowance, high speed wi fi, council tax and water bills. The accommodation is in close proximity to local shops and excellent road links.
Good frequent bus routes linking to the local Metro stations for any potential purchasers needing to commute.
Felling is approximately one mile South East of Newcastle City centre which offers an array of leisure facilities including theatres, bars and restaurants.
ENTRANCE HALL 7' 0" x 4' 4" (2.138m x 1.343m) Fitted carpet and neutral décor. LIVING / DINING 17' 9" x 10' 5" (5.428m x 3.190m) A well proportioned room with neutral décor and fitted carpet.
Warmed via an electric wall heater and double glazed window with blind overlooking the front elevation.
The coffee station has wall and base units with contrasting worktops with splash backs and space with under bench fridge. This area has fitted vinyl flooring.
SHOWER ROOM 6' 1" x 6' 7" (1.866m x 2.007m) The shower room comprises shower cubical with electric shower, pedestal hand basin and low level WC.
PVC walls and ceiling, vinyl flooring and extractor fan. Fitted wall mirror. COMMUNAL LAUNDRY Washing machine and tumble dryer available on ground floor and first floor.
COMMUNAL KITCHEN A recently fitted communal kitchen with wall and base units, slot in cooker, sink and drainer unit and ample space for a table and chairs. Communal WC EXTERNALLY Parking available.
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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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

FAQ
About Parkside, Park Row, Felling Central, Felling, Gateshead
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