5-bedroom flat · NE1 8XG
To rentListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available July 2027 | £165 per person per week | Hive Estates presents to the rental market this first floor flat featuring its own private roof terrace to the rear.
With five large double bedrooms, two shower rooms and an open plan kitchen living room, it's perfect for a group of five students looking for modern and luxurious city centre living.
All bedrooms are fully furnished with bespoke built-in wardrobe and desk units featuring standard and usb sockets, ample shelving and storage.
Each bedroom includes a wall-mounted TV and an ottoman double bed offering even more storage space.
Both shower rooms are fully tiled in modern designer styles with large shower enclosures, wash hand basins and WCs.
The kitchen is fully integrated with all appliances including a dishwasher and washer dryer and the living room features a large wall-mounted smart TV.
The rear wall leading on to the roof terrace is fully glazed, allowing for lots of light and a great city view.
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 Picton Manor, Newcastle upon Tyne
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