Studio flat · NE6 5XP
To rentListed 44 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***PLEASE BE AWARE APPLICATIONS TO VIEW THIS PROPERTY MUST BE MADE ONLINE.
THE CITY AND SUBURB TEAM WILL NOT BE ABLE TO ASSIST WITH VIEWING REQUESTS MADE OVER THE PHONE*** City and Suburb is delighted to present this amazing ground floor studio apartment situated in the heart of the popular suburb of Heaton.
The flat is part of a development that has been constructed and finished to the highest standard.
The flat has been designed to ensure it has a modern kitchen, can be configured as a dining area or living area and it features some very clever space saving furniture and a smart TV.
The kitchen is finished with a high gloss design kitchen, high efficiency LED lighting, bespoke joiner, modern appliances and a sofa which is part of a wall bed system - all helping to create a comfortable and functional living area.
Within a few seconds and virtually no effort, the wall unit converts into a double bed with a luxury memory foam mattress.
Its an incredibly well designed piece of furniture which can be seen in action at the following link.
There is a storage area within the flat along with a separate, private utility room containing a washer dryer and additional storage space.
The building has also been pre-wired for Virgin Media for ease of setup. A modern shower room completes a superb space in the flat.
This development has been designed to be as energy efficient as possible and installation of solid wall insulation and low energy LED lighting meaning that the day to day running costs will be substantially lower than average.
***PLEASE BE AWARE APPLICATIONS TO VIEW THIS PROPERTY MUST BE MADE ONLINE. THE CITY AND SUBURB TEAM WILL NOT BE ABLE TO ASSIST WITH VIEWING REQUESTS MADE OVER THE PHONE***
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 Meldon Terrace, Heaton, Newcastle upon Tyne, Tyne and Wear, NE6 5XP
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