2-bedroom flat · ST5 9JZ
Listing removedListed 146 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FURNISHED 2 BED FLAT.
Martin and Co are pleased to offer this 2 bedroom furnished first floor flat located in a popular area ideally situated close to Newcastle town centre and all local amenities, schools and bus routes.
The property comprises a lounge, separate kitchen breakfast room, shower room, 2 bedrooms and parking to the rear. ENTRANCE HALL Tiled flooring, wall mounted radiator.
SHOWER ROOM White suite comprising of WC, wash hand basin with vanity unit below, shower. Heated towel rail, tiled floor, UPVC obscure Double Glazed window.
KITCHEN Fitted kitchen comprising of a range of base units with worktops over, wall unite, free standing electric cooker, table and chairs, UPVC Double Glazed window, under stairs storage cupboard.
STAIRS Carpeted flooring. LIVING ROOM Carpeted flooring, wall mounted radiator, UPVC Double Glazed window. Various items of furniture.
BEDROOM ONE Double bedroom with carpeted flooring, UPVC Double Glazed window, wall mounted radiator, various items of furniture.
BEDROOM TWO Double bedroom with carpeted flooring, UPVC Double Glazed window, wall mounted radiator, various items of furniture.
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
FAQ
About Milehouse Lane Newcastle
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