2-bedroom flat · NE10 9HE
To rentReduced £20 (−3.2%) on 7 OctListed 60 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
IRent is delighted to bring to the market this well-presented 2-bedroom ground-floor flat, offering comfortable and practical accommodation throughout.
Key Features: Two bedrooms Bright and spacious living room Kitchen Bathroom Ground floor accommodation Double glazed windows Gas central heating Convenient residential location The property offers a practical layout with comfortable living space, making it an ideal home for a couple, small family or working professionals.
Situated on Springfield Terrace in Felling, the property is conveniently located for local shops, schools and everyday amenities, with good transport links into Gateshead, Newcastle City Centre and surrounding areas.
The property also benefits from being within easy reach of Felling town centre and the wider Tyne and Wear transport network. Contact us today to arrange a viewing!
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 7, Springfield Terrace, Felling
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