5-bedroom flat
To rentListed 6 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
£152.50PPPW - This spacious, modern five bedroom house is available to rent on Myrtle Grove, Jesmond.
The property is situated within close proximity to Northumbria University with Newcastle City Centre not far beyond.
There are a number of amenities available with shops, restaurants and bars only a few minutes walk away. For those commuters, Jesmond metro station is nearby.
The property has been furnished to a high standard and comprises of five double bedrooms all complete with bed, desk and wardrobe.
The spacious lounge has two large leather sofas and the kitchen just runs off it with all essential appliances included dishwasher & Washer/Dryer.
There are two bathrooms present in the property with shower over bath. The property further benefits from gas central heating throughout and for those with cars, there is permit parking available.
**photos are of comparable property to show finish**
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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 Myrtle Grove, Newcastle Upon Tyne
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