2-bedroom flat · NE1 3AJ
To rentListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideally located between Newcastle’s Quayside and the city centre, The Forge offers modern and spacious apartments with well apportioned open plan kitchen / dining space.
Our dedicated onsite team are on hand the help with any queries.
A thoughtfully designed second floor, south-facing two bedroom apartment that features a bright kitchen/dining area and adjacent living space.
The double bedrooms, both of which are en-suite, come equipped with floor-to-ceiling wardrobes and provide ample space for any additional furniture you may have.
The property also comes fully furnished with a stylish, contemporary furniture pack and is inclusive of white goods for added convenience.
Proudly owned and managed by Grainger plc, the UK’s leading provider of modern rental homes, residents will enjoy unparalleled expertise and professionalism.
Our commitment to exceptional customer service includes dedicated onsite management, as well as responsive repairs and maintenance teams to ensure your living experience is seamless.
Photos depict a similar unit within the same development. Please reach out to our team for additional details.
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.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
FAQ
About The Forge, Newcastle Newcastle upon Tyne NE1
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