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See how verdicts work3-bedroom flat · NE6 5DZ
Sold STCListed 24 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** THREE BEDROOM UPPER FLAT ** NO ONWARD CHAIN ** OWN REAR YARD ** WILL BE SOLD WITH VACANT POSSESSION **Cloud Estates are delighted to present this well-presented three-bedroom upper floor flat located on Simonside Terrace, Heaton.The property currently is styled differently to a three bed flat - with an entrance hallway and stairs to the first floor landing with lots of storage, living room to the front with window seat with storage in the bay window and a dining family room to the rear, lovely fitted kitchen, one bedroom, one home office and a modern bathroom to the rear.The property has its own yard with a mezanine level and lower yard with built in shed to the rear.
Further benefits include gas central heating, double glazing throughout, free on-street parking.
Ideally situated just off Chillingham Road, the property is within close proximity to an abundance of shops, restaurants, cafés, and local amenities.
It is also within walking distance of Chillingham Road Metro Station and benefits from excellent local bus routes providing easy access to the City Centre.Contact Liane at Cloud Estates today to arrange a viewing!Please NB.
The property is currently tenanted but it will be sold with vacant possession.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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 Simonside Terrace, Heaton Newcastle Upon Tyne
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