3-bedroom flat
To rentListed 5 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
£150PPPW - Three-bedroom apartment to rent on Myrtle Grove, Jesmond. The property boasts a large living area and contemporary kitchen with fitted appliances.
There are three double bedrooms, all of which come fully furnished with bed, desk and wardrobe. The bathroom offers a shower over bath and is tiled throughout.
Externally there is a yard to the rear of the property and on street permit parking to the front.
The property is in in the heart of all the Jesmond action, with bars, shops and restaurants all within walking distance.
West Jesmond metro station is also only a few minutes’ walk away, which is very handy for those commuting to the City Centre.
The property is furnished to a high standard and benefits from UPVC double glazing and gas central heating throughout. **All property descriptions are assumed correct at time of publication.
Any reference to property details, specifications or other inclusions are subject to change and may be altered at any given time.
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 Myrtle Grove, Newcastle Upon Tyne
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