2-bedroom flat · NE1 2JS
To rentListed 35 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** AVAILABLE NOW!!
*** TWO BEDROOMS, TWO BATHROOMS *** NEWCASTLE CITY CENTRE *** Cloud Estates present to the rental market this spacious two bedroom, two bathroom apartment in Marconi House on Melbourne Street in Newcastle Upon Tyne.
Located on the second floor. The property is ideally situated within the heart of the City Centre.
Only a short walk away from Newcastle Quayside or the City Centre which has an abundance of shops, amenities and local transport links.
The property comes on a fully furnished basis and briefly comprises of; secure entry system, stairs or lift to the second floor, entrance hallway, one shared bathroom and one en-suite bathroom, two double bedrooms, living room with Juliette balcony and kitchen with integrated appliances including oven/hob, extractor fan, fridge/freezer and the washing machine is located within the utility cupboard.
Further benefits include, double glazing, all electric heating system and modern interior. *Please note there isn't any parking with this property.* Please contact Cloud Estates today for 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.
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 Marconi House, Melbourne Street, Newcastle City Centre
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