2-bedroom flat · NE6 5BY
No longer listedListed 36 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***PLEASE BE AWARE APPLICATIONS TO VIEW THIS PROPERTY MUST BE MADE ONLINE.
THE CITY & SUBURB TEAM WILL NOT BE ABLE TO ASSIST WITH VIEWING REQUESTS MADE OVER THE PHONE*** We are pleased to present this lovely two-bedroom, ground floor property to the rental market.
The fully fitted kitchen, two double bedrooms and modern shower room make this an elevated space for young professionals to call home.
The property has double glazed windows throughout and there is a yard to the rear of the property. Spencer Street has plenty on Street parking available.
Its an ideal spot for busy professionals looking to live in a popular, laid back area of Newcastle upon Tyne.
Situated near to Chillingham Road Metro and within short walking distance from the number 1, 62 & 63 bus routes and the Chilli Road shops, this property has great transport links to both the City Centre and Coast and access to local amenities.
***PLEASE BE AWARE APPLICATIONS TO VIEW THIS PROPERTY MUST BE MADE ONLINE. THE CITY & SUBURB TEAM WILL NOT BE ABLE TO ASSIST WITH VIEWING REQUESTS MADE OVER THE PHONE***
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
FAQ
About Spencer Street, Newcastle upon Tyne, Tyne and Wear, NE6
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