3-bedroom house · NE12 7AE
Listing removedListed 167 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This 3 bedroomed semi detached house has been refurbished to provide a superb family home, in a sought after residential area.
With gas fired heating and sealed unit double glazing to most windows, the property has also been redecorated and has new carpets and floor coverings.
The Reception Hall, with cloaks cupboard and stained and leaded lights to the front, leads to the Lounge, with bay window to the front and the focal point of which is a coal effect real flame gas fire set within a contemporary painted surround.
The 19' Kitchen/Dining Room has a refurbished kitchen, fitted with a range of wall and base units, sink unit, split level oven with 4 ring ceramic hob and extractor over, integral fridge/freezer with matching doors, cupbard housing ther combi boiler and dining area wirtg French doors opening to the Conservatory, overlooking and with doors to the rear garden.
Stairs lead from the hall to the First Floor Landing. Bedroom 1 is to the rear, with Bedrooms 2 and 3 to the front.
The Bathroom/WC has also been refitted with a low level wc, wash basin, panelled bath and shower cubicle with mains shower and panelled walls.
Externally, there is a gravelled Front Garden, with path to the front door. The South facing Rear Garden is laid with shale and has raised decking.
A shared driveway to the side of the house leads to the Detached Garage, directly behind the house with door access from the garden.
Forest Hall is a sought after suburb of Newcastle, with a 'village' feel.
Along with schools, good range of shops, pubs and restaurants, there are good road and public transport links, with access to the Metro system, providing easy access into the city, to the coast and other surrounding areas.
Value & comps
No previous sales on record.
Returns
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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 61, Great Lime Road, Newcastle Upon Tyne
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