2-bedroom flat · NE15 6BT
For saleReduced £10k (−6.7%) on 7 OctListed 65 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The property is currently tenanted at £850 per calendar month, making this an ideal opportunity for an investor looking to add to their rental portfolio.
The property is being offered with the existing tenancy in place and is therefore only suitable for investors.
Internally, the property offers two good sized double bedrooms, a large and spacious living room, kitchen and bathroom.
The property also benefits from a balcony, providing lovely views overlooking the River Tyne and surrounding area.
The generous living space and two double bedrooms make this a desirable rental property, while the current tenancy provides an immediate rental income for the new owner.
Early viewing is recommended for investors looking for a well positioned buy to let property with an existing rental income.
Notice Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items.
All measurements are approximate and photographs provided for guidance only.
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
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 57, Walwick Fell, Newcastle Upon Tyne
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