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See how verdicts work6-bedroom flat · NE2 3HP
Listing removedListed 135 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Hive Estates presents an exceptional investment opportunity to acquire a pair of Tyneside flats in the highly sought after West Jesmond area.
Comprising a two bedroom lower flat and a three bedroom upper flat, both properties are currently tenanted and generate a combined annual rental income of £39,000 (£15,600 from the lower flat and £23,400 from the upper flat), offering an impressive gross rental yield of 7.8%.
The lower flat is well configured for shared living, featuring a spacious modern kitchen, a separate living and dining room with ample storage, and two generously sized bedrooms.
The principal bedroom is enhanced by a large bay window and wood effect laminate flooring, while the bathroom is fitted with a walk in shower, separate bath, wash basin, WC, and heated towel rail.
Occupying the first floor, the upper flat offers a contemporary kitchen with cream high gloss cabinetry, white worktops, and marble effect tiling.
The generous living room provides ample space for both relaxing and dining, while the three well proportioned bedrooms are ideal for professional or student tenants.
The principal bedroom also benefits from a large bay window and wood effect laminate flooring. The bathroom is equipped with a walk in shower, separate bath, wash basin, and WC.
Externally, the properties share a rear yard with lane access.
Positioned within easy reach of Jesmond’s popular cafes, shops, restaurants, universities, and transport links, the flats benefit from consistently strong tenant demand.
Offering immediate income and long term investment potential, this is a rare opportunity to acquire a high yielding, ready made portfolio in one of Newcastle’s most desirable residential locations.
Lounge/Diner (4.00 x 4.00 (13'1" x 13'1")) Kitchen (3.20 x 2.45 (10'5" x 8'0")) Bedroom 1 (4.05 x 4.15 (13'3" x 13'7")) Bedroom 2 (3.00 x 2.70 (9'10" x 8'10")) Bedroom 3 (2.90 x 2.75 (9'6" x 9'0")) Bathroom (2.20 x 2.75 (7'2" x 9'0")) Lounge/Diner (3.90 x 4.25 (12'9" x 13'11")) Kitchen (3.15 x 2.45 (10'4" x 8'0")) Bedroom 1 (3.80 x 4.50 (12'5" x 14'9")) Bedroom 2 (2.80 x 2.45 (9'2" x 8'0")) Bathroom (2.30 x 3.55 (7'6" x 11'7"))
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
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FAQ
About 98/100, Bayswater Road, Newcastle Upon Tyne
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