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See how verdicts work2-bedroom flat · NE6 5BU
Listing removedListed 68 daysAuction 28 Aug · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For Sale by Auction 28th August 2026, Option 1, Terms and Conditions apply.
This ground floor terraced flat is offered in Newcastle upon Tyne and is arranged as two self-contained bedsits, presenting a freehold investment opportunity.
The property provides a total of two bedrooms, two reception rooms, two kitchens and two bathrooms, along with a separate utility room.
It is currently tenanted, achieving a combined rental income of £1,350 per calendar month. Situated in the Heaton area of Newcastle upon Tyne, the property benefits from a range of local amenities.
Heaton Road and nearby supermarkets, independent shops, cafés, and everyday conveniences, while a variety of pubs and eateries can be found within walking distance.
The green open spaces of Heaton Park and the Ouseburn Valley are easily accessible, providing opportunities for walking, leisure and recreation. Public transport links are readily available.
Local bus services run regularly into Newcastle city Centre, with typical journey times of around 10–15 minutes, providing connections to Newcastle Central Station for regional and national rail services.
Newcastle city Centre offers extensive retail, dining, cultural and employment opportunities, all within straightforward reach.
The property’s layout as two separate bedsits, together with the existing tenancies and rental income, may appeal to buyers seeking a ready-made investment in a popular Newcastle location.
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence.
The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell.
The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+VAT (total £2400) Auction Administration Fee.
Joint Agents: The Agents Property Auction Ltd.
Terms and conditions apply see website primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Gas central heating Broadband: Fibre Mobile Signal Coverage Blackspot: No Parking: On street parking mining: The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.
Confirmation should be sought from a conveyancer as to its effect on the property, if any.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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 146, Chillingham Road, Newcastle Upon Tyne
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