3-bedroom flat · NE6 5XP
Listing removedReduced £250 (−16.7%) on 16 SepListed 119 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 AND SUBURB TEAM WILL NOT BE ABLE TO ASSIST WITH VIEWING REQUESTS MADE OVER THE PHONE*** City and Suburb is delighted to present this lovely three-bedroom duplex flat situated in the heart of the popular suburb of Heaton to the rental market.
The flat is part of a development overseen by our company and has been constructed and furnished to the highest standard. The property has a large open plan kitchen, dining and living area.
This kitchen is finished with a high gloss white design and has integrated appliances and a washer dryer. The solid wood table and Italian leather sofas really compliment the property.
The three bedrooms all accommodate double beds and there are two bathrooms within the property (one is en-suite).
Every detail has been thought through from the self-cleaning double glazing to the heat recovery ventilation units to ensure the property is as energy efficient as possible.
We thoroughly recommend a viewing of this property to appreciate the standard on offer. Please contact our lettings team for more information or to arrange a viewing.
***PLEASE BE AWARE APPLICATIONS TO VIEW THIS PROPERTY MUST BE MADE ONLINE. THE CITY AND 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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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 Meldon Terrace, Newcastle upon Tyne, Tyne and Wear, NE6
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