6-bedroom flat · NE2 3HT
For saleReduced £25k (−4.5%) on 23 JulListed 233 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Attention Buy to Let Investors! We welcome to the market this well positioned 6 bedroom maisonette situated in the heart of Jesmond. Currently tenanted until Summer 2027 achieving £43,680pa.
Briefly comprising of; Three bedrooms on the first floor with a lounge, spacious kitchen, shower room WC and a separate WC. Stairs to the second floor with a further three bedrooms and a bathroom WC.
There is a private yard to the rear.
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.
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
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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.
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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 48, Myrtle Grove, Newcastle Upon Tyne
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