4-bedroom house · NE1 2JR
Listing removedReduced £261 (−13.7%) on 21 JunListed 248 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
£110PPPW - Four bedroom apartment in Rialto Building, located ideally for Newcastle Quayside, City Centre and Northumbria University.
The property is accessed via communal entrance with stairs and lift access to the fifth floor. The inner entrance hallway includes two storage cupboards and telephone entry system.
The spacious lounge features juliet balcony and offers plenty of space for living and dining area. Modern style kitchen well equipped with wall and base units and integrated oven and hob.
Three double bedrooms with the second juliet balcony to the master bedroom and an additional bedroom. Separate shower room with shower cubicle, wash hand basin, WC and heated towel rail.
Additionally there is one secure parking bay included. The Rialto Building is located on Melbourne Street, within walking distance to northumbria & newcastle university city campus.
Both newcastle city centre and the quayside are within close proximity, offering a wide variety of shops, bars and restaurants. **All property descriptions are assumed correct at time of publication.
Any reference to property details, specifications or other inclusions are subject to change and may be altered at any given time.
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 29, Rialto Building, Melbourne Street, Newcastle Upon Tyne
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