7-bedroom terraced house · NE2 2ND
To rentListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Every year this property is popular with a group of 7 looking for a large traditional Jesmond house right in centre of the most popular student area.
The property has been fitted with brand new grey carpets in the hallway, stairs and landings during Summer 2022.
The property has a large separate lounge of over 20m square, a great place for communal socialising.
The kitchen is at the back of the property and is fitted with American Fridge Freezer, microwave, washing machine and tumble dryer. There is plenty of cupboard space for all housemates to use.
The separate dining room is located at the back of the kitchen with large dining table and chairs for everyone.
There are 3 bathrooms/ toilets throughout the property located on each floor for convenience. One including a shower cubicle and the other a bath.
All bedrooms are doubles, and are fully furnished with double bed, wardrobe, drawers and desk, perfect for student living.
To the front of the property there is a small town garden and to the rear a large private yard with plenty of space for a seating area.
The property is an excellent example of modern student living in Jesmond and an early viewing is highly recommended.
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 Devonshire Place, Newcastle Upon Tyne, NE2
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