3-bedroom flat · NE2 4LQ
No longer listedReduced £65 (−4.2%) on 29 SepListed 138 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Not for company let thanks! Fully furnished Three bedroom upper flat situated on Ancrum Street in the popular Spital Tongues, Newcastle.
Being a sought after area, the property is located less than one mile away from Eldon Square shopping mall, just around 5 mins walking distance from the rvi hospital and has fantastic road and transport links to other areas of Newcastle via the A1058, A189 and A167 making the property ideal for both students and professionals.
The property comprises of an entrance hallway with stairs to the first floor, landing, lounge, 3 double bedrooms, kitchen and a modern shower room.
Externally the property benefits from a shared rear yard.
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
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FAQ
About 37, Ancrum Street, Newcastle upon Tyne
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