2-bedroom flat · NE12 9AE
Listing removedListed 50 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available Now | £1,100 per month | Hive Estates presents to the market 12 luxury apartments in Forest Hall. Springfield Lofts is a recently renovated apartment block offering luxury living.
The development is accessed through a security system which is CCTV security protected plus each apartment comes with high tech digital key pad lock.
This property is situated on an ground level, as soon as you enter you feel at home. There is a stunning open plan lounge and kitchen/diner.
All kitchens are supplied by a sustainability conscious company, they are locally sourced and made.
All appliances are brand new, including a built in fridge / freezer, full integrated dishwasher, hotpoint oven, induction hob and a hotpoint microwave. The interior is styled throughout by a designer.
There are two plush double bedrooms, both come with brand new beds and luxury brand new mattress.
There are two modern bathrooms both with double showers, beautifully tiled with gold fittings plus a heated towel rail.
Externally there is a large South East facing patio area for residents and parking available upon request. Within the area there are excellent transport links, the Metro is within walking distance.
There are also local shops, cafes. To book a viewing please contact
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 Loft 1, Springfield Lofts, Balroy Court, Newcastle Upon Tyne
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