2-bedroom flat · NE6 5BY
For saleListed 85 days
Opportunity summary
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About
Hive Estates welcomes to the market this stylish and contemporary two bedroom lower flat, ideally situated in the heart of Heaton.
Beautifully presented throughout, the property offers a spacious living room opening onto a private rear yard, a modern fitted kitchen, contemporary shower room and the added benefit of a walk-in wardrobe to the principal bedroom.
The generous living room is a bright and welcoming space, featuring fitted shelving, wood effect laminate flooring and neutral decor.
A glazed door opens directly onto the rear yard, allowing plenty of natural light to flood the room.
An open archway leads through to the modern kitchen, fitted with high-gloss cabinetry, wood effect worktops, a white metro tiled splashback and integrated appliances including an oven, hob, fridge, freezer and dishwasher.
The principal bedroom is positioned to the front of the property and benefits from a beautiful bay window, creating a bright and airy feel.
A spacious walk-in wardrobe provides excellent storage, while the neutral decor and wood effect flooring continue the home's stylish finish.
The second bedroom is another generous double, currently arranged as a dressing room but equally suited as a guest bedroom or home office.
Completing the accommodation is a contemporary shower room featuring metro tiled walls, a walk-in rainfall shower, wall-hung vanity unit with basin and WC.
Externally, the property benefits from on street parking to the front and a particularly spacious private rear yard with artificial lawn and gravel seating area.
The yard also offers the potential to be used for off-street parking, subject to any necessary consents.
Located in a highly sought-after part of Heaton, the property is within easy walking distance of the shops, cafés, bars and restaurants along Chillingham Road, while excellent bus and Metro links provide convenient access into Newcastle City Centre and beyond.
Kitchen (1.76 x 3.23 (5'9" x 10'7")) Lounge/Diner (3.77 x 4.59 (12'4" x 15'0")) Bedroom 1 (4.07 x 4.96 (13'4" x 16'3")) Bedroom 2 (2.43 x 3.58 (7'11" x 11'8")) Shower Room (2.75 x 1.34 (9'0" x 4'4"))
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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 5, Spencer Street, Newcastle Upon Tyne
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