2-bedroom flat · NE2 4PA
For saleReduced £5k (−4.3%) on 4 JulListed 472 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Hive Estates is delighted to present this bright and stylish top-floor two-bedroom apartment, located in a secure and well maintained development in the highly desirable Spital Tongues area.
Well presented and finished to a modern standard throughout, this spacious home enjoys a prime position close to the city centre, universities, the rvi, and excellent transport links making it ideal for professionals, students, and investors alike.
The living area is flooded with natural light thanks to large windows and contemporary glass-panelled internal walls.
A soft, neutral colour scheme paired with soft grey carpets creates a calming and inviting space that’s perfect for both everyday living and entertaining.
The separate kitchen is smartly designed with wood effect units, laminate worktops, a neutral tiled splashback, and grey vinyl flooring.
A fitted oven and hob, generous built in storage, and a large window complete this well equipped and functional cooking space.
There are two well proportioned bedrooms, including a generous double with ample space for furnishings, and a flexible second bedroom featuring interior glass panels ideal for use as a home office, guest room, or study.
Both rooms continue the home’s cohesive design with matching grey carpets and neutral tones.
The modern bathroom is clean and practical, fitted with a shower over bath, WC, and basin, and finished with neutral tiling, a mosaic feature border, and wood effect laminate flooring.
Additional highlights include excellent built in storage options, including a large hallway cupboard and a recessed alcove enhancing both practicality and comfort.
With a strong rental yield of 7.44%, this property offers exceptional value and investment potential in a sought-after urban location.
Whether you're a first time buyer or investor, this apartment presents a rare opportunity to secure a well located city home.
Lounge/Diner (2.70 x 3.00 (8'10" x 9'10")) Kitchen Area (2.07 x 1.90 (6'9" x 6'2")) Bedroom 1 (3.35 x 3.00 (10'11" x 9'10")) Bedroom 2 (2.60 x 2.00 (8'6" x 6'6")) Bathroom (1.70 x 1.90 (5'6" x 6'2"))
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 Flat 2, Reid House, 7 Hunters Road, Newcastle upon Tyne
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