1-bedroom flat · NE5 3XG
Sold STCListed 251 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ref: SC0476 Located to the North West of the City, just off Etal Lane, St Just Place is home to this well proportioned, purpose built one bedroom flat.
The flat has recently had some cosmetic renovations; fresh paint, New carpets and flooring throughout St Just Place is close to some superb local amenities, and has access to fantastic transport links as well; Kingston Court Retail Park, Belvedere Retail Park, Tesco Extra and a whole host of other shops and restaurants are available within a short walk.
Newcastle International Airport is less than 10 minutes away by car, Kingston Park Metro station is around 25 minutes walk away, not to mention a myriad of local bus services in the area.
The flat itself is on the second floor, and features double glazed windows, a double bedroom, bathroom, kitchen and a spacious living room.
The flat also has an external garage and a number of cupboards for storage. As for an investment opportunity, the flat has a rental income of £525-550 pcm.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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 St. Just Place, Newcastle Upon Tyne, NE5 3XG
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