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See how verdicts work7-bedroom terraced house · NE2 2NB
For saleListed 3 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**Investment Opportunity - £60,000 Annual Income / 7.7% Gross Yield**Seven Bedroom HMO**b-Rated EPC** A three story period terraced townhouse well-located close to all Jesmond amenities, and enjoying good access to Newcastle City Centre and universities.
Operating successfully as an HMO for many years, the house has been excellently maintained and thoughtfully reconfigured to create seven well proportioned bedrooms, with an unusually generous head-height in the attic rooms.
The house includes a Reception Hall, a Living Room, a Second Reception Room, a large Dining Kitchen, a Ground Floor Shower Room, Four First Floor Bedrooms, a Second Shower Room, Three Second Floor Bedrooms, and a Bathroom.
The property further benefits from double glazing, gas central heating, and a rear yard.
Currently let for Academic Year 2026/27 at a rent of £56,420 per annum, the house is also let for Academic Year 2027/28 at a rent of £58,604.
The rooftop solar panels generate a further Feed-in Tariff (fit) income in the region of £1,800 per annum (tax free) in addition to providing significant energy savings for the tenants.
Representing a rare addition to the market, viewing is highly recommended. Material Information - Council Tax Band: E Deposit Required: 5 weeks rent Parking: Limited On Street Permit Parking
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Devonshire Place, Newcastle Upon Tyne
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