2-bedroom flat · NE16 3HT
To rentReduced £25 (−3.8%) on 8 OctListed 265 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Access via front door into small entrance hallway with stairs leading to first floor landing.
All neutral décor throughout, grey carpets to floors, onto first floor landing with doors leading to all accommodation.
Grey carpets to floors, neutral décor to walls, feature fire surround and hearth with electric free-standing fire, door to storage with shelving, double glazed window to rear elevation, double radiator, and door leading to kitchen.
Lounge located to the front of the property with bay window with two top openers, grey carpets to floor, radiator to front elevation, neutral décor to walls, light fitting to ceiling.
Kitchen fitted with wooden floors and units, neutral décor with modern feature wall, partial tiles to walls, 4 ring gas hob with integrated oven, stainless steel extractor, oak effect units with contrasting marble worktops, 2x double glazed window one with large bottom opener one with top opener, door leading down to rear steps and access to rear yard, radiator with thermostatic valve, spotlight track to ceiling.
Two generous sized bedrooms with grey carpets to floor and neutral decor to walls. Natural light with double glazed windows fitted paired with large radiators below.
Ample space for families or professionals. Bathroom fitted with three piece suite, tiles to floor and rear wall.
Neutral décor to remaining wall, double glazed window with opaque glass to rear elevation with bottom openerShower curtain and handrail fitted to bath and shower.
Large window providing natural lighting. Please note that this property is unfurnished. Council Tax Band: A Deposit: £695 Holding Deposit: £160.38
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 63 Ridley Gardens, Newcastle upon Tyne
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