2-bedroom flat · NE15 9PS
Sold STCReduced £5k (−8.3%) on 30 SepListed 39 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description A superb two-bed top-floor flat in the popular area of Throckley.
The property offers two double bedrooms, a spacious lounge, kitchen/diner and modern bathroom, with local amenities within walking distance.
The property currently has a tenant in situ who would like to remain, paying £675 pcm.
Council Tax Band: A (Newcastle City Council) Tenure: Leasehold (61 years) Access Accessed via communal door and staircase shared with only 1 other property located on the same floor.
Entrance Hallway (4.89m x 1.16m) Accessed via the entrance door into the hallway with grey carpets to floors, neutral decor to walls, pendant light fitting to ceiling and doors leading to all accommodation.
Lounge (4.21m x 3.71m) Located to the rear of the flat with grey carpets to floors, neutral decor to walls, pendant light fitting to ceiling and warmed via a wall-mounted radiator with trv.
Large double-glazed windows with openers provide natural light, with ample space for lounge furniture.
Kitchen (3.59m x 2.97m) Located to the rear of the property with tile-effect laminate to floors, neutral decor to walls and a range of cream wall and base units with chrome fixtures.
Integrated four-ring gas hob with inset oven below and chrome extractor above, with space for a fridge freezer and washing machine.
Large double-glazed window with opener, warmed via a wall-mounted radiator and ample space for a dining table and chairs.
Master Bedroom (3.60m x 3.00m) Located to the front of the property with grey carpets to floors, neutral decor to walls, pendant light fitting to ceiling and warmed via a wall-mounted radiator with trv.
Double-glazed window with opener and ample space for a double bed along with additional bedroom furniture.
Bedroom 2 (3.59m x 2.81m) Also located to the front of the property with grey carpets to floors, neutral decor to walls, pendant light fitting to ceiling and warmed via a wall-mounted radiator with trv.
Double-glazed window with opener and space for a double bed along with additional bedroom furniture.
Bathroom (2.48m x 2.00m) Centrally located with tile-effect vinyl to floors, neutral decor to walls with tiled splashback areas, concealed light fitting to ceiling and three-piece suite with chrome fixtures, including bath with shower head over and glazed shower screen, low-level WC and wash hand basin with pedestal.
Warmed via a wall-mounted radiator.
Value & comps
No previous sales on record.
Returns
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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 141 Hallow Drive, Newcastle upon Tyne
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