We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom flat · NE6 5NL
Sold STCListed 145 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Super Stylish & Fully Refurbished! Situated close to Newcastle City Centre, this three bedroom upper floor flat is ideally located on Mowbray Street, Heaton.
Mowbray Street, a stones-throw from the cafe culture, newly established bars and restaurants on both Heaton Park Road and Heaton Road and within walking distance from the delightful Heaton Park.
Having undergone complete transformation by the current owner, the accommodation briefly comprises: entrance hall with stairs to first floor landing; sitting room with feature wood burning stove, open to the kitchen with a range of fitted units, work surfaces, tiled splash backs and spot lighting; shower room with three piece suite and spot lighting; rear hallway with stairs to the shared rear yard; three bedrooms, bedroom one measuring 13ft with feature fire surround.
Externally, a shared rear yard with wall boundaries and gated access to the rear service lane. Early viewings are deemed essential to appreciate the accommodation on offer!
Super Stylish Upper Floor Flat | Fully Refurbished | 782 Sq ft (72.6m2) | Three Bedrooms | Sitting Room to Kitchen | Shower Room | Shared Rear Yard | Leasehold - Tyneside Lease with Peppercorn Rent | Council Tax Band A | EPC: Rating D
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
FAQ
About Mowbray Street, Heaton, Newcastle upon Tyne
Explore nearby
