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 · NE2 4LU
Sold STCListed 40 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This 3 bedroom first floor flat required updating, is located in a popular part of Spital Tongues and will appeal to first time buyers, couples and investors.
Accommodation comprises: Ground floor: Entrance hallway. First floor: Landing, sitting room, kitchen, bedroom 1, bedroom 2, bedroom3/home office, wet room/wc. Outside : Rear shared yard.
Situation: Belle Grove West is a popular residential street within Spital Tongues. This central location is close to the city centre, RVI & Newcastle University.
It is popular with time time buyers, couples and investors. With local amenities on hand there is direct access into the city centre with all that has to offer.
There is also Castle Leazes and Leazes Park offering lovely and varied open space.
Description: In need of updating this 3 bedroom first floor Tyneside apartment will have to be viewed to be appreciated.
With gas central heating and double glazing installed it will appeal to first time buyers and those looking for an investing opportunity.
The front door opens to the hallway and from there the stairs head to the first floor landing. There are 3 bedrooms, 2 doubles and a single which would make a great home office.
the sitting room has 2 storage cupboards and a window to the rear. The kitchen is fitted with modern wall and base units with inset electric hob and oven.
Finally there is a rear hall and access to teh west room with shower area, wash basin and wc. Outside: To the rear is a shared year yard. EPC Rating: C
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 Belle Grove West, Spital Tongues, NE2
Explore nearby
