Studio flat · NE2 1QX
Listing removedListed 212 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Two weeks rent-free if you move in within 4 weeks! This modern studio is located within the sought-after Melbourne development in Newcastle City Centre.
Offered with all utility bills included (excluding Council Tax, Band A), the property is ideal for both working professionals and students looking for convenient, city-centre living.
The studio features a well-designed galley-style kitchen equipped with an oven, electric hob, extractor hood, microwave, and fridge/freezer.
There is a private en-suite shower room, dedicated desk space suitable for home working or studying, and clever built-in storage designed to maximise the studio layout.
Rent includes superfast broadband, water, and electricity!
The building benefits from secure key-card access, 24-hour CCTV monitoring, and an on-site front of house team with daytime concierge service to safely manage parcels and deliveries.
Secure gated off-street parking is also available at an additional cost of £20 per week.
Upcoming Communal Upgrade A major enhancement of Melbourne’s communal areas is planned, including a redesigned reception, upgraded study and lounge zones, improved kitchen and games areas, and a new cinema room.
The redesign will introduce new furnishings throughout, coupled with contemporary finishes, improved lighting and defined social spaces to elevate the resident experience.
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 MEL, Grantham Road, Newcastle upon Tyne
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