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 work2-bedroom flat · NE2 4LL
For saleListed 119 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
TWO DOUBLE BEDROOMS, STUNNING VIEWS & TWO BALCONIES!
With no onward chain and set behind lawned communal gardens, this delightful Victorian conversion is ideally located on Belle Grove Terrace, Spital Tongues.
Belle Grove Terrace, a stone's throw from the RVI and a short walk into Newcastle City Centre.
The accommodation briefly comprises: communal entrance hall with secure entry system and stairs to all floors; private entrance hall with three storage cupboards; a 23ft open plan living space with two sky lights and French doors leading on to the south-east facing balcony providing open aspect views, kitchen area with fitted units and work surfaces; shower room complete with three piece suite; two double bedrooms, bedroom one with an en-suite shower room, sky light and French doors leading on to the south-east facing balcony, again providing open aspect views.
With a communal front garden and off-street parking to the rear, early viewings are advised.
2nd Floor Conversion Apartment | 801 Sq ft (74.4m2) | Two Double Bedrooms | 23ft Open Plan Living Space | Shower Room & En-Suite to Bedroom One | Front Communal Gardens | Off-Street Parking | No Onward Chain | Leasehold - Share of Freehold - 982 Years Remaining | Service Charge £1,660.44 Per Annum | Council Tax Band | 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 Terrace, Spital Tongues, Newcastle upon Tyne
Explore nearby
