2-bedroom flat · NE6 1EL
For saleListed 73 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** NO ONWARD CHAIN ** TWO BEDROOM MAISONETTE ** Cloud Estates bring to the market this deceptively spacious maisonette situated on Michaelgate in Byker.The property would be an ideal purchase for an investor.The property comprises of: access via a secure entrance, stairs to a pedestrianised walkway, front door leading into the hallway, dining kitchen and living room with a balcony with views across to Newcastle City Centre.
Stairs leading to first floor with two double bedrooms and a small office room and a modern family bathroom.The property has ample storage, is warmed via the benefits of a gas central heating system supplied via Byker District Heating System Off Street parking is available within the estate.
THE PROPERTY IS CURRENTLY TENANTED. THE RENT IS £510 PCM.We highly recommend viewings.
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
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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 Michaelgate, Byker, Newcastle Upon Tyne
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