1-bedroom flat · NE1 2JB
Let agreedListed 207 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
1 Double Bedroom in 5 Bedroom Flatshare from £94.00 pppw Additional £21.00 pppw required for the utilities Step House offers contemporary 6 bedroom apartments designed to provide privacy, comfort, and practicality for modern student living.
Each bedroom features a comfortable bed, dedicated study area, generous storage, alongside an en-suite bathroom.
Living Area features and a fully fitted kitchen, a TV and a sitting area, giving residents complete independence in a well-designed living space.
High-speed WiFi is available throughout the building, and all utility bills are included in the rent, allowing students to manage their budgets with ease and focus fully on their studies.
Step House delivers a secure, student-focused, and hassle-free living experience.
The property is ideally located within walking distance of key universities, making it a popular choice for students: Approximately 5 minutes' walk to Northumbria University Approximately 15 minutes' walk to Newcastle University Step House is also well positioned for everyday convenience, with local shops, supermarkets, cafés, and takeaways all within a short walking distance.
Excellent transport links are nearby, with Manors Metro Station approximately 6 minutes' walk away, providing easy access across Newcastle and the wider region.
*No Deposit and Monthly payment options available (Subject to tenant matching the criteria and Tenants must provide UK home owner guarantor or use guarantor service provider) **Graysons Properties' price match guarantee promise allows all enquirers to obtain a price match on a property in a similar location with comparable qualities and facilities available Disclaimer - Photography & Room Variations Please note that the photographs used in this listing are for illustrative purposes only.
Images may show a selection of rooms or studios within the building and may include show apartments or representative layouts.
The actual room or studio allocated may differ in size, layout, furnishings, outlook, or finish from those shown.
Prospective tenants are advised to rely on the property description and, where possible, arrange a viewing prior to booking. Graysons Properties has been awarded the Anuk Code membership.
A coveted recognition of the quality of properties and services they provide to their customers. . Important Notice - We endeavour to make our lettings particulars accurate and reliable.
They should be considered as a general guide only and do not constitute all or any part of the contract.
Prospective tenants and their advisors should satisfy themselves as to the facts, and before arranging an inspection, availability.
Further information on any point of importance can be provided, if in doubt please seek clarification before proceeding with a tenancy.
No person in the employment of Graysons Properties has any authority to make or give any representation or warranty whatever in relation to this property.
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.
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 advisors 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 Stepney Lane, Newcastle Upon Tyne, NE1
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