Studio flat · NE2 4AD
Listing removedListed 103 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Brand new studio | Students & Professionals | Exceptional location An exclusive refurbished block of 4 apartments (refurbished in 2024).
The building offers a blend of modern comfort and prime location, perfect for urban living.
Situated just a 2-minute walk from the Royal Victoria Infirmary, Newcastle University, and the scenic Exhibition Park, it provides unparalleled convenience.
The apartment features a contemporary open-plan layout, with sleek finishes, high-quality fixtures, and ample natural light.
The stylish kitchen is equipped with the latest appliances, and the living space is designed for both functionality and relaxation.
Ideal for students, professionals, or anyone seeking proximity to essential amenities and green spaces, this studio combines comfort with a vibrant city lifestyle.
Skylets are property experts with over 40 years’ experience in rentals and lettings.
With a head office based in Newcastle Upon Tyne, we specialise in both professional and student lettings, and are the exclusive letting agent for over two and half thousand properties nationwide.
We take huge pride in our company and our work and only represent buildings and landlords that have a reputation for excellence.
We are a team of enthusiastic individuals who will go above and beyond – with no fees, flexible viewing times and flexible tenancy lengths.
We work hard to find and deliver exactly what you are looking for.
Whether you are thinking of letting your property through Skylets, or renting a property from us, please get in touch, via phone, live chat, email, text, Facebook, Twitter or Instagram.
Let’s see what Skylets can do for you.
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 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
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FAQ
About 5D, North Terrace, Newcastle Upon Tyne
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