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See how verdicts work2-bedroom flat · NE6 5DS
Sold STCListed 67 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A super stylish two bedroom ground floor 'Tyneside' flat ideally located on the south backing side of Simonside Terrace, Heaton.
Within a stone's throw to Iris Brickfield and a walking distance to Chillingham Road, Simonside Terrace, is conveniently situated to provide access to the shops, cafes and restaurants as well as excellent transport links into the City and beyond.
With stripped wood flooring throughout most of the property, the accommodation briefly comprises: entrance hall with storage cupboard; sitting room with feature fireplace and fitted alcove storage; kitchen with fitted units, work surfaces and side door access to the yard; shower room with three piece suite; two bedrooms, bedroom one with walk in bay.
Externally, a south facing rear yard laid to paving with fenced boundaries. Early viewings are deemed essential to truly appreciate the accommodation on offer.
Super Stylish Ground Floor 'Tyneside' Flat | 687 Sq ft (63.8m2) | Two Bedrooms | Sitting Room | Kitchen | Shower Room | South Facing Rear Yard | Popular Location | Leasehold - Tyneside Lease with Peppercorn Rent - 992 Years Remaining | Council Tax Band A | 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
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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 Simonside Terrace, Heaton, Newcastle upon Tyne
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