4-bedroom flat · NE5 2QH
Listing removedListed 150 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to offer this double room which is available now to rent for £500 a month including all bills. It would be perfect for students and professionals.
Each bedroom comes fully furnished with access to the kitchen equipped with fridges, freezers and washing machines. There is one bathrooms within the property.
Street parking is available for free throughout the road and the house is just a close walk to the local bus stop.
It is close to Newcastle city centre, hospitals and universities with excellent transport links.
Please note this is A room in A houseshare The prices listed are fully inclusive of: Council tax and all utility bills unlimited broadband usage washing machines, fridges, freezers and dining area free on street parking
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.
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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 276, Ovington Grove, Fenham
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