We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom flat · NE2 3HN
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Well-proportioned Three-Bedroom Home on Glenthorn Road in West Jesmond, Offering Generous Living Space, a Bright Principal Bedroom with Bay Window and an Enclosed Rear Patio.
Currently Let, the Property Presents an Excellent Opportunity for Investors Seeking an Income-Producing Asset in a Consistently High-Demand Rental Location.
The property is currently let at £1,755 per calendar month (£135 per person per week), equating to £21,060 per annum.
The rent is due to be marketed at £1,950 per calendar month (£150 per person per week) for next year, equating to £23,400 per annum.
This reflects the strength of rental demand in West Jesmond and offers a purchaser a ready-made income from the outset.
The property offers three bedrooms, a welcoming lounge/diner and a well-equipped kitchen, complemented by a family shower room.
The principal bedroom benefits from an attractive front-facing bay window, while the third bedroom offers flexibility for those requiring additional workspace or a nursery.
The enclosed rear patio provides a practical outdoor area for relaxing and entertaining, while off-street parking adds further convenience.
The internal accommodation comprises an entrance hall, with stairs rising to the main living accommodation on the first floor.
The landing provides access to two well-proportioned bedrooms positioned to the front of the property.
The principal bedroom benefits from an attractive bay window, allowing plenty of natural light to fill the room, while the second bedroom offers further comfortable accommodation and aspects to the front.
The third bedroom is positioned to the rear of the property and enjoys a pleasant rear aspect. Its versatile layout makes it ideally suited to use as a home office, study or nursery.
Also accessed from the landing is a welcoming lounge/diner, enjoying generous proportions and a rear-facing window that allows natural light into the space.
This versatile reception room provides ample room for both living and dining furniture, creating a practical setting for relaxing and entertaining.
Leading off the lounge/diner is a well-equipped kitchen, fitted with a range of wall and base units alongside integrated appliances.
A door from the kitchen leads into a rear hallway, providing access to a well-appointed family shower room.
Stairs from this area lead down to the rear patio, offering convenient access to the outside space. Externally, the property benefits from off-street parking to the front.
To the rear is an enclosed patio area, providing space for outdoor dining and entertaining, with room for suitable garden furniture.
On The Ground Floor - Entrance Hall - On The First Floor - Landing - Bedroom - 2.84m x 2.98m (9'4" x 9'9") - Measurements taken from the widest points.
Bedroom - 5.14m x 4.03m (16'10" x 13'3") - Measurements taken from the widest points. Bedroom - 3.20m x 2.40m (10'6" x 7'10") - Measurements taken from the widest points.
Lounge/Diner - 4.40m x 4.03m (14'5" x 13'3") - Measurements taken from the widest points. Kitchen - 2.88m x 2.60m (9'5" x 8'6") - Measurements taken from the widest points.
Hallway - Shower Room - 2.19m x 1.60m (7'2" x 5'3") - Measurements taken from the widest points. Disclaimer.
- The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
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
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

FAQ
About Glenthorn Road, Jesmond, NE2
Explore nearby