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See how verdicts work2-bedroom flat · NE4 7DX
For saleListed today
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Benefitting from panoramic views, is this apartment located in Condercum Park. Situated on the 10th floor, the property is in a good condition and offered with no chain.
The property provides a practical layout with a good sized reception room featuring a large oriel window, giving excellent natural light and far reaching urban views.
Neutral décor and light flooring in the living space offer a contemporary feel and a straightforward backdrop for a variety of furnishings.
The room opens directly into the kitchen, which is fitted with modern units, contrasting worktops and space for oven and laundry appliances.
The bathroom is finished in a clean white suite with shower over bath, part-tiled walls and vinyl flooring. Both bedrooms are carpeted, and have neutral wall finishes.
The rooms both have pleasant outlooks. A hallway with wood effect flooring links the accommodation and includes useful storage.
The property is situated close to local public transport routes to and from Newcastle city centre, the MetroCentre, and easy access to the A1 and A69. Early viewing is recommended.
Council Tax Band: A EPC Rating: D AGENTS NOTE Please note that the AML fee covers the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
We have been made aware that occupants are not allowed uncaged pets, and are not allowed to rent out any of the properties in the block.
PRIMARY SERVICES SUPPLY Electricity: Mains Water: Mains Sewerage: Mains Heating: Biomass Heating System Broadband: Fibre Mobile Signal Coverage Blackspot: No Parking: Allocated Parking Bay MINING The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.
Confirmation should be sought from a conveyancer as to its effect on the property, if any. RESTRICTIONS AND RIGHTS Listed? No Conservation Area? No Restrictions on property?
No Easements, servitudes or wayleaves? No Public rights of way through the property?
No RISKS Flooding in last 5 years: No Risk of Flooding: Zone 1 Any flood defences at the property: No Coastal Erosion Risk: Low Known safety risks at property (asbestos etc…): No BUILDING WORKS Any known planning permissions or proposals in the immediate locality: No Outstanding building works at the property: No ACCESSIBILITY This property has no accessibility adaptations.
TENURE It is understood that this property is leasehold.
Should you decide to proceed with the purchase of this property, the Tenure and associated details and costs must be verified by your Legal Advisor before you expend costs.
Length of Lease: 125 years less one day from 24 June 2011 Ground Rent: £33 per year Service Charge: £2,160 per year Date of Next Review: 01/01/2027
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 Park Road, Cruddas Park, Newcastle Upon Tyne
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