2-bedroom flat · NE3 2DQ
Let agreedReduced £100 (−10.5%) on 22 SepListed 56 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This ground floor apartment is located in Gosforth, close to the Regent Centre, and benefits from off-street parking, a garden and two double bedrooms.
The property also offers a generous sitting/dining room and is available immediately, unfurnished. Please note that a new bathroom is currently being installed at the property.
Accommodation comprises: Ground floor: Entrance hallway, sitting/dining room, kitchen, two double bedrooms and bathroom/WC. Outside: Driveway providing off-street parking and rear garden.
Situation: Located to the north of Gosforth High Street and close to the Regent Centre, where there is a Metro Station providing links throughout the city.
Gosforth offers a wide range of amenities including local and national shops, schools, restaurants, coffee shops and much more.
There is also excellent access into Newcastle city centre, Newcastle International Airport and Northumberland's beautiful countryside.
Description: This well-positioned ground floor apartment is currently arranged to provide two double bedrooms, together with a generous sitting/dining room, kitchen and bathroom/WC.
There is also a substantial amount of useful storage space located between the kitchen and dining area. The property is available immediately and is offered unfurnished.
The accommodation would be ideally suited to professionals or couples looking for a well-located property close to local amenities and transport links.
A viewing is highly recommended as we anticipate strong demand. Outside: To the side of the property is a driveway providing an optional off-street parking at an additional cost of £50 PCM.
There is also a garden area to the rear. EPC Rating: C
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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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 Great North Road, Grange Park, NE3
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