2-bedroom flat · NE2 1NE
For saleListed 17 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**Upper Ground Floor Apartment**Two Bedrooms**Vacant Possession - No Onward Chain** Positioned on the raised ground floor of a double-fronted late nineteenth century terraced townhouse, this apartment is ideally located for access to both Jesmond and Newcastle City Centre amenities.
The property enjoys a Communal Entrance and includes a Private Entrance Hall, a Living Room / Dining Room with a large bay window and access to a Mezzanine Area, an open-plan Kitchen, Two Double Bedrooms (one with access to a second Mezzanine Area) and a Shower Room.
Previously let at £1,288pcm (gross yield 7.7%) the flat represents an ideal investment purchase, or a good opportunity for a first time buyer.
The property further benefits from double glazing, gas central heating, and resident parking.
Material Information - Council Tax Band: B Tenure: Leasehold Lease: 103 Years Service Charge: £2733.38 Per Annum Ground Rent: £100 Management Company: Kingston Property Services Parking: Resident Parking
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 Flat 4, 10, Osborne Terrace, Newcastle Upon Tyne
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