2-bedroom house · NE1 4LZ
Listing removedListed 324 days
Opportunity summary
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About
This elegant two-bedroom duplex apartment is set within the distinguished Grade I listed Leazes Terrace, a beautifully preserved Georgian development dating back to the early nineteenth century.
The property enjoys an exceptional position overlooking Leazes Park, allowing the principal living space to take full advantage of the mature trees and open green landscape that make the park one of Newcastle’s most cherished historic spaces.
The apartment is entered through a welcoming hallway that leads into a bright and well-proportioned lounge, its tall sash window framing views across the park.
The adjoining kitchen is thoughtfully arranged and blends modern convenience with the character expected of a period home.
A staircase leads down to the lower floor, where two comfortable bedrooms create a peaceful retreat separate from the main living areas, complemented by a well-appointed bathroom.
Leazes Terrace itself forms part of one of Newcastle’s most architecturally significant streetscapes, known for its Georgian symmetry, elevated position and its immediate relationship with Leazes Park, the city’s oldest public park.
The surroundings combine the calm of a leafy heritage setting with the convenience of being moments from the city centre, the universities, and the cultural and social amenities of nearby areas such as Haymarket and Barras Bridge.
The park’s lakeside paths, open lawns and established planting contribute to a uniquely tranquil atmosphere despite the central location.
The apartment further benefits from secure parking within a gated courtyard, a rare and highly desirable feature for a property so close to the heart of the city.
Council Tax Band: B Tenure: Leasehold Entrance Hall Lounge 5.26m x 4.04m Kitchen 3.68m x 1.83m Stairs to Lower Floor Bedroom One 3.56m x 2.9m Bedroom Two 1.93m x 4.8m Bathroom
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Leazes Terrace, Newcastle Upon Tyne, Newcastle upon Tyne, Tyne and Wear, NE1 4LZ
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