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See how verdicts work2-bedroom flat · NE6 3NP
For saleListed 5 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
TWO BEDROOM FIRST FLOOR FLAT • NO ONWARD CHAIN INVOLVED • COMMUNAL GARDENS INTERCOM ENTRY SYSTEM • IDEAL STARTER PROPERTY • 125 YEAR LEASE FROM JUNE 1987• NEWCASTLE CITY CENTRE 3.1 MILES • WELBECK ACADEMY 1.1 MILES • COMMUNAL PARKING • COUNCIL TAX BAND A • ENERGY RATING C Communal Entrance - Secure Intercom Entry System and stairs to first floor Hallway - Laminate flooring, radiator, cupboard and access to...
Kitchen - 2.99 x 2.56 (9'9" x 8'4") - Fited with range of wall and base units with complimentary worksurfaces, sink, single glazed window, boiler, space for cooker and fridge freezer.
Radiator, part tiled walls and tiled floor. Lounge - 4.01 max x 2.91 (13'1" max x 9'6" ) - Single glazed bay window, feature fireplace with electric fire, coving to celing, dado rail and radiator.
Bedroom 1 - 3.95 max x 3.40 into robe (12'11" max x 11'1" int - Single glazed window, radiator and sliding door wardrobes. Front Elevation.
Bedroom 2 - 2.24 x 3.08 (7'4" x 10'1" ) - Single glazed window, radiator. Rear Elevation Bathroom - 1.95 x 1.55 max (6'4" x 5'1" max) - Single glazed window, tiled walls and floor and radiator.
Comprising: WC, wash hand basin and bath with overhead shower. External - There is communal parking available and communal gardens to rear of property.
Material Information - BROADBAND AND MOBILE: At the time of marketing we believe this information is correct, for further information please visit Various factors can affect coverage, such as being close to large trees or buildings when outdoors, or the thickness of walls if you’re inside a building.
This means there may be differences between the coverage prediction and your experience.
EE-Good outdoor and in-home O2- Good outdoor and in-home Three-Good outdoor and in-home Vodafone - Good outdoor, variable in-home If you’re struggling to make phone calls indoors, consider using Wi-Fi calling, where your mobile phone uses a broadband connection to make calls and text messages.
We recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property. FLOOD RISK: Yearly chance of flooding: Surface water: Very low.
Rivers and the sea: Very low. CONSTRUCTION: Traditional This information must be confirmed via your surveyor and legal representative. Leasehold - This property is Leasehol 125 years from 1 July 1987.
We have been advised that the payments are approximately £290 per month payable to RMG Residential Group and includes the following: - Monthly Reserve Monthly Insurance Maintenance Reserve - Buildings Monthly Maintenance Reserve Service Charge-Buildings Service Charge-Estate Ser.
Chg-Flats 26-30 (Excl 28) This information must be confirmed via your legal representative
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.
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About Kingsmere Gardens, Newcastle Upon Tyne
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