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See how verdicts work3-bedroom flat · NE3 4AH
For saleListed 113 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spacious 3-Bed Apartment In Gosforth With South-Facing Views An exceptional opportunity awaits to acquire this spacious and well-presented three-bedroom apartment, ideally situated in the highly sought-after Gosforth area of Tyne and Wear.
Offered to the market with offers over £225,000 and no upward chain, this property presents an ideal purchase for a variety of buyers, from first-time homeowners to those looking to downsize or invest.
The apartment features a thoughtfully designed layout, commencing with a welcoming entrance that leads into the heart of the home: A magnificent open-plan lounge and dining area.
This expansive space is perfect for both relaxing and entertaining, offering ample room for comfortable furnishings and a dedicated dining zone.
Large windows ensure the area is bathed in natural light, creating a bright and inviting atmosphere.
One of the standout features of this property is its lovely south-facing aspect, providing picturesque views over the well-maintained communal gardens.
Imagine enjoying your morning coffee or an evening drink whilst taking in the serene green outlook, a true urban oasis.
The accommodation comprises two generously sized double bedrooms, offering comfortable and private retreats.
The flexible layout also presents the potential for a third bedroom, as the current dining room could easily be converted to create an additional bedroom, catering to growing families or those requiring a dedicated home office or guest room.
The property is serviced by a well-appointed bathroom. The kitchen is both practical and functional, benefiting from a convenient utility room located just off it.
This additional space is invaluable for laundry and extra storage, helping to keep the main living areas clutter-free. Location is paramount, and this apartment excels in that regard.
It is ideally positioned for easy access to Gosforth High Street, renowned for its vibrant array of shops, cafes, restaurants, and essential amenities.
Excellent transport links are also readily available, connecting you effortlessly to Newcastle city centre and beyond.
The area is well-regarded for its reputable schools and green spaces, enhancing its appeal to families.
Further benefits include an impressive Energy Performance Certificate (EPC) rating of B, indicating high energy efficiency and potentially lower utility bills.
The property falls within Council Tax Band B, offering another attractive financial consideration.
With its prime location, versatile living spaces, and attractive features, this apartment truly represents a fantastic opportunity to secure a desirable home in Gosforth.
Early viewing is highly recommended to fully appreciate all that this superb property has to offer.
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 38 The Drive, Gosforth, Tyne and Wear
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