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See how verdicts work2-bedroom flat · NE2 3HL
Sold STCListed 76 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ground floor flat with a south facing rear yard and no onward chain! This two bedroom lower ‘Tyneside’ flat is ideally located on the south backing side of Glenthorn Road, Jesmond.
Situated close to West Jesmond Metro Station, the shops and cafés of Acorn Road, Glenthorn Road is perfectly placed to give access to all Jesmond has to offer.
The accommodation briefly comprises: Entrance porch through to entrance hall with under-stairs storage cupboard; lounge with feature fireplace; kitchen with a range of fitted units together with work surfaces, spot lighting and side door access to the south facing rear yard; bathroom complete with three piece suite and spot lighting; two bedrooms, bedroom one measuring 16ft with walk in bay, ceiling rose and exposed brickwork.
Externally, a south facing shared yard laid partially to decking with wall boundaries and gated access to the rear service lane.
Fully double glazed with gas 'combi' central heating, early viewings are advised!
Ground Floor 'Tyneside' Flat | 729 Sq ft (67.7m2) | Two Bedrooms | Lounge | Kitchen | Bathroom | South Facing Rear Yard (Shared) | GCH & DG | Close to West Jesmond Metro | No Onward Chain | Leasehold - Tyneside Lease with Peppercorn Rent - 957 Years Remaining | EPC: D
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 Glenthorn Road, Jesmond, Newcastle upon Tyne
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