2-bedroom flat · NE2 2HS
For saleReduced £14.5k (−7.8%) on 7 OctListed 273 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Sold as seen an investment opportunity on the popular Adderstone Crescent.
A lower ground floor flat briefly comprising of a secure communal system, stairs down to the apartment, vestibule entrance, hallway with storage leading to a spacious lounge, kitchen, two bedrooms and a bathroom WC.
Externally there is a garage and well maintained communal gardens. Communal Hallway Leading to entrance lobby, hardwood part glazed entrance door.
Hallway Storage cupboard, entry phone security system.
Living room -14'4 x 18'11 into double glazed window recess (4.36m x 5.77m into double glazed window recess) Feature fire surround with insert, outlook over Jesmond Dene.
Kitchen - 11'0 x 7'4 (3.34m x 2.24m) Double glazed window, range of wall, floor cupboard units, double sink unit and drainer, tiled walls, built in oven and hob, laminate flooring.
Bedroom One - 14'4 x 11'6 (4.36m x 3.50m) into wardrobes Double glazed window Bedroom Two - 11'11 x 7'5 (3.34m x 2.26m) Double glazed window, fitted wardrobes Bathroom WC - 9'2 x 6'1 (2.78m x 1.84m) Double glazed frosted window, 3 piece white suite comprising; panelled bath with tap fed shower, sink set in vanity unit, low level w.c, airing cupboard housing hot water tank.
External Single garage, landscaped communal gardens. All services/appliances have not and will not be tested.
Primary services supply Electricity: Mains Water: Main Sewerage: Mains Heating: Electric Broadband: Fibre Available Mobile Signal Coverage Blackspot: No - some variable Parking: Garage mining - The property is not known to be on a coalfield and not known to be directly impacted by the effect of other mining activity.
The North East region is famous for its rich mining heritage and confirmation should be sought from a conveyancer as to its effect on the property, if any.
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
Agent & docs
FAQ
About 21 Dulverton Court, Adderstone Crescent, Newcastle Upon Tyne
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