We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · NE3 2NZ
For saleReduced £4k (−4.4%) on 7 JulListed 598 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A very well appointed 1 bedroom apartment located on the second floor of this popular residential development constructed by McCarthy and Stone on the Northern fringe of Gosforth.
The property benefits from a range of modern fixtures and fittings together with replacement bathroom with walk-in shower, modern Fischer storage heaters and replacement hot water cylinder..
It occupies a pleasant position with views over the communal gardens.
Tenure: Leasehold 125 years from 2001 (101 years remaining) Ground Rent: £774.39 per annum - Review Period: Tbc - Increase Amount: Tbc Service Charge (including building insurance): £3,131.00 per annum - Review Period: Tbc - Increase Amount: Tbc Council Tax Band: B EPC Rating: D Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Electric Broadband: Cable Mobile Signal Coverage Blackspot: No Parking: Communal Parking Mining The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.
Confirmation should be sought from a conveyancer as to its effect on the property, if any. Restrictions and rights Restrictions on property?
Yes: No pets allowed, running a business, parking boats, caravans or mobile homes.
Accessibility This property has accessibility adaptations: • Wide doorways • Lift access to floor • Suitable for wheelchairs
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
.png){kind=logo}
FAQ
About 55, Broadway Court, Highbridge, Newcastle Upon Tyne
Explore nearby
