2-bedroom flat · NE3 2BZ
Listing removedListed 1023 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** Video Tour on Our YouTube Channel | ** NO ONWARD CHAIN | GARAGE IN A NEARBY BLOCK | SECOND FLOOR Forming part of this purpose-built development, the opportunity to acquire this well presented second floor flat which is now vacant and available immediately, with a garage, no onward chain & secure entry system.
This would be an ideal property for the first time buyer, or a professional landlord looking for a buy to let.
The accommodation is available for immediate inspection and briefly comprises:- secured communal entrance hall, bright and airy lounge/diner, kitchen with fitted wall and floor units, shower room with double walk in shower and two double bedrooms; bedroom one with built-in store.
The property benefits from double glazing and is warmed with night storage heating. Externally there is a single garage in a nearby block.
The property is in a great location with easy access to main travel links, the city centre and also a range of local amenities including local golf clubs and parks.
Interested parties are urged to arrange a prompt and essential internal viewing to assess how pleasant this property is and get a feel for its full potential. Please call our Gosforth sales team on .
Tenure The agent understands the property to be leasehold. However, this should be confirmed with a licenced legal representative.
Council Tax band *A* Lounge - 3.13 x 4.88 (10'3" x 16'0") - Kitchen - 2.36 x 2.13 (7'8" x 6'11") - Bedroom One - 3.85 x 3.05 (12'7" x 10'0") - Bedroom Two - 3.85 x 2.37 (12'7" x 7'9") -
Value & comps
No previous sales on record.
Returns
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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 Haydon Close, Red House Farm
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