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 work2-bedroom flat · NE5 3LW
For saleListed 54 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Jan Mitchell Properties are pleased to welcome to the market this first floor apartment which is available with no upward chain.
The building is well-maintained with dedicated allocated parking and ample storage space, making it perfect for modern living.
The property benefits a secure communal entrance that provides access to the building, with stairs leading to the upper floors.
Internally, you are presented with an open plan lounge/dining/kitchen area with fitted wall and floor units in the kitchen and Juliet balcony in the lounge area, two bedrooms, the main with storage cupboard, and three piece family bathroom WC with shower over the bath, all access via the private hallway.
Externally, there is private residents and visitor parking.
Location The location offers easy access to a wealth of local amenities including schools, shops, supermarkets and leisure facilities with further amenities easily accessed in Newcastle City Centre via regular bus and road links along with superb access to the A1 motorway and Newcastle International Airport.
IMPORTANT NOTE TO PURCHASERS We endeavour to make our property details accurate.
However, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact. Some of the imagery may have been enhanced by AI.
Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency.
All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval.
If you require clarification or further information on any points, please contact us direct.
MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain.
Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing.
Prospective purchasers must make further enquiries with their legal adviser Council Tax Band: A (Newcastle City Council) Tenure: Leasehold (107 years) Ground Rent: £150 per year Service Charge: £130 per month - Window cleaning - Cleaning of communal areas - Landscaping and grounds maintenance - Communal electricity - General repairs - Maintenance operatives - Sundry maintenance - Buildings insurance - Emergency lighting/testing - Accountancy - Building management - Gutter clearance - Contribution to the reserve fund for future major works
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 Derwent House, Alnmouth Court, Newcastle upon Tyne
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