2-bedroom flat · NE2 2RD
To rentListed 2 days
Opportunity summary
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About
AVAILABLE 20TH JANUARY 2026 * TWO BEDROOMS * FURNISHED * SECOND FLOOR APARTMENT * SECURITY INTERCOM * POPULAR LOCATION * EPC RATING D * COUNCIL TAX BAND B Mansons are pleased to offer on a furnished basis, this well-presented two-bedroom, second-floor conversion apartment located on Grosvenor Place, Jesmond.
The accommodation briefly comprises; communal entrance, reception hallway, stairs to the first floor landing, entrance to the apartment, stairs to the landing within the apartment, walk-in cupboard, living room, fitted kitchen, two bedrooms and a bathroom with white suite.
Other notable features are gas central heating, double glazing & a security intercom system. Viewings are highly recommended to avoid disappointment. COMMUNAL ENTRANCE Reception hallway.
STAIRS TO THE FIRST FLOOR Landing. ENTRANCE TO THE APARTMENT Stairs to.... LANDING Walk in cupboard, security intercom.
LIVING ROOM 4.57m ( 15'0'') x 3.56m ( 11'9'') KITCHEN 3.07m ( 10'1'') x 2.46m ( 8'1'') Fitted wall & floor units, 1 and 1/2 stainless steel sink & drainer, integrated gas hob, oven, tiled splashback, tiled floor, fridge/freezer, washing machine and "Baxi" boiler.
BEDROOM ONE 3.68m ( 12'1'') x 2.09m ( 6'11'') BEDROOM TWO 4.34m ( 14'3'') x 2.36m ( 7'9'') BATHROOM White suite, bath with rinser shower tap, built in shower cubicle, WC, wash basin, tiled splashback and tiled floor.
ADDITIONAL INFORMATION Council Tax band: B EPC Rating: D Broadband Checker: Please use the Open Reach website checking service. Mobile Coverage: Please use the Ofcom website checking service.
Flooding Checker: via the Gov UK website. The fire risk assessment for this building has advised the premises are unsuitable for disabled persons.
As the evacuation route nature (e.g., stairs) may make it more difficult for people with impairments and disabilities due to lack of features usually provided for those people (e.g., refuges, evacuation chairs, personal emergency evacuation plans, staff assistance in evacuation)
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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.
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