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See how verdicts work2-bedroom flat · NE3 3AU
For saleListed 6 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FOR SALE BY ONLINE AUCTION ENDING 16TH NOVEMBER AT 12:00PM. THE PROPERTY IS SOLD UNDER UNCONDITIONAL AUCTION TERMS AND CONDITIONS.
Appealing to first-time buyers and professional couples, this well-presented two bedroom top floor apartment is ideally situated on Kirkwood Drive, a popular and established residential location within Kenton.
Offering comfortable and well-proportioned accommodation, the property provides a superb opportunity for those looking to purchase a home with convenient access to local amenities, transport links and surrounding areas.
The spacious lounge/diner provides an excellent principal living and entertaining space, with the dining area positioned within an attractive square bay window.
This creates a pleasant focal point to the room and provides a dedicated area for dining, while the generous proportions of the lounge allow plenty of flexibility for furnishings and everyday living.
The kitchen is fitted with a range of wall and base units, providing useful storage and preparation space, together with built-in cooking appliances.
There are two well-proportioned bedrooms, offering flexibility for a variety of buyers.
The principal bedroom provides a comfortable private retreat, while the second bedroom could equally be utilised as a guest bedroom, home office or study depending on individual requirements.
Completing the accommodation is the bathroom, which is fitted with a bath and shower facility over, a WC and hand wash basin.
The apartment benefits from gas central heating with a smart app-controlled thermostat, allowing the heating to be managed conveniently from a smartphone, whether at home or on the go.
Externally, the apartment forms part of a popular residential development, with the surrounding area offering a convenient setting for a range of local amenities and facilities.
Kenton is well placed for access to everyday shopping, leisure and recreational facilities, while excellent transport connections make the property particularly appealing to commuters.
The nearby A1 provides convenient road links towards Newcastle and the surrounding areas, as well as further afield, making this an attractive choice for those who need to travel for work or leisure.
The property’s location, combined with its well-presented accommodation and two-bedroom layout, makes it a versatile purchase with strong appeal to both owner-occupiers and investors.
Overall, this is a well-located and spacious top floor apartment offering comfortable accommodation in a popular residential setting.
Early viewing is recommended to fully appreciate the accommodation, location and potential this property has to offer.
Terms & Timescales This property is being sold subject to unconditional purchase premium auction terms and conditions. Immediate exchange of contracts. Completion must take place within 28 days.
Legal Pack A legal pack is available for this property.
We strongly advise all potential bidders thoroughly read through the legal pack prior to bidding, paying particular attention to the special conditions.
If you are unsure of anything contained within the pack, please consult a legal representative.
Deposit In order to secure the purchase a buyer will pay a deposit of 5% (subject to a minimum of £3,600) which contributes towards the overall purchase price of the property.
The deposit is non-refundable. Buyer Fees This property is sold subject to a non-refundable purchase premium of 2.4% inc VAT, subject to a minimum of £3,600 inc VAT.
This does not form part of the purchase price.
More Information For further information please contact our auction department on or email ONLINE AUCTION NOTICE I hereby acknowledge and confirm the following: Once placed, my bid cannot be withdrawn and will stand until 2 hours after the auction closes.
My bid may be accepted by the seller at any time before the close of the auction. I have read and understood the terms of the auction and my bid is placed accordingly.
I have read and understood the legal pack applicable to this property and I understand that I am bound by the special conditions contained within.
If my bid is successful at any point from now until up to 2 hours after the auction closes, I shall be bound by the lot terms and conditions as advertised online.
EPC Rating: D Bedroom 2.63m x 3.89m Kitchen 2.26m x 2.4m Lounge / diner 3.27m x 4.16m Bathroom 1.85m x 1.94m Bedroom 2.11m x 3.12m
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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
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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 Kirkwood Drive, Newcastle Upon Tyne, NE3
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