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 work3-bedroom flat · NE3 1QX
Listing removedListed 118 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This 3 bedroom first floor Tyneside Apartment is located in South Gosforth with generous room sizes which will appeal to first time buyers & couples and an internal inspection will be essential.
Accommodation comprises: Ground floor: Entrance vestibule. First floor: Landing, sitting room, kitchen, rear lobby, shower room/wc, bedroom 1, bedroom 2, bedroom 3. Outside: Rear courtyard.
Situation: Audley Road is a sought after residential street in South Gosforth.
With access to local amenities including shops, restaurants, pubs & bars there is also South Gosforth Metro Station which links directly into the city centre.
Popular with first time buyers and couples, South Gosforth also has good links to Gosforth High Street and the bustling suburb of Jesmond.
Road and bus links run through the city and there are a number of open spaces as well as links out to Northumberland’s beautiful countryside and to the coast with pretty seaside towns such as Whitley Bay & Tynemouth.
Description: 132 Audley Road is a fine example of a well presented and spacious 3 bedroom first floor Tyneside flat.
Ideal for first time buyer and couples it has been a successful rental in recent years and an early inspection is essential to fully appreciate all it has to offer.
Retaining original features the rooms are a good size with high ceilings. Heated by gas central heating the front door leads to the entrance vestibule where stairs lead up to the first floor landing.
Bedroom 1 is a lovely large room with a bay window to the front elevation which allows for a great deal of natural light.
Currently used as a sitting room with a stunning period fireplace with cast iron inset and marble mantlepiece surround. There is also stripped floorboard, cornicing and ceiling rose.
Bedroom 2 is a double bedroom to the front whilst bedroom 3 is also a double to the rear and currently used as a home office/dressing room. The sitting room is a good size.
Currently used as a dining room with a built in storage cupboard and window to the rear. The kitchen is fitted with modern wall and base cabinets.
windows to rear, plumbing for both a dishwasher and washing machine and access to the rear lobby.
From here stairs lead to the back door and also there is the shower room with a corner shower cubicle, wash basin and wc.
Outside: To the rear is a paved courtyard, ideal for outside dining through the summer months. EPC Rating: E
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 Audley Road, South Gosforth, NE3
Explore nearby
