3-bedroom terraced house · NE15 8RY
For saleListed 16 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Jan Mitchell Properties are delighted to offer for sale this well proportioned three bedroom, two reception room, mid terrace bay windowed home that is a blank canvass for a buyer to make their own and would make an ideal first purchase or investment, offered with No Onward Chain.
The accommodation briefly comprises:- Entrance vestibule, entrance hall with stairs leading to the first floor, spacious lounge with bay window and feature fireplace, dining room with store cupboard beneath the stairs and completing the floor is the fitted with a range of wall and base units, work surfaces, stainless steel sink with mixer tap and drainer, gas hob, oven and plumbing for a washing machine.
There is also a double glazed window overlooking the rear and a door providing access to the outside.
To the first floor, the landing provides access to all three bedrooms and a four piece family bathroom with separate bath and shower.
Externally, the property benefits from an enclosed sunny West facing rear yard, with gated access which can provide off street parking.
Location Lemington is a popular village situated to the west of Newcastle upon Tyne, enjoying a pleasant position close to the River Tyne.
The area offers a range of local shops and amenities, together with public transport links and convenient road connections providing access into Newcastle city centre and the surrounding areas.
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.
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 of 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: Freehold
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 advisors 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 Montague Street, Lemington, Newcastle upon Tyne
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