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See how verdicts work2-bedroom property · NE3 2HJ
Listing removedListed 297 days
Opportunity summary
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About
Park Avenue is an ideally situated two bedroom first floor apartment in Gosforth.
This spacious apartment is within walking distance to Gosforth High Street, Regent Centre and has easy access into Newcastle City Centre. Additionally, there are local shops on Great North Road.
The accommodation comprises: Ground floor: Entrance vestibule. First floor: Landing, sitting room/dining room, kitchen, principal bedroom, bedroom two, bathroom/wc. Outside: Side garden.
Situation: Located just off Great North Road close to Regents Centre and Gosforth High Street.
This is a popular location as it has good transport links into Newcastle city centre via bus, road and metro. Local shops are on hand with further choice on Gosforth High Street.
There is schooling for all ages and a number of sports & leisure clubs on hand. Gosforth is to the north of the city and links up well with Northumberland’s beautiful countryside.
There is also the A1 truck road that allows for regional access.
Description: Originally a 3 bedroom first floor apartment this property has 2 double bedrooms and a larger sitting room which allows for a separate dining area.
Ideal for first time buyers and couples this property has gas central heating and double glazing installed.
The flat has a lovely bright and airy feel with larger style windows and an internal inspection is essential.
The front door is to the side elevation and opens to the vestibule where stairs lead up to the landing. All the rooms run off the landing.
The living area looks out towards Park Avenue and includes ample space for a dining table and chairs.
Large double glazed windows allowing natural light to fill this spacious room with a fireplace and electric heater.
The kitchen includes wall and base units, houses the boiler (recently serviced) and includes a washing machine. A door from the kitchen leads down and out to the side.
The principal bedroom is a large room that faces over the front of the property. The second bedroom is another spacious bedroom, this room looks over the rear.
The bathroom includes a half tiled suite including a bath with a shower over, W/C and sink.
Outside: The garden is located along the side of the property between the front wall to the stairs to the entrance. On Street parking.
There is under stair storage that is suitable for bikes / garden tools. No upward chain. EPC Rating: C
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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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FAQ
About Park Avenue, Gosforth, NE3
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