2-bedroom flat · NE3 1QB
Sold STCListed 130 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO ONWARD CHAIN!
Ideally located on Sandringham Road, South Gosforth, this perfectly placed upper ‘Tyneside’ flat is a stone’s throw from South Gosforth Metro Station and walking distance to Gosforth High Street with its independent shops, cafes, restaurants and bars.
The property briefly comprises an entrance hall with stairs to first floor landing; two double bedrooms, one to the front one to the rear; lounge to the front with a bay window and feature fireplace; dining room, leading to a fitted kitchen with appliances including a gas hob and electric oven; to the rear, the bathroom WC.
Externally, a private yard to the rear and on street parking to the front. With no onward chain, early viewings are a must.
Upper Floor 'Tyneside' Floor Flat | 791 Sq ft (73.5 m2) | Lounge | Dining Room | Two Bedrooms | Kitchen | Bathroom WC | Great Location | Private Rear Yard | On Street Parking | GCH & DG | Leasehold - Tyneside Lease with Peppercorn Rent - 956 Years Remaining | Council Tax Band A | EPC Rating: D
Value & comps
No previous sales on record.
Returns
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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.
Area
Agent & docs
FAQ
About Sandringham Road, Gosforth, Newcastle upon Tyne
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