1-bedroom flat · NE3 2NZ
Listing removedReduced £9.9k (−10%) on 21 JulListed 204 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A stylish and spacious 1 bedroom retirement apartment located on the top floor of this popular residential development benefiting from an elevated southerly facing aspect.
This much improved property features a quality fitted kitchen with integrated appliances, modern bathroom suite with double shower and upgraded electric heaters.
The property also benefits from an additional reception room with Velux window. There is a communal lounge within the development as well as in house manager.
There are well maintained communal gardens together with residents parking. There are also frequent transport links nearby.
Tenure: Leasehold 125 years from 2001 (100 years remaining) Ground Rent: £774.38 per annum - Review Period: Tbc - Increase Amount: Tbc Service Charge (Includes building insurance): £3224.56 per annum - Review Period: Tbc - Increase Amount: Tbc Council Tax Band: B EPC Rating: D Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains Broadband: Tbc Mobile Signal Coverage Blackspot: No Parking: Communal Parking Mining The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.
Confirmation should be sought from a conveyancer as to its effect on the property, if any. Restrictions and rights Restrictions on property?
Yes: No keeping pets, running a business, sub-letting, parking boats, caravans or mobile homes on site, holiday home-use.
Accessibility This property has accessibility adaptations: • Suitable for wheelchair user • Level access • Lift access • Ramped access • Wide doorway
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
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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
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FAQ
About 42, Broadway Court, Highbridge, Newcastle Upon Tyne
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