2-bedroom flat · NE2 4LR
For saleReduced £10k (−6.9%) on 9 JulListed 249 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well-presented ground floor flat offers an excellent opportunity to acquire a spacious home in a highly sought-after location.
Boasting two generously sized bedrooms, this property is perfectly suited to first-time buyers, investors, or those seeking a comfortable, home with character features and modern conveniences.
The entrance hallway immediately sets the tone with its traditional-style coving and a decorative archway enhanced by elegant corbels, adding period appeal to the property.
The lounge, situated to the rear, provides a comfortable living space with access to the fitted kitchen.
The kitchen itself offers a range of wall and base units, built-in cooking appliances, and a practical layout. A door leads directly out to the rear yard.
From the kitchen, there is access to the bathroom, fitted with a white suite.
The two bedrooms are both well proportioned, with the principal bedroom featuring additional period style detailing including coving to the ceiling and chimney breast, as well as a decorative fireplace, creating a charming focal point.
Externally, the property benefits from a rear yard which has been predominantly block paved.
This versatile space can also be used for off-street parking, with access available via double gates from the rear service lane.
The property is ideally positioned to take advantage of a range of nearby local amenities, schools, and shops, with transport routes and services making it ideal for commuters.
Overall, this delightful flat combines attractive traditional features with practical living space, making it a property that will appeal to a wide range of buyers.
EPC Rating: D Lounge (5.41m x 3.81m) Kitchen (3.56m x 1.98m) Bedroom One (4.65m x 3.56m) Bedroom Two (2.79m x 2.67m)
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 76 Ancrum Street, Newcastle Upon Tyne
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