We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · NE1 4DD
For saleReduced £10k (−7.1%) on 30 SepListed 86 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spacious two bedroom second floor apartment, presenting an excellent opportunity for both investors and owner occupiers seeking a property in the heart of Newcastle City Centre.
Priced to reflect the opportunity for cosmetic updating, the apartment offers fantastic potential to create a stylish city home or a rewarding investment.
Ideally situated for access to many of Newcastle's key landmarks, including the rvi Hospital, Newcastle University, the Medical School, St James' Park, Eldon Square Shopping Centre, Northumbria University and Newcastle Central Station.
The property enjoys exceptional convenience, with excellent transport links and a wealth of shops, restaurants, cafés and leisure facilities within the city centre, making this an ideal location for professionals, students and commuters alike.
The apartment is located on the second floor which is accessible via both lift and staircase.
The accommodation briefly comprises a welcoming entrance hall leading to a spacious open plan lounge and kitchen, providing a comfortable and sociable living space.
There are two well proportioned bedrooms, including a generous double and a versatile single bedroom, together with a bathroom which is fitted with a bath with shower over.
Externally, the property benefits from an allocated parking space, a highly desirable feature within the city centre, together with access to well maintained communal gardens.
Combining spacious accommodation, outstanding potential and an enviable central location, this apartment represents a fantastic opportunity to acquire a property in one of Newcastle's most sought after areas.
Early viewing is highly recommended.
EPC Rating: C Hallway (5.47m x 0.91m) Lounge (5.44m x 4.73m) Kitchen (2.71m x 1.99m) Bedroom One (3.70m x 2.56m) Bedroom Two (3.68m x 2.66m) Bathroom (1.93m x 1.66m) Property Information Local Authority: Newcastle Upon Tyne Flood Risk: This property is listed as currently having very low risk of flooding although we have not seen any legal written confirmation to be able to confirm this.
Please contact the branch if you have any queries in relation to the flood risk before proceeding to purchase the property.
TV and Broadband: BT, Virgin and Sky - Basic, Superfast, Ultrafast Mobile Network Coverage: EE, Vodafone, Three, O2 Please note, we have not seen any documentary evidence to be able to confirm the above information and recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
Recording Devices Please be aware that some properties may be equipped with CCTV, video doorbells, or other recording devices (including internal audio/video surveillance) for security purposes.
While viewings are conducted in private homes, we ask that all attendees respect that the property owner may choose to monitor or record access to their home.
If you have any concerns regarding this, please speak to a member of our team prior to your appointment.
We have advised all vendors that any recording during viewings should be disclosed and used strictly for personal purposes only, in accordance with data protection and privacy laws.
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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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 advisers 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.
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FAQ
About 38 The Chare, Newcastle Upon Tyne
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