1-bedroom flat · NE3 1LL
Listing removedListed 138 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well appointed one bedroom flat located within this popular residential development close to Gosforth High Street for the over 55s.
The property benefits from a range of modern fixtures and fittings together with communal lounge, laundry room and residents parking.
It is conveniently located close to shops amenities bus and metro links.
Tenure: Leasehold 139 years from 1985 (98 years remaining) Ground Rent: £227.00 per 6 months - Review Period: Tbc - Increase Amount: Tbc Service Charge (includes building insurance): £1,154.00 per 6 months - Review Period: Tbc - Increase Amount: Tbc Council Tax Band: A EPC Rating: C Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Electric 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 parking boats, caravans or mobile homes on site.
Accessibility This property has accessibility adaptations: • Suitable for wheelchair user • Level access • Lift access • Ramped access • Wet room • 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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisors 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.
Area
Agent & docs
.png){kind=logo}
FAQ
About 27, Homeforth House, High Street, Newcastle Upon Tyne
Explore nearby
