2-bedroom flat · NE12 9DP
Listing removedListed 124 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a highly regarded residential area we welcome to the market this well presented first floor flat on Nicholson Terrace.
Ideally situated for access to local amenities, schools, road and transport links to both Newcastle and the coast. Step inside and the staircase gives access to the generous accommodation.
The spacious lounge dining room has ample room for entertaining and benefits from two windows to the rear flooding the room with natural light.
The kitchen is well appointed and offers a good range of wall and base units both stylish and functional with a staircase leading to the rear yard.
The property has two bedrooms with the master being of a particular generous size and modern bathroom with over bath shower catering to both preferences which completes the accommodation.
Externally you will find a gravelled area to the front with an enclosed yard to the rear, an excellent choice for a first time buyer to get on to the property ladder or an ideal investment opportunity, internal inspection welcome .
Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains/Gas Broadband: Fibre To Premises Mobile Signal Coverage Blackspot: No Parking: On Street Permit Parking: £25 Per Year.
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. Tenure Leasehold. It is understood that this property is leasehold.
Should you decide to proceed with the purchase of this property, the Tenure and associated details and costs must be verified by your Legal Advisor before you expend costs.
Length of Lease: 999 years from 02/10/1987 Ground Rent: Peppercorn Service Charge: N/A Any Other Charges/Obligations: N/A
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
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FAQ
About 44, Nicholson Terrace, Newcastle Upon Tyne
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