2-bedroom bungalow · NE3 2QG
For saleListed 101 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
75% Shared Ownership – £75,000 A modern two bedroom mid link bungalow for the over 55s, located within a popular residential development.
The accommodation comprises an entrance hallway, sitting room, conservatory, kitchen, bathroom and two bedrooms. There are communal gardens as well as residents’ parking.
The property benefits from UPVC double glazing and gas fired central heating.
Tenure: Leasehold 99 years from 1999 (72 years remaining) Ground Rent: £tbc per (6 months/ annum) - Review Period: Tbc - Increase Amount: Tbc Service Charge: £tbc per (6 months/ annum) - Review Period: Tbc - Increase Amount: Tbc Council Tax Band: EPC Rating: Tbc Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains Gas Broadband: Tbc Mobile Signal Coverage Blackspot: No Parking: Residential 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.
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 8, Espley Court, Newcastle Upon Tyne
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