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See how verdicts work1-bedroom flat · NE3 1EF
For saleListed 94 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An attractive one bedroom purpose built apartment situated to the first floor of this contemporary residential development.
Presented to an excellent standard, the apartment enjoys pleasant aspect from a balcony over the central courtyard and secure underground parking.
Grove Park Oval is ideally placed within central Gosforth, just a short distance from Gosforth High Street with its excellent range of cafés, restaurants, shops and local amenities.
Ilford Road and South Gosforth Metro Stations are also within walking distance, providing convenient access into Newcastle City Centre and beyond.
The internal accommodation comprises: Secure communal entrance | Stair & lift access to all floors | Private entrance at first floor level | Entrance hallway with useful cloaks cupboard | Open plan kitchen/dining/living room with direct access onto the private balcony | The kitchen benefits from a breakfast bar and some integrated appliances | Double bedroom with fitted storage | Well appointed bathroom with contemporary three piece suite.
Externally, the property has the private usage of the balcony overlooking the central courtyard | Communal gardens | One allocated underground parking bay.
Offered to the market with No Onward Chain, early viewings are highly encouraged.
Services: Mains electric, water & drainage | Tenure: Leasehold | Lease Remaining: 176 Years | Service Charge: £2,254 p/a | Ground Rent: £250 p/a | Council Tax: Band C | EPC: Rating C
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
FAQ
About Grove Park Oval, Gosforth, Newcastle Upon Tyne
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