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See how verdicts work3-bedroom flat · NE2 1NS
Sold STCListed 234 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An ideal investment opportunity, with open aspect views and walking distance to Newcastle City Centre!
This ground floor 'Tyneside' flat is ideally placed on Goldspink Lane, in the popular suburb of Sandyford.
Close to Jesmond Dene, the local shops cafés and restaurants, Sandyford gives great access to the nightlife of Jesmond whilst still being within only a short walk to Newcastle City Centre.
Currently tenanted achieving £17160pa with new tenants due to move into the property for the 26/27 academic year.
Well presented throughout and with open aspect views over the Ouseburn, the accommodation briefly comprises: entrance hall with access to two of the three bedrooms, bathroom and open plan lounge/ kitchen with a door leading out to the rear courtyard.
The kitchen is fitted wall and base units and work surfaces, with an integrated oven, hob and extractor, bathroom with three piece suite including bath with shower over, the third bedroom is situated to the rear off the lounge, bedroom one and with walk in bay and views over the Ouseburn.
Externally, a small courtyard with fenced boundaries. Benefitting double-glazing and gas central heating this great apartment is an opportunity not to be missed!
PRIMARY SERVICES SUPPLY Electricity: MAINS Water: MAINS Sewerage: MAINS Heating: GAS CENTRAL HEATING Broadband: FIBRE Mobile Signal Coverage Blackspot: NO - PARTIALLY LIMITED Parking: ON STREET PERMIT PARKING MININGThe 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
FAQ
About Goldspink Lane, Sandyford, Newcastle Upon Tyne
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