6-bedroom detached house · NE2 3LA
For saleListed 102 days
Opportunity summary
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About
Available with no onward chain!
Craignethan provides a fabulous, six bedroom, three storey detached house, constructed in 1906, located in a prime residential area of Jesmond with good accessibility to local amenities including independent shops, cafés and restaurants as well as some of the region’s finest independent schools.
This highly impressive property, which has been improved and extensively refurbished throughout by the current owner, has a great deal of style and character with lovely building features.
The well-proportioned rooms have high ceilings, ornate original plasterwork, panelled doors, stained leaded glass and there is a superb entrance hall and staircase.
The versatile accommodation extends to circa 3803 sq ft and comprises: Ground Floor: Entrance porch | Reception hallway with cloakroom WC and staircase to first floor | Drawing room with a beautiful Inglenook fireplace with modern inset wood burning stove and a lovely bay window | Dining room, currently utilised as a playroom | Rear sitting room/family room, connecting to the kitchen via a conservatory and garden room, creating a superb day to day living space at the rear of the house overlooking the garden | The kitchen is very well equipped and fitted with a range of hand-painted wood cabinets and top of the range Sub-Zero and Wolf refrigeration and cooking appliances | Large boot room | Utility and laundry room with access to the garage First Floor: Principal bedroom suite with superb bay window, built in wardrobes and luxury en suite bathroom/WC | Two further large double bedrooms | Family bathroom/WC with corner Jacuzzi bath and steam/sauna room double shower | Store room Second Floor: Two further generous double bedrooms with sitting areas | A further single bedroom currently utilised as an office space | Shower room/WC | Large store room | Access to a boarded loft Externally: Landscaped rear garden, ideal for enjoying the afternoon and evening sunshine, with lawn, paved patio area for al fresco dining, excellent play area and Wendy house | Front garden with a pedestrian gate benefitting from secure intercom access, as well as electronic double gates leading to a driveway providing generous parking and leading to a single garage Services: Mains gas, electric, water & drainage | Tenure: Freehold | Council Tax Band: G | EPC: D
Value & comps
No previous sales on record.
Returns
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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 Craignethan, Mitchell Avenue, Jesmond, Newcastle Upon Tyne
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