1-bedroom flat · NE3 1LL
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary *Investment property* *Sold with tenant in situ* We are delighted to present for sale this lovely, one-bedroom apartment situated in the highly desirable area of Gosforth, Newcastle upon Tyne.
On entering the property, you will discover a well-appointed reception room, which offers an excellent space for relaxation and entertainment, adorned with a tasteful dcor that enhances the overall ambience.
The room benefits from plenty of natural light, ideal for illuminating your living space during the day.
Off the reception room, there is a modern kitchen that is fully fitted with an array of essential appliances, promising a great space for any cooking enthusiasts out there.
The bedroom is generously proportioned, providing ample space for furniture, whilst maintaining its welcoming, cosy atmosphere.
The property completes with a contemporary, well-maintained bathroom, Shower, wash basin, and toilet. The bathroom sports a clean, modern look ensuring comfort and sophistication.
Externally, the apartment is set in a highly sought-after location, offering excellent transport links, within proximity to local amenities and is surrounded by an array of parks, ideal for those with a love for the outdoors.
As an investor looking for a turnkey investment, and property with a high rental demand, this apartment in Gosforth, Newcastle upon Tyne, is a fantastic opportunity not to be missed!
Viewings are highly recommended to truly appreciate what this property has to offer. Contact Pattinson Estate Agents today to arrange your personal tour.
360 Tour Walk through ~ Council Tax Band: A Tenure: Leasehold Length of Lease: 58 Annual Ground Rent Amount: 455.00 Ground Rent Review Period: Half yearly payment 227.50 Annual Service Charge Amount: 2,310.00 Service Charge Review Period: Half yearly payment 1155 Shared Ownership Percentage: 100
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 49 Homeforth House, High Street, Newcastle upon Tyne
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