2-bedroom flat · NE3 1NH
For saleReduced £5k (−3.7%) on 3 OctListed 74 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Offered for sale is this attractive two-bedroom apartment, located in the sought-after neighbourhood of Gosforth, Newcastle upon Tyne.
This residence is part of an exclusively designed community for those aged 55 and over, ensuring a peaceful and content lifestyle within a friendly and secure complex, whilst also being offered with no onward chain.
Located on the top floor of the development, with lift access, ensuring a quiet and peaceful home.
As the property is located at the rear of the development this also offers the added advantage of views over the enclosed private gardens.
As you enter the apartment, you're welcomed by a bright reception area that nicely connects the various rooms.
Each of the two bedrooms offers ample space, finished in a tasteful dcor - providing an inviting canvas to make your own.
The bathroom reflects a minimalistic layout, with modern fixtures and fittings and walk-in shower along with adaptions for ease of use.
The home comes complete with an Energy Performance Certificate rating of C, indicating a good level of insulation and modern energy efficiency measures, helping to keep costs down.
Furthermore, the property qualifies for Council Tax Band D, falling within a reasonable bracket.
Living in Gosforth provides a suburban haven away from the hustle and bustle of central Newcastle, offering a flawless blend of convenience and tranquillity.
The complex itself is close to local amenities such as shops, recreation centres and public transport links, making your day-to-day errands hassle-free.
The property also benefits from residents parking on site.
Take advantage of this wonderful opportunity to secure a residence that provides a balance between independent living and a sense of community, perfect for those over 55 seeking a comfortable and manageable home.
This apartment in Gosforth is not to be missed, representing a great value in a fantastic location. Council Tax Band: D Tenure: Leasehold Length of Lease: 115 Annual Service Charge Amount: 2,680.00
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
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FAQ
About Flat 46 - 36 Ettrick Lodge, The Grove, Newcastle upon Tyne
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