2-bedroom flat · NE13 9FL
Sold STCListed 375 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
REDUCED MARKET VALUE SCHEME | BUYING CRITERIA APPLIES | TWO BED APARTMENT Brunton Residential are delighted to offer for sale this 'Aiden' style apartment by Persimmon, which offers a perfect blend of comfort and convenience.
With two well-proportioned bedrooms, this property is ideal for couples, or individuals seeking a peaceful retreat in a vibrant city.
This property is well-served by local schools, including Brunton First School and Great Park Academy, which caters to a range of educational needs.
For shopping, residents have access to Morrisons for everyday essentials and the nearby Kingston Park Retail Park for larger retail options, including Tesco Extra.
Havannah Nature Reserve is ideal for walking and cycling.
Transport links are excellent, with easy access to the A1, Kingston Park Metro Station for public transport to Newcastle city centre, and Newcastle International Airport for travel further afield.
Combining good schools, shopping amenities, green spaces, and connectivity, the area is a desirable location for families and professionals alike.
The property is situated on a generous corner plot with an external patio area, accommodation comprises; entrance hallway with access to an open plan lounge kitchen area.
The kitchen offers a range of wall and floor units with coordinated work surfaces along with electric oven and gas hob.
There are two double bedrooms of similar size with space for wardrobes and a fitted three piece family bathroom with a shower over the bath.
Externally there are a range of managed communal areas along with a private allocated parking space and is accessed via a secure entry system linked direct to the apartment.
Tenure The agent understands the property to be leasehold. However, this should be confirmed with a licenced legal representative.
This home is available to buy under a Newcastle City Council reduced value purchase scheme, you will own 100% of the property but you will have the benefit of paying just 70% of the value with the restriction of not being able to rent the property out and only being able to sell for the same percentage value for which you originally purchased.
Further restrictions and criteria apply.
Council Tax Band B Hallway - Door to: Lounge - 3.70m x 4.88m (12'2" x 16'0") - Two windows to front, double door, open plan, door to: Kitchen - 3.70m x 2.60m (12'2" x 8'6") - Window to front.
Bedroom - 3.37m x 3.37m (11'1" x 11'1") - Window to rear, door to: Bathroom - Window to rear. Bedroom - 3.78m x 2.75m (12'5" x 9'0") - Window to side.
Disclaimer - The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
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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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
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FAQ
About Wisteria Place, Great Park, NE13
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