2-bedroom flat · NE3 1BP
For saleListed 114 days
Opportunity summary
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About
A stylish and well presented ground floor apartment, occupying an enviable position within the highly sought after Grove Park development in the heart of Gosforth, with secure entry and an allocated parking space.The development is ideally placed within central Gosforth, just a short distance from Gosforth High Street with its excellent range of cafés, restaurants, shops and local amenities.
Ilford Road and South Gosforth Metro Stations are also within walking distance, providing convenient access into Newcastle City Centre and beyond.
The accommodation comprises: Secure communal entrance | Private ground floor entrance | Welcoming reception hallway | Principal double bedroom with fitted wardrobes and ensuite shower room/WC | Second double bedroom with fitted wardrobes | Family bathroom/WC | Spacious and light-filled sitting/dining room providing excellent entertaining space | Well maintained fitted kitchen with a range of integrated appliances.Externally, the apartment benefits from one allocated parking space together with well-maintained communal grounds.A superb apartment, perfectly suited to professionals, downsizers and investors alike, offering spacious accommodation within one of Gosforth's most desirable residential developments.Services: Mains electric, gas, water and drainage | Tenure: Leasehold | Lease Remaining: 176 years | Service Charge: £3,376 per annum | Ground Rent: £250 per annum | Council Tax: Band C | Energy Performance Certificate: Rating C.
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
Agent & docs
FAQ
About Grove Park Crescent, Gosforth, Newcastle upon Tyne
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