2-bedroom flat · NE32 4XF
Listing removedListed 75 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Chase Holmes welcome to the market this GROUND FLOOR FLAT. Boasting a low maintenance rear garden and GARAGE in separate block.
Comprising briefly of an entrance porch, lounge, kitchen, bathroom and two DOUBLE BEDROOMS. Externally to the rear lies a LOW MAINTENANCE garden.
The property also benefits from a GARAGE in a separate block. Situated on the ever popular Fellgate Estate, close to local shops, bus routes and Metro. Viewings come highly recommended!
Call today for more information.
Auctioneers Comments: This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional.’ Entrance Via UPVC double glazed door. Lounge 3.28m x 4.53m With UPVC double glazed window, coving to ceiling and electric storage heater.
Kitchen 2.05m x 2.64m Range of wall and floor units with contrasting work surfaces, sink with mixer tap and drainer, electric cooker, plumbing for washing machine, tiled floor, tiled walls, UPVC double glazed window and UPVC double glazed door to rear.
Inner Vestibule With storage cupboard.
Bathroom 1.68m x 2.04m White three piece suite with low level WC, pedestal hand wash basin, panelled bath, overhead shower, electric radiator, tiled floor, tiled walls, coving to ceiling and UPVC double glazed window.
Bedroom Two 2.72m x 2.94m With UPVC double glazed window, two storage cupboards, coving to ceiling and electric storage heater.
Master Bedroom 2.73m x 3.66m With UPVC double glazed window, two storage cupboards, coving to ceiling and electric storage heater. Front Garden Front External With paved path.
Rear Garden Rear External Low maintenance garden with outside tap, planted borders, fenced and walled boundaries.
Parking - Garage Garage Single garage in separate block with up and over door.
Disclaimer These particulars,whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract.
Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy.
No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
All measurements are approximate using a Sonic tape and should not be relied upon for complete accuracy.
If you require exact measurements, please ask one of our negotiators to arrange an appointment to view the property, when your own measurements may be taken.
It should not be assumed that the property has all necessary planning, building regulation or other consents. The Agent has not tested any services, equipment or facilities.
Purchasers must satisfy themselves by inspection or otherwise.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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

FAQ
About Leicester Way, Jarrow, NE32
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