2-bedroom flat · NE2 2BP
Listing removedListed 917 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The property is within walking distance of West Jesmond Metro Station and there is also good bus and road links to the City Centre and surrounding areas.
The property briefly comprises of; entrance lobby, hallway, open plan lounge with Juliet balcony, fitted kitchen with integrated appliances, two double bedrooms, master with en-suite and bathroom.
The property also benefits from secure off street gated parking, intercom entry system and a lift.
*** EPC RATING B *** COUNCIL TAX BAND C *** CURRENTLY RENTED UNTIL 24/8/24 AT £1000.00 PCM *** GROUND RENT £100 PA WITH £5.00 ADMIN FEE PAYABLE TO GALA UNITY *** ANNUAL SERVICE CHARGE 1/1/24 TO 31/12/24 IS £2861.81 *** WE ALSO HOLD A DEED OF CERTIFICATE (BUILDING ACT 2022) TO COVER ANY FUTURE PROBLEMS FOR THE BUILDING*** LEASE IS 125 YEARS FROM 10TH MAY 2004 ***
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 Connaught Mews, Jesmond, Newcastle Upon Tyne
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