1-bedroom flat · NE2 2QX
Sold STCListed 298 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Location, location, location! A spacious conversion apartment occupying the ground floor of this proud Victorian terrace and ideally located to the south-backing side of Fern Avenue, Jesmond.
Close to excellent local transport links, Fern Avenue is just a short walk from Jesmond Dene as well as the shops, restaurants and cafés of Jesmond.
The accommodation briefly comprises; communal entrance through to an impressive open plan living space with an 18ft living area with tall ceilings, ornate cornice, walk-in bay and feature fireplace, the kitchen and dining area have french doors out to the rear garden and stripped wooden flooring; there is 16ft bedroom with built-in storage and stylish bathroom to the rear with four piece suite including step in shower and freestanding bath.
With a communal town garden to the front, the rear is split between this flat and upstairs and boasts a south facing aspect, patio with feature planting and lawned area. Early viewings recommended!
Victorian Conversion Apartment | 680 sq ft (63.2 m2) | Ground Floor | 32ft Open Plan Living Space | One Double Bedroom | Stylish Bathroom | South Facing Garden | Period Features | Excellent Location | Leasehold - Share of Freehold - 958 Years Remaining | Service Charge Ad-Hoc | Council Tax Band B | EPC 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 Fern Avenue, Jesmond, Newcastle upon Tyne
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