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See how verdicts work2-bedroom flat · NE2 2SU
Sold STCListed 27 days
Opportunity summary
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About
STYLISH GROUND FLOOR CONVERSION APARTMENT with PRIVATE WEST FACING COURTYARD & NO ONWARD CHAIN!
This great ground floor Victorian conversion apartment is ideally placed on St George's Terrace, Jesmond. St.
Georges Terrace is perfectly placed close to the shops and cafés culture of Acorn Road, countless great restaurants and indeed West Jesmond Metro Station which is only a short walk away.
Available for immediate possession and boasting in excess of 700 Sq ft, the apartment occupies the ground floor of this conversion and the accommodation briefly comprises: communal hallway; lounge with walk-in bay and feature fireplace and gas insert; two bedrooms and a re-fitted, fully tiled shower room with recessed spotlights.
The apartment also boasts a generous kitchen/diner to the rear with integrated appliances, granite work-surfaces and access to a private west backing rear courtyard.
Well presented throughout, with polished wooden flooring, gas 'Combi' central heating and double glazed windows, an internal inspection is simply a must!
Ground Floor Conversion Apartment | 720 Sq ft (66.9 m2) | Two Bedrooms | Lounge | Great Location | Refitted Kitchen/Diner & Shower Room | Private West Backing Courtyard | Well Presented | No Onward Chain | GCH & DG | Leasehold - Share of Freehold with 982 Years Remaining | Service Charge Ad-Hoc | Council Tax Band B | EPC Rating: D
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
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FAQ
About St George's Terrace, Jesmond, Newcastle upon Tyne
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