2-bedroom flat · NE6 5JB
For saleListed 12 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Agent notice This property is subject to Probate, and the sale is reliant upon the grant of probate.
For sale: A two-bedroom semi-detached flat offering a clear renovation opportunity in a popular residential area of Newcastle upon Tyne.
Set within a row of similar brick-built homes, the property is approached via steps from the street, giving an elevated outlook.
Inside, there is one main reception room with a bay-style window, providing good natural light and a workable square layout for a future lounge or living/dining space.
The separate kitchen and bathroom both require full refurbishment, as do the two double bedrooms, which currently have exposed floorboards and basic finishes.
Throughout, the flat needs updating and would particularly suit an investor or builder seeking a project with scope to add value.
Shaftesbury Grove is well placed for local amenities, with everyday shops, cafes and takeaways available around Chillingham Road and Shields Road.
Heaton Park and the Ouseburn riverside are within easy reach for green space and walking routes.
Chillingham Road Metro station is approximately 10–15 minutes’ walk, providing regular services into Newcastle city centre in around 10 minutes.
Local bus routes along nearby main roads also link to the city centre, universities and surrounding districts, making the flat a practical base for commuters or future tenants.
The property falls within Council Tax band A, which may appeal to cost-conscious buyers.
Please note, should an offer be accepted, a non-refundable charge of £49 plus vat will be payable and taken by phone as part of our clients purchaser compliance call before a memorandum of sale can be issued.
Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Gas central heating Broadband: Not installed currently Mobile Signal Coverage Blackspot: No Parking: On street parking mining: The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.
Confirmation should be sought from a conveyancer as to its effect on the property, if any.
Please note that the aml fee covers the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
Entrance Hall Lounge - 15'1 x 12'7 (4.58m x 3.83m) Kitchen - 12'3 x 11'11 (3.73m x 3.63m) Bedroom One - 12'11 x 11'5 (3.95m x 3.49m) Bedroom Two - 11'6 x 10'1 (3.52m x 3.06m) Bathroom WC - 7'11 x 5'8 (2.40m x 1.72m)
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 24, Shaftesbury Grove, Newcastle Upon Tyne
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