4-bedroom flat · NE2 3BG
For saleListed 158 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic rare opportunity to purchase this four bedroom duplex apartment with no onward chain set within the Abbot Memorial Building Princess Mary Court, a gated secure property development.
Originally constructed in 1867 the duplex apartment boasts over 2300 square feet and provides a flexible arrangement over its main living space, enhanced by a mezzanine level that can be used for additional seating, a study area or hobbies.
The main lounge dining area benefits from substantial windows, bringing in good natural light and giving a pleasant outlook.
There is a well equipped kitchen, two bedrooms and a shower room WC on the ground floor, of which one of these bedrooms can be used as a second reception room if desired.
Stairs leading to the second floor where there is the master bedroom with an ensuite bathroom WC, second bedroom with a second bathroom WC and access to the Mezzanine.
All of this makes the property suitable for households needing multiple bedrooms and washrooms.
The property can also appeal to investors as the prospective rental income in current market conditions is £4000pcm.
Externally there are well maintained communal gardens and two allocated parking spaces, a useful advantage in this popular neighbourhood.
The local area offers a mix of open green spaces and historic architecture, with easy access to Jesmond Dene and other parkland for walks and recreation, as well as nearby cafes, restaurants and everyday amenities on Clayton Road and around Jesmond.
Public transport is convenient, with Jesmond and West Jesmond Metro stations within easy reach, providing regular services into Newcastle city centre and beyond.
Newcastles' Town Moor and parks are within easy reach too.
Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Gas central heating Broadband: Fibre Mobile Signal Coverage Blackspot: No Parking: Two allocated parking spaces 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
Value & comps
No previous sales on record.
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 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 44, Princess Mary Court, Newcastle Upon Tyne
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