2-bedroom flat · NE2 4LS
Listing removedReduced £50 (−5.3%) on 11 SepListed 108 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available from 14th September 2026 Reeds Rains is delighted to present this two-bedroom ground floor flat, perfectly situated on the edge of the city centre.
This prime location is ideal for professionals, with Newcastle University and the Dental School, located at the top of Richardson Road.
This property features: Two Double Bedrooms: Each room is furnished with matching neutral furniture, including beds, wardrobes, and chest of drawers, providing a comfortable and cohesive living space.
Living Area: The living room is equipped with two comfortable sofas, offering space for relaxation and socialising.
Kitchen: Adjoining the living area, the kitchen is fitted with appliances and storage, making it perfect for both cooking and entertaining.
Bathroom: The bathroom suite includes both a bath and shower, catering to all preferences and ensuring convenience for all occupants.
This fantastic flat combines comfortable living with a convenient location, making it an ideal choice for those looking to be close to Newcastle University and the city centre.
Don't miss out on this opportunity!
Material Information Flood Risk River and Sea: Very Low Surface Water: High Utilities and Services Electricity: Mains Water: Mains Sewerage: Mains According to the Ofcom website Broadband highest download speeds are: Standard 9 Mbps Superfast 105 Mbps Ultrafast 1000 Mbps Satellite and Cable TV availability Virgin Media, Openreach, Cityfibre Mobile coverage is offered by Limited - EE, Three Likely - O2, Vodafone Planning/Development We have been informed by the landlord that they are not aware of any planning or development plans at this property or in the surrounding areas.
The landlord may not have complete awareness of all planning and development applications in the nearby areas.
Important Note to Potential Purchasers & Tenants: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
GOS120066/8 Entrance Hall Doors to: Bedroom One Double glazed window. Radiator. Double bed, wardrobe and desk. Bedroom Two Double glazed window. Radiator., Double bed, Wardrobe, desk.
Living Room Double glazed window. Storage cupboard. Sofa. Door to kitchen. Kitchen Fitted with a range of wall and base units.. Integrated fridge. Washing machine.
Gas hob and electric oven with filterhood over. Combi boiler. Radiator. Double glazed window. Door to: Rear Lobby Storage cupboard housing freezer.
Door to: Bathroom Fitted with a white suite comprising panelled bath with mains shower over. Pedestal wash hand basin. Low level w.c. Double glazed window. Yard Gated access to rear lane.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
.png)
FAQ
About 1, Chippendale Place, Newcastle Upon Tyne
Explore nearby