2-bedroom flat · NE2 1HR
Sold STCListed 179 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Priced to reflect cosmetic updating and offered to the market with no onward chain. This two-bedroom lower 'Tyneside' flat ideally located Wolseley Gardens, Jesmond Vale.
Close to Jesmond Dene, the cafés, shops and restaurants of Jesmond, excellent local transport links and indeed Newcastle City Centre itself, Jesmond Vale is the perfect location for professional buyers.
The accommodation briefly comprises: entrance lobby through to entrance hall; sitting room with stripped wood flooring and fitted alcove storage; kitchen with fitted units, work surfaces and side door access to the yard; bathroom with three piece suite; two bedrooms, both with stripped wood flooring and bedroom one with walk in bay and feature fireplace.
Externally, a private rear yard with wall boundaries and gated access to the rear service lane.
Ground Floor 'Tyneside' Flat | Two Bedrooms | 642 Sq ft (59.6m2) | Sitting Room | Kitchen | Bathroom | Private Rear Yard | No Onward Chain | Leasehold - Tyneside Lease with Peppercorn Rent - 957 Years Remaining | Council Tax Band A | EPC:Rating D
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 Wolseley Gardens, Jesmond Vale, Newcastle upon Tyne
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