5-bedroom house · NE2 1HQ
For saleListed 58 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This unique opportunity to purchase a pair of flats in Jesmond Vale, offering a total of five double bedrooms, two reception rooms, two kitchens and two bathrooms.
The properties are currently tenanted, achieving a combined income of £2,295 pcm, and is therefore particularly suitable for investors seeking an established rental asset.
The EPC ratings are C(lower) & D(upper) and the council tax bands are A(lower) & B(upper).
Located in a sought-after area of Newcastle upon Tyne, the property benefits from good public transport links.
Jesmond and Haymarket Metro stations are both within easy reach, providing regular services across the city and to the coast, as well as connections to Newcastle Central Station for mainline services to Edinburgh, London and other major cities.
Local bus routes run frequently into Newcastle city centre, with typical journey times of around 10–15 minutes, depending on route and traffic.
The immediate area offers a range of local amenities, including independent cafés, bars and restaurants in Jesmond and Sandyford, along with supermarkets and everyday shops.
The property is also well placed for access to Jesmond Dene and Exhibition Park providing green space, walking routes and recreation areas.
This super arrangement, offered on one Freehold title, presents a practical and income-producing investment in a consistently popular rental location.
Please note that an aml fee is chargeable once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.
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
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
FAQ
About 30 & 32, Grosvenor Gardens, Newcastle Upon Tyne
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