We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom flat · NE2 2JL
Sold STCListed 187 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This impressive and larger style 3 bedroom ground floor apartment offers great versatility in the heart of Jesmond and will have to be viewed to be appreciated.
Accommodation comprises: Ground floor: Entrance vestibule, hallway, principal bedroom, bedroom 2, sitting room, kitchen, rear hallway, bedroom 3, bathroom/wc.
Outside: Front town garden, rear courtyard. Situation: Positioned close to The Cradlewell is Buston Terrace.
Located in Jesmond which is a very popular area for first time buyers and young professionals. Jesmond offers a good selection of local and national shops, bars, restaurants & coffee shops.
There is access to a selection of supermarkets and also leisure facilities, sports clubs and gyms.
Jesmond Dene is on the doorstep and offers miles of open space and walks whilst there is good commuting options from The Cradlewell direct into the city centre by road and bus.
The Coast Road also links up directly to our beautiful coastline with pretty seaside towns such as Whitley Bay & Tynemouth.
Description: This deceptively spacious larger style ground floor Tyneside flat will need to be viewed to be appreciated.
It is rare to have 3 bedrooms in ground floor flats and as a result this property will appeal to a wide range of buyers.
Heated by gas central heating the rooms are a good size with high ceilings and the property retains many original features. The front door leads directly into the vestibule and from there the hallway.
The principal bedroom is to the front elevation. Currently used as a sitting room this is a great size with a bay window that allows for additional light and space.
A period marble fireplace is the main focal point to this room and there is ornate corning to the ceiling and a ceiling rose.
Bedroom 3 is off the hallway and has a window to the rear and space for a double bed. The sitting room is also to the rear looking out to the south facing courtyard.
With stripped floorboards this is a bright and airy room with original cupboards to the alcove of the chimney brest. The kitchen is fitted with modern wall and base units.
With a window and door to the courtyard there is an electric hob & oven, dishwasher and fridge. There is also plumbing for a washing machine and door to the rear hallway.
Bedroom 2 is a good size double bedroom located off the rear hall. Finally is the bathroom with shower over the bath, wash basin and wc.
Outside: To the front is a town garden whilst to the rear is a lovely courtyard which is south facing and a great space for outside dining through the summer months. EPC Rating: C
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 Buston Terrace, Jesmond, NE2
Explore nearby