2-bedroom flat · ST5 2DU
Listing removedListed 321 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Forming part of a purpose-built courtyard development of luxury apartments conveniently situated for the town centre.
This well presented ground floor apartment will be offered for sale with no further upward chain having the benefit of allocated parking and an attractive low maintenance landscaped rear garden with direct patio door access from the living room.
Accommodation provides: – Entrance hall.
Well equipped fitted kitchen with window overlooking the front courtyard, with a range of fitted units, work surface with sink and integrated appliances comprising electric double oven/grill, gas hob with extractor, integrated washing machine and upright fridge freezer.
The apartment was originally designed to provide two double bedrooms with the second front facing bedroom currently having open archway access from the hallway and currently utilised as a second reception dining room with store cupboard.
The main bedroom enjoys a window outlook onto the rear garden with built-in twin double wardrobes.
There is a modern shower room which incorporates a large replacement walk-in shower cubicle with main raindrop shower/spray. The living room enjoys patio window/door access onto the rear garden.
The rear garden is pleasantly landscaped with low maintenance paved patio and gravel area enjoying assorted shrub planting.
There is also an allocated parking space directly in front of the apartment with further visitor parking available.
Tenure: – Leasehold with residue of 999 year lease from 1st April 2009 Ground rent :- currently £175 every 6 months - On the 1st April and on each fifth anniversary of that date until 30th March 2061 the Rent shall increase from that payable immediately prior to the relevant review date by the sum of £50.00 per annum.
Service charge:- current payment for 01/10/25 - 30/06/26 £402 Agents note:- There is a restrictive covenant on the apartments for occupier ownership only. 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 advisors 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 Apt 20, Kingsley Hall Lymewood Close, Newcastle
Explore nearby