2-bedroom flat · NE2 2ER
For saleListed 13 days
Opportunity summary
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About
This 2 bedroom first floor apartment is part of this over 60s (over 55s with Anchor’s Approval) warden controlled block that’s located in the heart of Jesmond, close to Acorn Road, with a bright and airy feel thanks to its southerly aspect.
Accommodation comprises: Ground floor: Communal landing, lift & stairs to all floors.
First floor: Communal landing, hallway, sitting room/dining room, kitchen, principal bedroom, bedroom 2, shower room/wc. Outside: Communal grounds, residents and visitor parking.
Situation: Located on the corner of Reid Park Road and Osborne Road is Woodland Mews.
With direct access to all Jesmond has to offer including local & national shops, restaurants, coffee shops, library & swimming pool.
There are good regional links via bus, road and Metro and a number of open spaces such as Jesmond Dene and Town Moor.
Description: This first floor apartment with south facing views over Reid Park Road forms part of this popular warden controlled over 60s block of apartments.
With secure entry phone system there is a lift to all floors and a communal lounge & sun room. There is a side staircase that also leads up to each floor.
The apartment itself has electric heating and is double glazed.
Being on a corner site there is a good size sitting room with window to the front and space for a dining table which leads from the hallway.
There is a separate kitchen with fitted wall and base units and a window to the rear. The principal bedroom is a double. Bedroom 2 is also a good size and would make a good study if required.
The shower room has a double corner shower cubicle with electric shower over. The open plan sitting room and dining room has a bay to the side elevation.
The kitchen is modern with wall and base units, inset sink unit, electric hob and oven and fridge freezer. Outside: The grounds are communal and there is residents & visitors parking. EPC Rating: D
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Woodland Mews, Jesmond, NE2
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