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See how verdicts work2-bedroom flat · NE3 1AT
Sold STCListed 215 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This ground floor Tyneside flat has been a successful rental property for many years but will also make a great first time buyer property with such a central location close to the High Street and has accommodation ready to move straight into and also has the advantage of its own garage/workshop.
Accommodation comprises: Ground floor: Entrance lobby, hallway, sitting room, kitchen, principal bedroom, bedroom 2, bathroom/wc. Outside: Front town garden, rear courtyard, workshop/garage.
Situation: Hyde Terrace is a popular street close to Gosforth High Street.
Offering a wide selection of local and national shops Gosforth also has number of restaurants, coffee shops, bars public houses. It also has schooling for all ages, sports clubs and leisure clubs.
There is good commuting option throughout the city. Bus, road and Metro links directly to the city centre where a mainline rail station connects to London Kings Cross in less than 3 hours.
To the north of Gosforth is Newcastle International Airport with destinations around the globe.
Description: 48 Hyde Terrace is a well present ground floor flat which is ideal for couples, first time buyers and investors.
Heated by gas central heating and with double glazing installed the property has the benefit of a garage at the rear which is currently kitted out as a workshop.
The front door leads directly into the lobby and then the hallway. The principal bedroom is a generous double room to the front, whilst bedroom 2 is also a double to the rear with a built in cupboard.
The bathroom is located off the hallway and is a modern white suite with shower over the bath. The sitting room is also to the rear and over looks the rear yard.
A door then leads to the kitchen which is fitted with modern wall and base units with complimentary worktops and inset sink unit, There is a gas hob and oven, space for a washing machine and fridge freezer, a door leads to the rear and window.
Outside: To the front is a town garden. To the rear is a courtyard and a single garage which is currently a workshop. 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 Hyde Terrace, Gosforth, NE3
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