1-bedroom flat · NE3 1HH
For saleListed 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Pattinsons are delighted to welcome to the market this one bedroom retirement apartment situated on first floor of Homedowne House in central Gosforth.
Constructed by McCarthy & Stone Develepments Ltd in 1984 and built over four floors which are lift serviced.
The property is Ideally situated on the highly desirable Gosforth High Street which has access to an abundance of shops, restaurants and all other amenities.
The property is located on the first floor of the building and the internal accommodation briefly comprises: Entrance hallway with large storage cupboard, lounge, kitchen, bedroom with fitted wardrobes and modern shower room.
All residents have access to a residents lounge, laundry room, 24 hour emergency Appello call system and guest suite (for an additional charge).
Externally the property has communal gardens available to all residents. It is a condition of any purchase that one resident must be minimum 60 years of age, partners must be minimum 55 years of age.
Tenure: Leasehold with 57 years remaining - available to cash buyers only. Council Tax Band: A For further information or to arrange a viewing please contact our Gosforth Branch on .
Council Tax Band: A Tenure: Leasehold Length of Lease: 57 Annual Ground Rent Amount: 470.00 Annual Service Charge Amount: 3,258.00 External Secure communal entrance with entryphone system and lifts and stairs to all floors.
Entrance Hallway Entrance door leading to hallway with large storage cupboard and carpeted flooring.
Lounge (4.41m x 3.22m) Double glazed window, wall mounted electric heater, TV point and carpeted flooring.
Kitchen (2.15m x 1.70m) Fitted with wall and base units with roll top work surfaces and tiled splashbacks.
Integrated electric oven, hob with chrome extractor hood, stainless steel sink unit and space for fridge freezer. Bedroom (3.43m x 2.67m) Double glazed window.
Fitted wardrobes and further storage cupboard. Wall mounted electric heater and carpeted flooring.
Shower Room (2.01m x 1.74m) With walk in shower unit, low level WC and floating vanity unit and basin. Chrome heated towel rail, PVC panelled walls and laminate flooring.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 19 Homedowne House, High Street, Newcastle upon Tyne
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