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See how verdicts work2-bedroom flat · NE2 3HT
Sold STCListed 95 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This remodelled and refurbished ground floor flat has a contemporary feel that is ideal for first time buyers and couples.
With 2 double bedrooms and a lovely open plan living space that opens to a sunny rear courtyard all on one of the most popular residential streets in the heart of central Jesmond.
Accommodation comprises: Ground floor: Entrance vestibule, hallway, open plan living room and kitchen, principal bedroom, bedroom 2, bathroom/wc.
Outside: Front town garden, shared rear courtyard, raised decked, gravelled area, gate to service lane. Situation: Myrtle Grove is considered one of the most sought after streets in central Jesmond.
This great location is ideal for all that the bustling suburb of Jesmond has to offer.
Acorn road, Brentwood Avenue and Osborne Road all offer a wide selection of local and national shops, restaurants, public houses, bars and coffee shops.
There is a library, swimming pool and a number of sports clubs all on hand and commuting is possible directly into Newcastle city centre by bus, road and from West Jesmond Metro.
The Metro links directly with Newcastle Central Station that has trains to London Kings Cross in less than 3 hours.
There is also access to Newcastle International Airport with destinations around the globe. A number of open spaces are on hand including, Town Moor & Jesmond Dene.
Description: This beautifully presented ground floor apartment has been remodelled and refurbished to offer a unique layout that is ready to move straight into and will prove highly sought after, especially with first time buyers and couples.
With 2 double bedrooms the flat has an open and airy feel thanks mainly to the hallway and open plan living space/kitchen.
With gas central heating and double glazing installed the front door leads straight into the vestibule and from there a glazed door opens to the generous hallway which leads to all other rooms and has an exposed brick feature wall and under stairs space that allows for coat hanging and has the plumbing for an automatic washing machine.
The principal bedroom is a double room with bay window to the front that allows for additional natural light and space.
Bedroom 2 is also a double room, this time with a window to the rear and space for home working.
The bathroom has been refurbished by the present owner and has a white modern suite comprising a panelled jacuzzi bath with shower over, wash basin and wc.
To the rear is the lovely spacious open plan living space and kitchen with a large picture window to the rear with French doors leading to the rear courtyard.
The kitchen is modern with contemporary worktops and integral appliances such as an electric hob, oven, dishwasher, fridge & Freezer. Outside: To the front is a gravelled town garden.
To the rear is a generous courtyard which is shared and enjoys the summer sun through the second part of the day with a raised decked area for outside entertaining and the rest is gravelled with gated access to the rear service lane.
Agents Note: Although the flat is leasehold the freehold of the building is owned by this property.
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 Myrtle Grove, Jesmond, NE2
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