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See how verdicts work2-bedroom bungalow · NE5 3QF
Listing removedListed 282 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Jan Forster Estates welcome to the market this two-bedroom semi-detached bungalow on Magnolia Drive, City Edge.
Offered for sale under the Leasehold for the Elderly Scheme which is for people aged 55 years or over and allows them to purchase a 75% share in the property.
City Edge is only a short drive from Newcastle city centre and is within easy reach of the Central Motorway, A1, Town Moor and an abundance of local amenities and public transport links.
Internally the property briefly comprises: - entrance hallway, bright and airy lounge/dining room with French doors leading to the rear garden, kitchen with fitted units, two double bedrooms and a wet room WC.
The property further benefits from gas central heating and double glazing. Externally there is an easy to maintain garden to the front and a driveway for off street parking.
To the rear there is a garden with patio area and lawn. For more information and to book a viewing please call our Gosforth team on . Tenure The agent understands the property to be freehold.
However, this should be confirmed with a licenced legal representative.
Council Tax Band: A Lounge - 4.08 x 4.23 (13'4" x 13'10") - Kitchen - 2.07 x 4.89 (6'9" x 16'0") - Bedroom One - 3.33 x 4.23 (10'11" x 13'10") - Bedroom Two - 2.78 x 2.60 (9'1" x 8'6") -
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 107, Magnolia Drive
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