2-bedroom flat · NE3 4AH
To rentListed 8 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Stylish Two-Bedroom First Floor Apartment In Prime Gosforth Nestled in the heart of Gosforth, Tyne and Wear, this superb two-bedroom first floor apartment presents an exceptional opportunity for those seeking a contemporary and convenient lifestyle.
Boasting a prime location, residents will benefit from easy access to Gosforth's array of amenities, including independent shops, popular restaurants, cafes, and excellent transport links into Newcastle city centre and beyond.
Upon entering, you are greeted by a well-maintained interior that immediately conveys a sense of modern living.
The apartment features two generously sized double bedrooms, providing ample space for relaxation and storage.
These rooms are designed to offer comfort and privacy, making them ideal for professionals, couples, or small families. The heart of this home is undoubtedly the open-plan lounge dining area.
This versatile space is perfect for both entertaining guests and enjoying quiet evenings in.
Its thoughtful layout allows for flexible furniture arrangements, creating a bright and airy atmosphere that is both inviting and functional.
Large windows ensure an abundance of natural light, enhancing the overall appeal of the living area.
The well-appointed kitchen is complemented by a practical utility room, a highly desirable feature that offers additional storage and laundry facilities, helping to keep the main living areas clutter-free.
This thoughtful addition underscores the apartment's commitment to practical, everyday living.
Further enhancing its appeal, the property benefits from an impressive Energy Performance Certificate (EPC) rating of B, indicating high energy efficiency and potentially lower utility bills.
This is a significant advantage for prospective tenants, reflecting a commitment to modern building standards and environmental consciousness.
The apartment falls within Council Tax Band B, another favourable aspect for budgeting. Situated on the first floor, this apartment offers a desirable elevated position.
Please note, there is no lift access to the first floor.
The property's location in Gosforth is renowned for its community feel, green spaces, and excellent schooling options, making it a highly attractive place to reside.
This apartment is available to let and represents a fantastic opportunity to secure a high-quality rental property in one of Tyne and Wear's most desirable postcodes.
Early viewing is highly recommended to fully appreciate the quality and convenience this Gosforth apartment has to offer.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 38 The Drive, Gosforth, Tyne and Wear
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