2-bedroom flat · NE2 2RB
For saleListed 3 days
Opportunity summary
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About
GROUND FLOOR APARTMENT - TWO DOUBLE BEDROOMS - TWO BATHROOMS - DINING KITCHEN - GARAGE - This conversion apartment occupies the ground floor and is ideally located on Grosvenor Place, central Jesmond.
The property briefly comprises; communal entrance hall with access to the apartment front door; entrance hall; lounge to the front with bay window; family bathroom WC central to the property; bedroom one, a comfortable double with fitted wardrobe space; generous dining kitchen, modern in style with fitted units and work surfaces; bedroom two, another double with fitted wardrobe space and access to an en-suite wet room, with a shower, WC and wash hand basin.
Externally there is a yard to the rear with a privately owned garage and on street permit parking to the front.
Ground Floor Conversion Apartment | 942 Sq ft (87.5 m2) | Lounge | Two Double Bedrooms | Dining Kitchen | Bathroom WC | Wet Room En Suite | Private Garage | Central Jesmond Location | Permit Parking | GCH & DG | Leasehold - Share of Freehold (the seller will be extending the lease to 999 years) | Service Charge Ad-Hoc | Council Tax Band C | EPC Rating: D
Value & comps
No previous sales on record.
Returns
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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 Grosvenor Place, Jesmond, Newcastle upon Tyne
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