2-bedroom bungalow · NE3 2PS
Listing removedListed 220 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
As you enter you have the spacious lounge to your right and converted garage to your left. The garage is currently being used as a home gym.
The modern high spec kitchen is a good size and comes with dishwasher, intergraded oven, grill and hob. The lounge is big enough to accommodate multiple sofas as well a large dining table and chairs.
Both bedrooms are double in size with the master having built in wardrobes. There are two bathrooms on the ground floor. The main bathroom is a great size and has a large jacuzzi bath.
The converted loft space is currently being used as an additional bedroom as well as office/study space.
Externally there is a large driveway which could accommodate up to five cars, as well as a small enclosed rear garden.
Council Tax Band: C Holding Deposit: £323.00 Modern throughout Driveway parking for five cars Short walk to Fawdon Metro Station Two bathrooms Converted loft space Huge garage
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.
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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 1, Newcastle upon Tyne
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