2-bedroom flat · NE15 8DN
To rentListed 243 days · slow let
Opportunity summary
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About
Description Wilson Defraine are delighted to bring to the market his impressively fully refurbished and larger than average two bed first floor flat in the Lemington area of Newcastle upon Tyne.
Property benefits from brand new heating system, full new modern kitchen and bathroom, neutral decor and new carpets throughout.
Property comprises: - Accessed via Upvc door with Georgian glazed panel with matching fan light window above, pendant light fitting Stairs leading to first floor landing with original handrail, modern decor and new carpets to floor.
New décor to walls, new carpets to floors, spindle staircase, utility meters and consumer unit, light fitting, chrome and glass light fitting, loft access and doors leading to first floor accommodation.
New carpets to floors, neutral décor, new radiator with thermostatic valves, new room thermostat, chrome and glass light fitting to ceiling, upvc double glazed window with Georgian bar detail, door leading to kitchen.
Stunning large spacious kitchen recently fitted with a modern range of base units in high cream gloss with contrasting red handles, stainless steel and black single built in oven with black ceramic electric hob and stainless steel extractor hood above, 1 and a half black composite sink with drainer, Wood grain effect worktops with matching breakfast bar with space for up to 5 stools, Wood effect click and lock laminate to floor, space for fridge freezer and washing machine, 2 x light tracks to ceiling, 2 x Upvc double glazed windows with Georgian bar detail and matching glazed door with access to rear steps and yard area.
Large master bedroom with beautiful original decorative plaster works to coving and ceiling with large central plaster rose to light fitting area, large Upvc double glazed window with Georgian bar detail to front elevation.
Neutrally decorated walls with subtle new carpets to match and warmed via gas central heating to radiators.
Bed Two Neutral décor to walls, new carpets to floors, Upvc window with Georgian bar detail to front elevation and warmed via new radiator with thermostatic valve.
Bathroom New white 3 pce suite with pea shaped bath with chrome thermostatic mixer shower above with curved glazed screen, tiled with modern stone effect finish to bath and shower area, plastered walls with neutral décor, heated by mains chrome ladder rail, large floor to ceiling storage cupboard, fully tiled floor in marble effect, Upvc double glazed window to rear elevation.
Access to rear from kitchen to rear yard and lane. Shared yard with ground floor property. Council Tax Band: A (Newcastle City Council) Deposit: £495 Holding Deposit: £114.23
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
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FAQ
About 3 Lesbury Street, Newcastle upon tyne
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