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See how verdicts work2-bedroom flat · NE15 8DN
For saleListed 801 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** FIRST FLOOR FLAT - TWO BEDROOMS - SPACIOUS LOUNGE - INVESTMENT OPPORTUNITY - CURRENTLY TENANTED ACHIEVING £400PCM - DOUBLE GLAZING - GAS CENTRAL HEATING *** We welcome to the sales market, this Spacious Two Bedroom First Floor Flat which is situated on Lesbury Street, Lemington.
The property is close to all local amenities, schools, shops, industrial, medical and leisure facilities with good transport links.
The property would make an ideal investment opportunity and is currently tenanted achieving £400pcm.
The property offers spacious accommodation which briefly comprises: entrance with stairs to first floor, spacious lounge, fitted kitchen offering a range of wall, floor and drawer units, two bedrooms and a bathroom/w.c.
The property benefits from double glazing and gas central heating. EPC Rating - D Viewing is essential. To arrange a viewing please call our Wallsend Branch.
Entrance With double glazed entrance door, stairs leading to first floor landing. First Floor Landing With access into loft space, central heating radiator, airing cupboard.
Lounge approx 18' 3'' x 14' 3'' (5.56m x 4.34m) Spacious lounge with two double glazed windows to rear, two feature fireplaces, wall mounted electric fire, central heating radiator, power points, storage cupboard, door leading into kitchen.
Lounge additional image Kitchen approx 9' 3'' x 7' 0'' (2.82m x 2.13m) Fitted with a range of white floor, wall and drawer units with work surfaces, stainless steel sink and drainer unit, built in electric oven and hob with stainless steel extractor hood over, part tiled walls, wall mounted Baxi boiler, double glazed window to side, double glazed door leading to steps.
Bathroom/w.c approx 8' 2'' at widest x 4' 6'' (2.49m x 1.37m) Fitted with a white three piece suite comprising panelled bath with shower over and shower screen, pedestal wash hand basin, low level w.c, part tiled walls, central heating radiator, extractor fan.
Bedroom One approx 10' 5'' x 9' 3'' (3.17m x 2.82m) Situated at the front of the property with double glazed window, central heating radiator, power points, fitted wardrobes having mirror front sliding doors giving good storage and hanging space.
Bedroom Two approx 9' 1'' x 7' 9'' (2.77m x 2.36m) Situated at the front of the property with double glazed window, central heating radiator, power points.
EPC Rating: D A full version of the Energy Performance Certificate is available upon request.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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 advisers 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 Lesbury Street, Newcastle Upon Tyne
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