2-bedroom flat · NE15 8XD
Sold STCListed 48 days
Opportunity summary
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About
Refurbished Two-Bedroom Ground Floor Apartment – No Onward Chain An excellent opportunity to purchase this recently refurbished two-bedroom ground floor apartment, offered to the market with no onward chain and presented in move-in-ready condition.
The property has undergone a programme of improvement, including fresh decoration throughout and newly fitted carpets, creating a bright, clean and modern interior.
It would make an ideal purchase for a first-time buyer, downsizer or buy-to-let investor looking for a low-maintenance property ready for immediate occupation or letting.
Internally, the accommodation comprises a welcoming entrance hallway leading through to a well-proportioned living area, providing ample space for both lounge and dining furniture.
The property benefits from a fitted kitchen, offering a practical range of wall and base units together with worktop space and provision for the usual kitchen appliances.
There are two bedrooms, providing flexibility for a couple, small family, home office or guest room. Both rooms have been freshly decorated and benefit from the newly fitted carpeting.
The bathroom is fitted with a modern white suite comprising a panelled bath with shower over, wash hand basin and WC.
Being situated on the ground floor, the property may also appeal to purchasers looking to avoid stairs and offers convenient, easily accessible accommodation.
With the refurbishment works already completed, the apartment provides an excellent opportunity for a buyer wanting a property where they can simply move in and make it their own.
For investors, the combination of two bedrooms, ground-floor accommodation and recently improved condition should make the property an attractive proposition for the rental market, with minimal initial work required prior to letting.
Key Features Two-bedroom ground floor apartment Recently refurbished throughout Newly fitted carpets Freshly redecorated Fitted kitchen Bathroom with bath and shower over Two well-proportioned bedrooms Ideal first-time purchase Excellent buy-to-let investment opportunity Low-maintenance, move-in-ready accommodation No onward chain Leasehold Information Lease: Approx.
135 years remaining Material Information Tenure: Leasehold Council Tax: Band C (Newcastle City Council) Utilities: Mains water, electricity, and sewerage. No gas supply.
Broadband: Availability can be checked at broadbandcheck.co.uk Mobile Coverage: Check signal at signalchecker.co.uk Parking: One allocated parking space included Additional Notes Please note: all appliances and services have not been tested by WPG Sales & Lettings.
We recommend that your solicitor reviews the lease to check for any restrictive covenants.
Important Notice for Purchasers At WPG Sales & Lettings, we strive to ensure all listing details are as accurate and up to date as possible.
However, these particulars do not constitute or form part of any offer or contract and should not be relied upon as statements of fact.
Any services, systems, or appliances listed have not been tested and are not guaranteed.
Floorplans, measurements, and other layout information are provided for guidance only and should be independently verified. For further information or clarification, please contact us directly.
Submitting an Offer All offers must be supported with full financial verification, including: A mortgage Agreement in Principle (where applicable) Proof of deposit or available funds Full chain details, including contact information for selling agents and solicitors involved In accordance with current Money Laundering Regulations, proof of identity will be required from all prospective buyers before an offer can be formally accepted.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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
Agent & docs

FAQ
About Combe Drive, Lemington, Newcastle Upon Tyne
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