2-bedroom flat · NE3 1NH
For saleListed 397 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well appointed 2 bedroom apartment for the over 55s located on the third floor of this popular residential development just off the grove in central Gosforth with westerly facing aspect.
The property benefits from a replacement kitchen and bathroom suite together with on site manager, laundry room, residents parking and lift access. There are also well maintained communal gardens.
South Gosforth metro station and Gosforth high street are within easy walking distance.
Tenure: Leasehold 125 years from March 2016 (101 years remaining) Ground Rent: Tbc per annum - Review Period: Tbc - Increase Amount: Tbc Service Charge: Tbc per annum - Review Period: Tbc - Increase Amount: Tbc Building Insurance: Tbc per annum - Review Period: Tbc - Increase Amount: Tbc Council Tax Band: D EPC Rating: C Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Electric Broadband: Tbc Mobile Signal Coverage Blackspot: No Parking: Communal Parking Mining The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.
Confirmation should be sought from a conveyancer as to its effect on the property, if any. Restrictions and rights Restrictions on property?
Yes: No keeping pets, running a business, parking boats, caravans or mobile homes on site.
Accessibility This property has accessibility adaptations: • Suitable for wheelchair user • Level access • Lift access
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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
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FAQ
About 40, Ettrick Lodge, The Grove, Newcastle Upon Tyne
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