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See how verdicts work1-bedroom flat · NE2 3AH
For saleReduced £179k (−99.5%) on 7 OctListed 49 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Attractive and well-presented second floor flat situated within this very popular area of Jesmond that is convenient for local shops and transport links.
Gas fired central heating is installed together with Upvc framed double glazing. Entrance to the flat is gained via the well maintained communal hall, stairs and landing.
All rooms lead from the private entrance hall. The Livingroom is well proportioned and provide two distinct arears giving the option of a dining area or office in addition to the living room.
Both the kitchen and shower room are fitted to a good standard with both rooms being light and airey. The property is offered with early vacant possession and an early inspection if recommended.
Block paved path to Communal Front Door to Communal Vestibule Entry 'phone and mail box Communal Hall Cornice to ceiling Stairs to Second Floor half landing Velux double glazed window Private Front door to Entrance Lobby Laminate flooring, door to Reception Hall Laminate flooring, 2 built in cupboards with hanging and shelving spce, access to roof void, entry 'phone Living Room 7.0m x 3.5m (about 23'0" x 11'6") Sitting area Laminate flooring, double radiator, 2 Upvc framed double glazed windows Dining Area Laminate flooring, radiator, Upvc framed double glazed windows Kitchen 2.9m x 2.3m (about 9'6" x 7'3") fitted base units, one and half bowl stainless steel sink uit with mixer tap, gas and electric cooker points, plumbed for automatic washing machine, spotlighting, Upvc framed double glazed sash window, partly tiled walls, radiator, Candy extractor hood, Worcester wall mounted gas fired central heating boiler Bedroom 4.5m x 2.7m + 2.4m x 0.7m (about 17'3" x 8'9") + (7'6" x 2.3m) Double radiator, Velux double glazed window Shower Room/wc 2.7m x 2.3m (about 8'9" x 7'3") Fully tiled walls, ceramic tiled floor, shower cubicle with mains run rain and hand held shower fittings, pedestal wash basin, low level wc.
Velux double glazed wndow, wall light with shaver point, extractor fan Outside Well-tended communal gardens surrounding with resident car parking Council Tax Band " B" Energy Performance Rating "D" Service Charge We have been informed that the service charge for Flat 4 16 Tankerville Terrace is Tenure We are informed that the property is leasehold with an unexpired term of years Price £180,000 or offers Viewing by appointment through Andrew Lawson Estate Agent Metrification Please note that our room sizes are quoted in metres to the nearest one tenth of a metre on a wall to wall basis.
The imperial equivalent (included in brackets) is only uintended as an appropriate guide for those of our applicants who may not yet be fully conversant with metric measurements
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
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FAQ
About 16 (flat 4), Tankerville Terrace, Newcastle upon Tyne
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