1-bedroom flat · NE3 2NZ
Listing removedListed 954 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A very well appointed one bedroom garden flat located within the popular Broadway Court development constructed by McCarthy and Stone.
The property occupies a pleasant position with access to the communal gardens. It also features a large kitchen and modern wet room with underfloor heating.
It has also recently benefitted from newly fitted carpets. There is a communal lounge within the development as well as laundry room and 24 hr emergency facility.
Externally there are lovely communal garden and residents parking. There are frequent transport links nearby and Gosforth High Street is a short distance away.
Tenure: Leasehold 125 years from March 2001 (101 years remaining) Ground Rent: £774.39.00 per annum - Review Period: Tbc - Increase Amount: Tbc Service Charge: £3131.44 per annum (includes building insurance) - Review Period: Tbc - Increase Amount: Tbc Council Tax Band: B EPC Rating: C Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Electric Storage Heaters Broadband: Adsl Modem Mobile Signal Coverage Blackspot: No Parking: Communal Parking Associated fees: Exit fee - 1% of sale price Mining The property is not known to be on a coalfield and not known to be directly impacted by the effect of other mining activity.
The North East region is famous for its rich mining heritage and confirmation should be sought from a conveyancer as to its effect on the property, if any.
Accessibility This property has accessibility adaptations: • Flat entrance to main building • Wet room
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
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
.png)
FAQ
About 2, Broadway Court, Newcastle Upon Tyne
Explore nearby