1-bedroom flat · NE5 3YF
For saleReduced £5k (−10%) on 11 SepListed 196 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description A spacious 1 bedroom flat located in the popular residential area of Kenton located next to A1M and a short walk to Kingston park and metro station.This property is perfect for a first time buyer or a property investor.
Council Tax Band: A (Newcastle City Council) Tenure: Leasehold (105 years) March 2022 ground rent £60.00, service charge £1076.50 March 2023 ground rent £60.00, service charge £1136.68 March 2024, I cannot locate the hard copy bill this morning, as I need to go through my filing manually.
But in March 2024, my bank statement shows that I paid £1213.48 to Hadrian Property, which I think would be £60.00 ground rent and £1153.48 service charge, but I will need to find the hard copy to be absolutely sure.
Entrance Hallway (5.00m x 0.94m) Enter through timber fire door with carpets to floors, concealed light fitting and smoke detector to ceiling, large storage cupboard including switch board, warmed via electric heater, doors leading to all accommodation.
Master Bedroom (3.17m x 3.01m) Located to the front of the property with carpets to floors, neutral decor to walls, pendant light fitting to ceiling, space for double bed, fitted sliding robes, storage cupboard containing Elson hot water tank, double glazed window with opener, warmed via wall mounted electric heater, ample space for bedroom furniture.
Bathroom (1.84m x 1.67m) Accessed via entrance hallway with fully tiled floors, fully tiled to shower area with neutral decor to remaining, concealed light fitting to ceiling, 3 piece white suite with shower over bath and chrome fixtures.
Lounge (4.93m x 3.15m) Located to the rear of the property with carpets to floors, neutral decor to walls, light fitting to ceiling, space for large sofa and chairs, warmed via wall mounted electric heater, large double glazed window with 2x openers to side elevation, ample space for lounge furniture, door leading through to kitchen.
Kitchen (2.38m x 2.33m) Fully tiled floors, fully tiled splash back areas with neutral decor to remaining, concealed light fitting to ceiling, space for fridge, space for washing machine and freezer, intergrated oven with 4 ring electric hob and chrome extractor above, stainless steel sink with chrome mixer tap and a range of wood effect wall and base units with granite effect worktops, double glazed window with opener to side elevation.
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
FAQ
About 27 St. Keverne Square, Newcastle upon Tyne
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