2-bedroom flat · NE4 9AH
Sold STCListed 228 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on Wingrove Avenue in the popular area of Fenham, Newcastle upon Tyne, this two-bedroom ground floor flat presents an excellent opportunity for investors or buyers looking for a renovation project.
The property offers spacious accommodation briefly comprising a lounge, kitchen, two bedrooms and a bathroom, along with access to a private rear yard.
While the property does require modernisation and improvement throughout, it offers fantastic potential for those looking to add value.
Wingrove Avenue is well positioned for access to a range of local amenities including shops, supermarkets, cafes and schools, with further shopping and leisure facilities available in nearby Fenham and Newcastle City Centre.
The area also benefits from excellent transport links, with regular bus routes providing easy access into the city centre, universities and surrounding areas.
Leazes Park, Nuns Moor Park and Newcastle General Hospital are also within convenient reach. Due to the condition of the property, cash buyers are advised.
Early viewing is recommended to appreciate the potential this property has to offer. Council Tax Band: A
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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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.
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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 Wingrove Avenue, Fenham , Newcastle upon Tyne, Tyne and Wear, NE4 9AH
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