1-bedroom flat · NE2 2PS
Sold STCListed 76 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideally suited for first time buyers is this well presented second floor purpose built apartment located in the heart of Jesmond with its own west facing balcony and allocated parking space.
Accommodation comprises: Ground floor: Communal hallway. Second floor: Communal landing, hallway, reception room, kitchen, double bedroom, bathroom/wc.
Outside: West facing balcony, allocated parking space. Situation: Located on the corner where Gowan Terrace and Osborne Terrace meet is this purpose built block.
Positioned right in the heart of the bustling suburb of Jesmond with good access to Osborne Road & Acorn Road.
Jesmond offers great amenities including local and national shops, public houses, bars and coffee shops. There is a gym, tennis & cricket club as well as swimming pool and library.
There is also excellent commuting options by bus road and metro whilst the Coast Road links up to the coastline with pretty seaside towns such as Whitley Bay & Tynemouth.
Description: Ideally suited for first time buyers, couples and even an investment is this well presented second floor purpose built apartment.
With a lovely west facing balcony and good room sizes an internal inspection is essential. Heated through electric radiators there is a secure entry phone system and communal areas.
On the second floor the front door opens into the hallway. The reception room is to the far end of the hallway and is a bright space with glass doors out to the west facing balcony.
The kitchen is to the rear elevation and fitted with modern wall and base units and integral appliances.
The bedroom is a good size double room also to the rear elevation and the bathroom has a modern white suite. Steps lead up to a loft storage space.
Outside: Path leads to the main entrance and secure door. There is an allocated parking space and the apartment itself has a lovely west facing balcony for outside dining through the summer months.
EPC Rating: D
Value & comps
No previous sales on record.
Returns
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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 Gowan Terrace, Jesmond, NE2
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