2-bedroom flat · NE5 2HB
Sold STCListed 91 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Benefitting from a rear garden is this ground floor flat, available for sale in Fenham. The accommodation briefly comprises of hallway, lounge, kitchen, two bedrooms and bathroom.
The property is situated close to local public transport routes to and from Newcastle city centre, the MetroCentre, and easy access to the A1 and A69. Early viewing is recommended.
Council Tax Band: A EPC Rating: Tbc Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Gas Broadband: Fibre Mobile Signal Coverage Blackspot: No Parking: On Street Parking Mining The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.
Confirmation should be sought from a conveyancer as to its effect on the property, if any. Restrictions and rights Listed? No Conservation Area? No Restrictions on property?
No Easements, servitudes or wayleaves? No Public rights of way through the property?
No Risks Flooding in last 5 years: No Risk of Flooding: Zone 1 Any flood defences at the property: No Coastal Erosion Risk: Low Known safety risks at property (asbestos etc…): No Building works Any known planning permissions or proposals in the immediate locality: No Outstanding building works at the property: No Accessibility This property has no accessibility adaptations.
Tenure It is understood that this property is leasehold.
Should you decide to proceed with the purchase of this property, the Tenure and associated details and costs must be verified by your Legal Advisor before you expend costs.
Length of Lease: 999 years from 23 October 2002 No ground rent or service charge. Hallway Storage cupboard. Radiator.
Lounge (14' 6'' into bay x 11' 4'' (4.42m x 3.45m)) Double glazed box bay window to the front. Radiator. Kitchen (10' 0'' x 6' 6'' (3.05m x 1.98m)) Frosted double glazed window to the side.
Double glazed window to the rear. Plumbed for washing machine. Sink/drainer. Electric oven. Gas hob. Door to the rear. Bedroom One (12' 9'' x 11' 5'' (3.88m x 3.48m)) Double glazed window to the rear.
Radiator. Bedroom Two (9' 10'' x 12' 1'' (2.99m x 3.68m)) Double glazed window to the front. Radiator. Bathroom (6' 7'' x 6' 2'' (2.01m x 1.88m)) Frosted double glazed window to the rear.
Shower cubicle. Low level WC. Pedestal wash hand basin. Heated towel rail. Spotlights. External Rear garden.
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
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FAQ
About 37, Silver Lonnen, Newcastle Upon Tyne
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