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See how verdicts work2-bedroom flat · NE2 2RE
Sold STCListed 33 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
CONVERSION APARTMENT with NO ONWARD CHAIN! Set behind leafy communal gardens this Victorian conversion apartment is ideally placed on Grosvenor Place, Jesmond.
Grosvenor Place, situated a stones throw from Osborne Road, is also well placed to provide easy access to the shops, cafes and amenities of Acorn Road as well as being only a short walk to West Jesmond Metro Station providing easy access into Newcastle City Centre and beyond.
The accommodation briefly comprises: entrance hall with stairs to second floor landing with fitted storage; lounge with west facing dual windows; kitchen with a range of fitted units, work surfaces and rear door access to the fire escape; bathroom complete with three piece suite and storage cupboard; two bedrooms, bedroom one measuring 15ft.
Offered to the market with no onward chain, early viewings are advised.
2nd Floor Conversion Apartment | Two Bedrooms | 942 Sq ft (87.53m2) | Lounge | Kitchen | Bathroom | GCH | No Onward Chain | Leasehold - Share of Freehold with 986 Years Remaining | Service Charge - Ad-Hoc | Council Tax Band C | EPC: E
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 Grosvenor Place, Jesmond, Newcastle upon Tyne
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