1-bedroom flat · NE12 7EN
Listing removedListed 196 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Appealing to a wide range of buyers, including first-time purchasers, investors, and those looking to downsize, this well-presented one-bedroom ground floor flat offers comfortable living in a convenient and well-connected location.
The property welcomes you with an entrance hallway that leads through to a generously proportioned lounge/diner, providing a versatile space ideal for both relaxing and entertaining.
The modern fitted kitchen incorporates built-in cooking appliances, and has ample space for additional white goods. From here, a door opens out to the rear yard.
To the rear of the property, you will find a spacious bathroom fitted with a white three piece suite. Positioned to the front aspect is the good sized double bedroom, .
Externally, the property benefits from a small garden to the front with planted shrubs and bushes as well as an enclosed rear yard, adding further practicality and outdoor appeal.
Ideally situated, the flat provides excellent access to Newcastle City Centre, where a wide range of shops, restaurants, and cultural attractions can be enjoyed.
For commuters, the property is perfectly placed with convenient transport links nearby, including access to the A167, A1, and A19, making travel both locally and further afield straightforward.
Overall, this attractive home combines modern living with a highly convenient location, making it a fantastic opportunity for a variety of buyers.
EPC Rating: D Lounge/Diner (5.58m x 3.58m) Kitchen (3.56m x 2.23m) Bathroom (2.45m x 2.13m) Bedroom (3.96m x 3.25m) Agents Notes The gas central heating boiler to the property was replaced in May 2023 with a 10 year manufacturers guarantee.
The replacement boiler is a Worcester Greenstar 4000 30kw combination boiler with an A rating. We hold a copy of the Certificate of Registration on file.
Property Information Local Authority: North Tyneside Flood Risk: This property is listed as currently having a very low risk of flooding although we have not seen any legal written confirmation to be able to confirm this.
Please contact the branch if you have any queries in relation to the flood risk before proceeding to purchase the property.
TV and Broadband: BT, Sky – Basic, Superfast, Ultrafast in the area Mobile Network Coverage: EE, Vodafone, Three, O2 in the area Please note, we have not seen any documentary evidence to be able to confirm the above information and recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
Recording Devices Please be aware that some properties may be equipped with CCTV, video doorbells, or other recording devices (including internal audio/video surveillance) for security purposes.
While viewings are conducted in private homes, we ask that all attendees respect that the property owner may choose to monitor or record access to their home.
If you have any concerns regarding this, please speak to a member of our team prior to your appointment.
We have advised all vendors that any recording during viewings should be disclosed and used strictly for personal purposes only, in accordance with data protection and privacy laws.
Value & comps
No previous sales on record.
Returns
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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 3 Park Terrace, Newcastle Upon Tyne
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