2-bedroom flat · NE2 2NJ
No longer listedReduced £100 (−9.1%) on 23 SepListed 85 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Zero Deposit Guarantee Available At only £1150pcm this ground floor two bedroom flat is fantastic value for money!
Situated on the popular Jesmond street of Cavendish Road, this property is just around the corner to Jesmond's famous Italian restaurant Francesca's, and is also walking distance to several other shops, bars & restaurants as well as the peace and tranquility of Jesmond Dene.
The property briefly comprises of two double bedrooms, the master of which furnished with a double bed, wardrobes, chest of drawers and a beautiful feature fireplace.
The second bedroom is empty however furnishings can be provided if required. The lounge is central to the property and is furnished with a sofa, chair, coffee table, dining table & chairs.
There is also built in shelving, a storage cupboard and both TV and internet points.
The kitchen is modern with appliances such as an electric cooker & gas hob, washing machine, fridge freezer and a microwave.
At the rear of the flat is the bathroom which is tiled, white in colour and contains WC, wash hand basin and a bath with mains shower over head.
Externally there is a private yard to the rear with a table & chairs and on street permit parking to the front. There is gas central heating and double glazing throughout.
Call Bridgfords Gosforth now to arrange your viewing and avoid disappointment! Council Tax Band: B Holding Deposit: £265.00 Available from 3rd October!
Two double bedrooms Fully furnished Modern kitchen with appliances Gas central heating Double glazing Private rear yard Close to several shops, bars & restaurants On street permit parking 12 months minimum term
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 55, Newcastle upon Tyne
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