3-bedroom flat · NE2 2PY
Sold STCListed 33 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Priced to reflect cosmetic updating and retaining a wealth of period charm and offered with no onward chain, this upper maisonette is ideally located on Holly Avenue, Jesmond.
Holly Avenue, a no-through road, is ideally placed to give access to excellent local schooling, the shops, cafés and restaurants of Jesmond as well as transport links into the city and further afield with Jesmond Metro Station only a short walk away.
The accommodation briefly comprises: communal entrance hall; private entrance with stairs to first floor; 18ft sitting room with feature fireplace, dual windows, ornate cornice, feature fireplace and decorative ceiling rose; kitchen diner with fitted units, work surfaces, feature fireplace and rear door access to the fire escape; bathroom complete with three piece suite.
The second floor landing with sky light and two storage cupboards gives access to; a further two bedrooms, bedroom three with sky light. Externally, a shared rear yard with wall boundaries.
** The property has rental history for three sharers so could be purchased as a buy to let opportunity ** Upper Floor Maisonette | 1,190 Sq ft (110.5m2) | Three Double Bedrooms | 18ft Sitting Room | Kitchen | Bathroom | Shared Rear Yard | Period Features | Priced to Reflect Cosmetic Updating | No Onward Chain | Leasehold - Tyneside Lease with Peppercorn Rent - 959 Years Remaining | Potential Investment Opportunity | Council Tax Band | EPC: E
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 Holly Avenue, Jesmond, Newcastle Upon Tyne
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