1-bedroom flat · NE12 9JN
Listing removedListed 234 days
Opportunity summary
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About
This delightful, one bedroom first floor apartment is set behind south facing lawned gardens and forms part of this imposing stone built conversion, perfectly placed on Park Drive, Forest Hall.
Park Drive, a pretty street surrounded by greenery and positioned just off Forest Hall/Station Road is perfectly placed to provide access to the local shops, pubs and restaurants in Forest Hall, along with local schooling and transport links via bus and Metro.
Well presented throughout, the accommodation briefly comprises: communal entrance hall with stairs to first floor; entrance hall; sitting room with feature wood burning stove and dual windows; kitchen diner with a range of fitted units, work surfaces, some integrated appliances, utility area and spot lighting; bathroom complete with four piece suite including a free standing roll top bath, step in shower and spot lighting; study; double bedroom with fitted wardrobe storage.
Externally, lawned communal gardens with some mature planting including flowers, trees and shrubs, enclosed with wall and fence boundaries with gated access to the front gravelled parking area.
1st Floor Conversion Apartment | One Double Bedroom | 703 Sq ft (65.3m2) | Sitting Room | Kitchen Diner with Utility Area | Bathroom with Four Piece Suite | Study | South Facing Communal Gardens | Great Location | Leasehold - 968 Years Remaining | Service Charge - Ad-Hoc | Council Tax Band A | EPC C EPC - C
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 Park Drive, Forest Hall, Newcastle upon Tyne
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