2-bedroom flat · NE3 4JW
Sold STCListed 229 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Modern & Fully Refurbished Apartment Offering a Delightful Open Plan Lounge/Diner with Private & Enclosed Balcony, Brand New Kitchen, Two Bedrooms, Bathroom, Single Garage & No Onward Chain.
17 Albany Mews is a fully refurbished two-bedroom, first-floor apartment situated just off Montagu Avenue.
The location is particularly appealing, offering immediate access to Newcastle's renowned Town Moor, convenient transport links into the city centre, and comfortable walking distance to both Ashburton Village and Gosforth High Street, with their wide range of shops, cafés, and amenities.
The building is accessed via a secure entry phone system, with communal stairs leading to the first floor where the apartment is located.
Upon entering there are two built-in storage cupboards providing practical space, along with a stylishly presented W/C that is partially tiled.
The hallway features newly installed engineered wood flooring, creating a modern and cohesive first impression.
There are two generously proportioned double bedrooms, both newly carpeted, offering comfortable accommodation.
The newly fitted bathroom is completed with a contemporary three-piece suite, complemented by tasteful tiling and an electric shower over the bath.
The newly installed kitchen is a particular highlight, finished to a high specification with quartz worktops, a range of wall and base units, and integrated AEG appliances including a dishwasher, double oven, washer dryer, induction hob, and fridge freezer.
The living and dining area benefits from a dual aspect, allowing for excellent natural light, and provides access to a private balcony overlooking Albany Mews, adding to the overall appeal of the space.
Externally, the property also benefits from a single garage, lawned communal gardens and residents parking.
Services: Mains gas, water, electricity & drainage | Tenure: Leasehold | Lease Term: 946 Years | Service Charge: £1081.50 | Ground Rent: £100 | Council Tax Band: D | Energy Performance Certificate: D
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 17, Albany Mews, Montagu Avenue, Gosforth, Newcastle Upon Tyne
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