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See how verdicts work1-bedroom flat · NE1 4LZ
Sold STCListed 152 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This light-filled two storey loft style apartment is spread over the top 2 floors within a beautiful Georgian terrace, positioned in the heart of Newcastle city centre.
It is ideally suited for professionals, couples, working from home and even those looking for an investment opportunity due to having the RVI & University on hand.
Accommodation comprises: Ground Floor: Communal hallway. Second Floor: Landing, hallway, bathroom/wc, bedroom, double height living space.
Third Floor: Landing, kitchen area, dining area, cloakroom/wc. (This area can be used as a working from home office or occasional guest bedroom).
Outside: Communal front garden, designated parking space. Situation: Leazes Terrace is a beautiful Georgian row located right in the heart of the city centre.
Overlooking Leazes Park, there is easy walking access to the RVI, Newcastle University, city centre itself and St James’ Park Stadium.
This is an excellent position for professionals wanting to make the most of the city.
The city centre has a wealth of amenities, including shops at Eldon Square, restaurants, public houses, bars and coffee shops.
It also has a mainline rail station that connects to London Kings Cross in less than three hours. There is also access out to Newcastle’s international airport with destinations around the globe.
Description: 39d Leazes terrace is a spacious loft style, light-filled 2 storey apartment which forms part of this beautiful Georgian townhouse located in the heart of the city.
With lovely high ceilings and original features there is an architectural curved outer wall to the rear and large sash windows to the front overlooking Leazes Park.
On the ground floor, the front door opens to the communal hallway and stairs lead to all floors. To the rear a door leads out to the designated parking space.
On the second floor, the landing leads directly into the apartment. The hallway leads to the bedroom which is a double bedroom with a curved wall and window looking to the rear.
The open plan living space with 3 large sash windows to the front over looking the park is a great size and has double height ceiling with a spiral staircase up to the mezzanine level.
On the third floor is the kitchen which is fitted with modern wall and base units, There is a cloakroom/wc, dining area and door to the communal staircase.
This area is ideally suited as a working from home office or occasional guest bedroom. Outside: To the front is a communal garden with path and steps to the front door.
To the rear is a designated parking place. EPC Rating: E
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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
Agent & docs
FAQ
About Leazes Terrace, Newcastle Upon Tyne, NE1
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