2-bedroom flat · NE4 7DX
For saleReduced £5k (−6.3%) on 31 JulListed 118 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available for sale with no chain is this apartment located on the 3rd floor of a 14 storey block.
The accommodation briefly comprises of communal entrance with lift to the 3rd floor and landing leading to subject flat, hallway, lounge, kitchen, two bedrooms and bathroom.
The property benefits from an allocated parking bay, together with panoramic views.
The property is situated close to local public transport routes to and from Newcastle city centre, the MetroCentre, and easy access to the A1 and A69. Early viewing is recommended.
Council Tax Band: A EPC Rating: C Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Biomass Heating System Broadband: Fibre Mobile Signal Coverage Blackspot: No Parking: Allocated Parking Bay Mining The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.
Confirmation should be sought from a conveyancer as to its effect on the property, if any. Restrictions and rights Listed? No Conservation Area? No Restrictions on property?
No Easements, servitudes or wayleaves? No Public rights of way through the property?
No Risks Flooding in last 5 years: No Risk of Flooding: Zone 1 Any flood defences at the property: No Coastal Erosion Risk: Low Known safety risks at property (asbestos etc…): No Building works Any known planning permissions or proposals in the immediate locality: No Outstanding building works at the property: No Accessibility This property has no accessibility adaptations.
Tenure It is understood that this property is leasehold.
Should you decide to proceed with the purchase of this property, the Tenure and associated details and costs must be verified by your Legal Advisor before you expend costs.
Length of Lease: 125 years less one day from 24 June 2011 Ground Rent: £1,858.72pa Date of Next Review: 01/01/2027 Ground Rent: £30pa Additional Management Charge: £37.96 per month, for hot water Communal Entrance Security entry system.
Lift. Subject Flat Hallway Storage cupboard. Radiator. Lounge (11' 2'' x 14' 8'' (3.40m x 4.47m)) Double glazed window to the front. Opens into kitchen. Radiator.
Kitchen (8' 11'' x 7' 6'' (2.72m x 2.28m)) Double glazed window to the front. Sink/drainer. High gloss units. Electric oven. Extractor hood.
Bedroom One (16' 5'' x 8' 6'' (5.00m x 2.59m)) Double glazed window to the side. Radiator. Bedroom Two (15' 3'' x 8' 1'' (4.64m x 2.46m)) Double glazed window to the side. Radiator.
Bathroom Frosted double glazed window. Extractor fan. Low level WC. Pedestal wash hand basin. Panelled bath with shower over. External Allocated parking bay.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Flat 16, Park Road, Newcastle Upon Tyne
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