3-bedroom semi-detached house · NE3 1SQ
Sold STCListed 112 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well presented semi detached family home is located in South Gosforth with 3 bedrooms, an open plan dining kitchen as well as off street parking, garage & rear lawn garden that will appeal to couples and young families alike.
Accommodation comprises: Ground floor: Entrance hallway, sitting room, dining kitchen, utility room, cloakroom/wc. First floor: Landing, principal bedroom, bedroom 2, bedroom 3, family bathroom.
Outside: Front town garden, driveway, off street parking, garage, rear lawn garden. Situation: Ridgewood Crescent is a sought after residential address in South Gosforth.
With access to local amenities including shops, restaurants, pubs & bars there is also South Gosforth Metro Station which links directly into the city centre.
Popular with first time buyers and couples, South Gosforth also has good links to Gosforth High Street and the bustling suburb of Jesmond.
Road and bus links run through the city and there are a number of open spaces as well as links out to Northumberland’s beautiful countryside and to the coast with pretty seaside towns such as Whitley Bay & Tynemouth.
Description: This semi detached family home has been much improved by the present owner and will appeal to couples and young families.
An internal inspection is essential to fully appreciate all this property has to offer. With gas central heating and double glazing installed the house offers versatile living and good outside space.
The front door leads directly into the hallway. There is a built in cloaks cupboard, stairs off to the first floor and wood flooring.
The sitting room is the principal reception space with a bay window to the front allowing for additional natural light and space.
With corniced ceiling there is a fireplace as the rooms main focal point. The dining kitchen is the heart of this house and a great space.
With a window and French patio doors to the rear garden the room itself is fitted with modern wall and base unit and central island with breakfast bar.
There is space for an American fridge freezer, induction hob and oven and dishwasher built in.
There is an understairs cupboard and door to the utility room which in turn leads to the cloakroom/wc and attached garage. On the first floor the landing has a window to the side.
The principal bedroom is a double room with a bay window to the front. Bedroom 2 is also a double with a window to the rear and built in wardrobes to one wall.
Bedroom 3 is used as a home office and finally the bathroom has been refitted and has a double ended free standing bath, wash basin and wc, There is a separate walk in shower with drench shower over.
Outside: To the front is a town garden with driveway and off street parking. The garage is attached and a single. To the rear is a lawn garden.
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 Ridgewood Crescent, South Gosforth, NE3
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