2-bedroom flat · NE2 2PJ
Sold STCListed 252 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Mansons are delighted to bring to the sales market this two bedroom second floor apartment, centrally located on Queens Terrace, Jesmond.
Superbly located for access to City Centre, Jesmond and transport links.
The property benefits from gas central heating and briefly comprises: Communal entrance with staircase to the first floor, private entrance to apartment, stairs to the second floor, living room open plan to the kitchen, two bedrooms and bathroom.
Parking on drive at front of property. Viewings highly recommended.
Entrance Door Communal Entrance Hall Stairs to the first floor First Floor Landing Entrance to Flat Stairs to the second floor.
Living Room 4.01m ( 13'2'') x 4.75m ( 15'8'') Central heating radiator. Open plan to ...
Kitchen 1.83m ( 6'1'') x 3.43m ( 11'4'') Wall and base units with worktop over, one and a half bowl stainless steel sink unit, integrated oven, hob and extractor, splash back, integrated fridge and freezer and dishwasher.
Inner Lobby Stairs down to cupboard with plumbing for washing machine.
Bedroom One 2.09m ( 6'11'') x 3.01m ( 9'11'') Central heating radiator, door to fire escape, fitted double cupboard and fitted wardrobes.
(Measurements plus wardrobes) Bedroom Two 2.77m ( 9'2'') x 3.35m ( 11'0'') Central heating radiator.
Bathroom White suite comprising bath, separate shower cubicle with glazed screen, basin, W.C, tiled walls and floor, heated towel rail and cupboard housing boiler.
Externally Allocated parking on drive, to front of property.
Additional Information We have been advised by the vendor of the following information:- The tenure of this property is: Leasehold Lease length: 125 Years from 1990, 89 years remaining Ground Rent: Peppercorn Council Tax band: B EPC Rating: D Broadband Checker: Please use the Open Reach website checking service.
Mobile Coverage: Please use the Ofcom website checking service. Flooding Checker: via the Gov UK website.
If you are purchasing this property as an investment property to rent out, the current minimum energy efficiency rating is E.
However from Oct 2030, the minimum required energy efficiency rating for a rental property will be C.
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
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FAQ
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