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See how verdicts work7-bedroom terraced house · NE2 2RE
Sold STCListed 244 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Bursting with period charm, this substantial Victorian family home with front and rear gardens is ideally positioned on Grosvenor Place, Jesmond.
Grosvenor Place, is centrally located within Jesmond, close to the Dene, a stone's throw from excellent local schools, countless great shops and restaurants, West Jesmond Metro station and indeed Newcastle City Centre itself.
Boasting over 3,000 Sq ft over three floors, the well proportioned accommodation briefly comprises: vestibule entrance through to hallway with stairs to first floor and under-stairs storage cupboard, open to dining room with feature fireplace and dual windows, open again to the kitchen diner measuring almost 22ft, with a range of fitted units, work surfaces and some integrated appliances; sitting room with walk in bay, feature fireplace and decorative ceiling; utility room with rear access to the courtyard.
The first floor landing gives access to; three double bedrooms, all with feature fireplaces; bedroom one with dual windows, access to a balcony overlooking the gardens and its own dressing room; bedroom two also with dual windows; family bathroom complete with three piece suite and a separate WC.
The second floor landing gives access to; a further four bedrooms, bedrooms four and five both with feature fireplaces and bedroom five also with dual windows; shower room complete with three piece suite.
Externally, an enclosed south facing front garden laid mainly to lawn with a paved patio seating area and path leading to the property and to the rear, an enclosed courtyard laid to paving with wall boundaries and access to an 18ft garage providing off-street parking/storage and a separate store room.
Substantial Victorian Mid-Terrace | 3,052 Sq ft (283.5m2) | Seven Bedrooms | Purpose Built Over Three Floors | Sitting Room | Dining Room | Kitchen | Utility Room | 1st Floor Bathroom & Separate WC | 2nd Floor Shower Room | South Facing Front Garden | Enclosed Rear Courtyard | Garage & Store Room | Period Features | Freehold | Council Tax Band E | EPC: 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 Grosvenor Place, Jesmond, Newcastle upon Tyne
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