# 2 bedroom flat for sale (NE2 1NQ)

## Property Details

| Key | Value |
|-----|-------|
| Address | 79 GOLDSPINK LANE, NEWCASTLE UPON TYNE, TYNE AND WEAR NE2 1NQ |
| Price | £125,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Last sold | £150,000 Jun 2022 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** C
- **Expiry date:** 08/03/2032
- **Current heating cost:** £451/year
- **Est. upgrade cost to C:** £10,000

### Recommendations
- Q (£4,000 - £14,000)
- W1 (£800 - £1,200)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/8902-6027-2540-0021-1202)

## Description

Hive Estates presents this well-maintained two-bedroom flat in the heart of Sandyford.

The property is located on the end of Goldspink Lane, walking distance from many popular shops and cafes of Sandyford, as well as bus routes and Jesmond Metro. The flat has a unique layout thanks to being an end of terrace, making it unlike any other tyneside flat. At the front of the property there is a spacious double bedroom with a bay window, white walls reflect the natural light around the room. In the middle of the property is a huge bathroom with smart black tiling, a bath, shower, WC and pedestal basin. 

Central to the property is a large living area with a window looking onto the private yard which has ample space for parking. Leading on from the living room is a generous kitchen with wooden cabinetry, marble effect worktops and the door leading to the yard. Adjacent to the living room is a second double bedroom which has a return and built in cupboard, providing additional storage space. 

This unique tyneside flat is in a fantastic location and has the potential to be a beautiful first home or lucrative investment.

**Kitchen** - 3.97 x 2.55 (13'0" x 8'4") - 

**Living Room** - 4.86 x 4.36 (15'11" x 14'3") - 

**Bedroom One** - 3.92 x 3.26 (12'10" x 10'8") - 

**Bedroom Two** - 4.36 x 3.02 (14'3" x 9'10") -

## Property Photos

- ![edit-1421.jpg](/listings/photos/121218512/1262909) - edit-1421.jpg
- ![edit-1051.jpg](/listings/photos/121218512/1262910) - edit-1051.jpg
- ![edit-1041.jpg](/listings/photos/121218512/1262911) - edit-1041.jpg
- ![edit-1035.jpg](/listings/photos/121218512/1262912) - edit-1035.jpg
- ![edit-1045.jpg](/listings/photos/121218512/1262913) - edit-1045.jpg
- ![edit-1047.jpg](/listings/photos/121218512/1262914) - edit-1047.jpg
- ![edit-1049.jpg](/listings/photos/121218512/1262915) - edit-1049.jpg
- ![edit-1054.jpg](/listings/photos/121218512/1262916) - edit-1054.jpg
- ![edit-1058.jpg](/listings/photos/121218512/1262917) - edit-1058.jpg
- ![edit-1065.jpg](/listings/photos/121218512/1262918) - edit-1065.jpg
- ![edit-1080.jpg](/listings/photos/121218512/1262919) - edit-1080.jpg
- ![edit-1086.jpg](/listings/photos/121218512/1262920) - edit-1086.jpg
- ![edit-1084.jpg](/listings/photos/121218512/1262921) - edit-1084.jpg
- ![edit-1425.jpg](/listings/photos/121218512/1262922) - edit-1425.jpg

## Floorplans

- ![Goldspink Lane.jpg](/listings/photos/121218512/1262923) - Goldspink Lane.jpg

## EPC Graphs

- ![EE Rating](/listings/photos/121218512/1262924) - EE Rating

## FENSA Certificates

This property has 1 FENSA certificate(s) on record.

### FENSA Certificate #8251633
- **Address:** 79 Goldspink Lane, NEWCASTLE UPON TYNE, NE2 1NQ
- **Certificate Issued:** 04/07/2011
- **Work Completed:** 27/03/2009
- **Items:** 6 window(s), 2 door(s)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 79 GOLDSPINK LANE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1NQ | £150,000 | 17/06/2022 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| [Same street] 63 GOLDSPINK LANE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1NQ | £268,250 | 18/11/2025 | Other |
| [Same street] 43 GOLDSPINK LANE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1NQ | £268,250 | 18/11/2025 | Other |
| 197 HELMSLEY ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1RD | £185,000 | 31/10/2025 | Flat |
| 63 HIGH PARK, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1PT | £100,000 | 12/03/2025 | Flat |
| 31 BRANDON GROVE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1PA | £165,000 | 13/02/2025 | Flat |
| 42 MOUNTWOOD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1PY | £125,500 | 19/12/2023 | Flat |
| 12 SANDYFORD PARK, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1TA | £66,000 | 07/12/2023 | Flat |
| 76 BROAD ASH, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1PZ | £138,500 | 04/12/2023 | Flat |
| 170 DONCASTER ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1RB | £142,500 | 29/11/2023 | Flat |
| [Same street] 8 GOLDSPINK LANE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1NQ | £155,000 | 08/11/2023 | Flat |
| [Same street] 10 GOLDSPINK LANE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1NQ | £150,000 | 08/11/2023 | Flat |
| 14 SANDYFORD PARK, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1TA | £113,000 | 30/10/2023 | Flat |
| 209 HELMSLEY ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1RD | £208,000 | 27/10/2023 | Flat |
| 83 SPRINGBANK ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1PD | £138,500 | 20/10/2023 | Flat |
| 171 HELMSLEY ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1RD | £150,000 | 17/10/2023 | Flat |
| 173 HELMSLEY ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1RD | £150,000 | 17/10/2023 | Flat |
| 70 BROAD ASH, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1PZ | £120,000 | 25/08/2023 | Flat |
| 53 HIGH PARK, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1PT | £129,000 | 06/06/2023 | Flat |
| 49 AMBLE GROVE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1NY | £146,000 | 24/04/2023 | Flat |
| 45 SANDYFORD PARK, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1TA | £145,000 | 16/12/2022 | Flat |
| 37 DINSDALE ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1DN | £296,500 | 16/12/2022 | Flat |
| 224 HELMSLEY ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1RD | £182,630 | 10/11/2022 | Flat |
| 89 DINSDALE ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1DN | £192,000 | 07/11/2022 | Flat |
| 106 DONCASTER ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1RA | £165,000 | 03/11/2022 | Flat |
| [Same street] 14 GOLDSPINK LANE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1NQ | £2,610,527 | 17/12/2021 | Terraced |

**Street average:** £690,405 (5 sales)
**Area average:** £152,907 (20 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £254,430 (51 Flat, NE2, 2024–2026)
- **Deviation:** -50.9%

## Rental Range

*ONS Price Index of Private Rents (Newcastle upon Tyne). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,084/mo
- **Realistic:** £1,204/mo
- **Optimistic:** £1,324/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Tyneside (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £549/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Newcastle Upon Tyne, NE2 | £1,250/mo | 2 | 0.85 miles | OpenRent |

**Average rent: £1,250/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 1% (strong)
- **Max investor price (0.8%):** £156,250
- **Target investor price (1%):** £125,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,250/mo).*

- **Gross yield:** 12%
- **Cost-to-rent:** 8.3×
- **Monthly cashflow:** £608/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 20.1%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £2,016/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -4.1%
- **10y growth:** -6.1%

## House Price Index (HM Land Registry)

*Official index for Newcastle upon Tyne; Flats and maisonettes series; as of April 2026.*

- **1y growth (index):** 1.2%
- **5y growth (index):** 12.4%
- **10y growth (index):** 28%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)