# 1 bedroom flat for sale (NE2 1PN) ## Property Details | Key | Value | |-----|-------| | Address | 28 GREYSTOKE AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR NE2 1PN | | Price | £155,000 | | Bedrooms | 1 | | Bathrooms | 1 | | Council tax | A | | Last sold | £165,000 Apr 2026 | ## EPC Rating & Upgrade Cost - **Current rating:** D - **Potential rating:** C - **Expiry date:** 02/12/2035 - **Current heating cost:** £726/year - **Est. upgrade cost to C:** £19,785 ### Recommendations - Q (£7,500 - £11,000) - W1 (£5,000 - £10,000) - C (£20 - £40) - F (£130 - £180) - I (£2,200 - £3,500) [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/0577-3957-1202-3635-0204) ## Description Presenting a rare opportunity for first-time buyers, this charming terraced flat in Greystoke Avenue, Newcastle upon Tyne, NE2 1PN, is ideally situated in a sought-after location with an array of local amenities, reputable schools, abundant green spaces, and historical features all within easy reach. Transport links and access to nearby parks, walking and cycling routes add to the convenience and lifestyle this property affords. The residence features a tastefully presented double bedroom, alongside a modern bathroom complete with a separate shower cubicle, catering for both comfort and functionality. The reception room is an inviting space to relax or entertain, boasting a striking fireplace and a classic bay window that fills the room with natural light throughout the day. The generously proportioned dining kitchen benefits from ample natural light, offering an ideal setting for home-cooked meals and informal gatherings. A utility room adds further practicality, helping to keep daily life organised. One of the standout features is the delightful south-facing private yard, perfect for enjoying the outdoors, hosting alfresco dining, or cultivating a tranquil retreat at home. Blending comfort, character, and convenience in a highly desirable setting. With well-considered features throughout and excellent connections to everything Newcastle upon Tyne has to offer, this property presents an outstanding opportunity for those seeking an accessible step onto the property ladder in a vibrant community setting. Early viewing is highly recommended to fully appreciate all that this home has to offer. PRIMARY SERVICES SUPPLY Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains Gas Broadband: Fibre Mobile Signal Coverage Blackspot: No Parking: On Street / Permit 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 ## Property Photos - ![Photo 13](/listings/photos/169225115/2123786) - Photo 13 - ![Photo 15](/listings/photos/169225115/2123787) - Photo 15 - ![Photo 9](/listings/photos/169225115/2123788) - Photo 9 - ![Photo 10](/listings/photos/169225115/2123789) - Photo 10 - ![Photo 8](/listings/photos/169225115/2123790) - Photo 8 - ![Photo 5](/listings/photos/169225115/2123791) - Photo 5 - ![Photo 7](/listings/photos/169225115/2123792) - Photo 7 - ![Photo 4](/listings/photos/169225115/2123793) - Photo 4 - ![Photo 3](/listings/photos/169225115/2123794) - Photo 3 - ![Photo 2](/listings/photos/169225115/2123795) - Photo 2 - ![Photo 6](/listings/photos/169225115/2123796) - Photo 6 - ![Photo 1](/listings/photos/169225115/2123797) - Photo 1 - ![Photo 16](/listings/photos/169225115/2123798) - Photo 16 - ![Photo 14](/listings/photos/169225115/2123799) - Photo 14 ## FENSA Certificates This property has 2 FENSA certificate(s) on record. ### FENSA Certificate #6085659 - **Address:** 28 Greystoke Avenue, NEWCASTLE UPON TYNE, NE2 1PN - **Certificate Issued:** 27/10/2008 - **Work Completed:** 14/10/2008 - **Items:** 4 window(s) ### FENSA Certificate #4238310 - **Address:** 28 Greystoke Avenue, NEWCASTLE UPON TYNE, NE2 1PN - **Certificate Issued:** 20/11/2006 - **Work Completed:** 08/11/2006 - **Items:** 4 window(s), 1 door(s) ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 28 GREYSTOKE AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1PN | £165,000 | 20/04/2026 | Flat | | 28 GREYSTOKE AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1PN | £122,500 | 13/12/2012 | 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 | |---------|-------|------|------| | 68 DENESIDE COURT, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1JW | £155,000 | 19/12/2025 | Flat | | 23 DENESIDE COURT, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1EZ | £135,000 | 10/12/2025 | Flat | | 25 DENESIDE COURT, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1EZ | £125,000 | 21/11/2025 | Flat | | [Same street] 25 GREYSTOKE AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1PN | £268,250 | 18/11/2025 | Other | | 69 SPRINGBANK ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1PD | £180,000 | 14/11/2025 | Flat | | 8 DENESIDE COURT, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1EZ | £112,500 | 14/11/2025 | Flat | | 197 HELMSLEY ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1RD | £185,000 | 31/10/2025 | Flat | | 1 DENESIDE COURT, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1EZ | £127,000 | 28/07/2025 | Flat | | 45 DENESIDE COURT, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1JW | £146,000 | 11/07/2025 | 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 | | 8 GOLDSPINK LANE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1NQ | £155,000 | 08/11/2023 | Flat | | 10 GOLDSPINK LANE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1NQ | £150,000 | 08/11/2023 | Flat | | 14 DENESIDE COURT, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1EZ | £110,000 | 03/11/2023 | 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 | | [Same street] 19 GREYSTOKE AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1PN | £173,000 | 18/08/2022 | Terraced | | [Same street] 15 GREYSTOKE AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1PN | £172,000 | 22/07/2022 | Terraced | | [Same street] 59 GREYSTOKE AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1PN | £150,000 | 14/01/2022 | Flat | | [Same street] 39 GREYSTOKE AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1PN | £175,000 | 10/12/2021 | Flat | | [Same street] 26 GREYSTOKE AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 1PN | £286,000 | 10/12/2021 | Flat | **Street average:** £204,042 (6 sales) **Area average:** £138,875 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £251,339 (53 Flat, NE2, 2024–2026) - **Deviation:** -38.3% ## Rental Range *ONS Price Index of Private Rents (Newcastle upon Tyne). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,086/mo - **Realistic:** £1,207/mo - **Optimistic:** £1,328/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Tyneside (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £489/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 | |------|------|------|------|------| | Studio Flat, Tankerville Place, NE2 | £1,100/mo | 1 | 0.68 miles | OpenRent | **Average rent: £1,100/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.71% (weak for cashflow) - **Max investor price (0.8%):** £137,500 - **Target investor price (1%):** £110,000 *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 £1,100/mo).* - **Gross yield:** 8.5% - **Cost-to-rent:** 11.7× - **Monthly cashflow:** £355/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 9.5% *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:** £2,385/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -14.8% - **10y growth:** 1.4% ## House Price Index (HM Land Registry) *Official index for Newcastle upon Tyne; Flats and maisonettes series; as of June 2026.* - **1y growth (index):** 4.3% - **5y growth (index):** 11.3% - **10y growth (index):** 24.6% ## 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)