# 2 bedroom flat for sale (NE2 2LY)

## Property Details

| Key | Value |
|-----|-------|
| Address | Manor House Road, Jesmond, Newcastle upon Tyne, NE2 2LY |
| Price | £210,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | B |
| Last sold | £174,000 |

## Description

STYLISH PRESENTATION! This great ground floor period conversion apartment is located in the heart of Jesmond on Manor House Road. Situated close to excellent local schools, the shops, restaurants and cafés as well as excellent local transport links, Manor House Road is well placed within Jesmond and is also a short walk from Jesmond Dene. 

Boasting over 900 Sq ft, the accommodation briefly comprises: communal entrance door; private entrance hall with storage cupboard; sitting room with walk in bay, feature fireplace and decorative ceiling; kitchen with a range of fitted units, hardwood work surfaces and spot lighting; utility room with side door access to the yard; integral garage/store room; shower room with three piece suite; two bedrooms, bedroom one measuring 15ft. Externally, a privately owned front town garden with mature planting and a dwarf wall and hedge boundary and to the rear, an enclosed yard with wall boundaries. Early viewings are essential!

Stylish Ground Floor Conversion Apartment | 932 Sq ft (86.6m2) | Two Bedrooms | Sitting Room | Kitchen | Utility Room | Shower Room | Garage/Store | Front Garden | Enclosed Rear Yard | Leasehold - Tyneside Lease with Peppercorn Rent - 940 Years Remaining | Council Tax Band B | EPC: D

## Property Photos

- ![External](/listings/photos/173250374/1581817) - External
- ![Lounge/Diner](/listings/photos/173250374/1581818) - Lounge/Diner
- ![Lounge/Diner](/listings/photos/173250374/1581819) - Lounge/Diner
- ![Hall](/listings/photos/173250374/1581820) - Hall
- ![Bedroom](/listings/photos/173250374/1581821) - Bedroom
- ![Bedroom](/listings/photos/173250374/1581822) - Bedroom
- ![Bedroom](/listings/photos/173250374/1581823) - Bedroom
- ![Kitchen](/listings/photos/173250374/1581824) - Kitchen
- ![Kitchen](/listings/photos/173250374/1581825) - Kitchen
- ![Shower Room](/listings/photos/173250374/1581826) - Shower Room
- ![External](/listings/photos/173250374/1581827) - External

## Floorplans

- ![Floorplan](/listings/photos/173250374/1581828) - Floorplan

## EPC Graphs

- ![EE Rating](/listings/photos/173250374/1581829) - EE Rating

## Sold Comparables

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 22 SHORTRIDGE TERRACE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2JE | £172,050 | 05/12/2025 | Flat |
| 73 FLAT C FERN AVENUE, JESMOND, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2QU | £136,000 | 21/11/2025 | Flat |
| 96 FERN AVENUE, JESMOND, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2RA | £175,000 | 11/07/2025 | Flat |
| 94 FERN AVENUE, JESMOND, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2RA | £410,000 | 04/04/2025 | Flat |
| 54C QUEENS ROAD, JESMOND, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2PR | £110,000 | 15/12/2023 | Flat |
| 19 SHORTRIDGE TERRACE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2JE | £205,000 | 31/10/2023 | Flat |
| 2 ORCHARD PLACE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2DE | £161,000 | 20/09/2023 | Flat |
| 65 SHORTRIDGE TERRACE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2JE | £220,750 | 21/08/2023 | Flat |
| 63 SHORTRIDGE TERRACE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2JE | £220,750 | 21/08/2023 | Flat |
| 20 FLAT B GROSVENOR ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2RP | £130,000 | 04/08/2023 | Flat |
| 44 SHORTRIDGE TERRACE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2JE | £385,000 | 28/07/2023 | Flat |
| 78 SHORTRIDGE TERRACE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2JH | £163,000 | 27/07/2023 | Flat |
| 42 SHORTRIDGE TERRACE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2JE | £385,000 | 25/07/2023 | Flat |
| 74 SHORTRIDGE TERRACE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2JH | £165,000 | 30/06/2023 | Flat |
| [Same street] 118 MANOR HOUSE ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2LY | £300,000 | 28/04/2023 | Terraced |
| PTARMIGAN HOUSE, 1 FLAT 5 FENWICK TERRACE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2JQ | £215,000 | 29/11/2022 | Flat |
| 32 FLAT 3 GROSVENOR ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2RP | £160,000 | 07/10/2022 | Flat |
| [Same street] 41 MANOR HOUSE ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2LY | £600,000 | 30/09/2022 | Terraced |
| 30 FLAT 4 GROSVENOR ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2RP | £126,000 | 09/09/2022 | Flat |
| 30 FLAT 3 GROSVENOR ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2RP | £134,000 | 01/08/2022 | Flat |
| 20 SHORTRIDGE TERRACE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2JE | £210,000 | 24/06/2022 | Flat |
| 14 SHORTRIDGE TERRACE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE2 2JE | £195,000 | 20/06/2022 | Flat |

**Street average:** £450,000 (2 sales)
**Area average:** £203,928 (20 sales)

## Price vs local average

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

- **Local average:** £254,430 (51 Flat, NE2, 2024–2026)
- **Deviation:** -17.5%

## Rental Range

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

- **Low:** £1,085/mo
- **Realistic:** £1,206/mo
- **Optimistic:** £1,327/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, Ferndene Grove, NE7 | £895/mo | 2 | 0.97 miles | OpenRent |

**Average rent: £895/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.43% (weak for cashflow)
- **Max investor price (0.8%):** £111,875
- **Target investor price (1%):** £89,500

*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 £895/mo).*

- **Gross yield:** 5.1%
- **Cost-to-rent:** 19.6×
- **Monthly cashflow:** £-47/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -0.9%

*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).*

## Capital growth trend

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

- **5y growth:** 7.4%
- **10y growth:** -1.7%

## House Price Index (HM Land Registry)

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

- **1y growth (index):** 0.7%
- **5y growth (index):** 13.3%
- **10y growth (index):** 24.5%

## 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)