Lot - Flat 2, 18 Eslington Terrace, Jesmond, Newcastle upon Tyne, NE2 4RL

NE2 4RL · SW Property Auctions · North East

£175,000guide price
8.2%gross yield
Residential8.2% gross yield
Lot - Flat 2, 18 Eslington Terrace, Jesmond, Newcastle upon Tyne, NE2 4RL
Photo: SW Property Auctions catalogue

Pre-bid risk check

Check public-data risks before you chase this lot.

Two signals already stand out. The £19 pack checks them against official sources, then adds planning, licensing, flood, sold-price context and our own repeat-lot history. It is not a legal opinion.

53 year lease

Short leases can affect lending, resale value, and extension terms.

medium confidence, Auction listing enrichment

EPC C

No listing-level EPC red flag, subject to official certificate expiry and address match.

medium confidence, Auction listing enrichment

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About this lot

Leasehold first floor self-contained three-bedroom flat in the sought after area of Jesmond - Investment producing £14,400.00 per annum

Leasehold first floor self-contained three-bedroom flat within a three storey mid terraced building. Location Jesmond is a highly sought after affluent suburb which is located north east of Newcastle upon Tyne City Centre off the A167 (M) motorway, the property is situated between Eslington Road and Haldane Terrace. Public transport facilities include Manors (Northern rail network) railway station which provides access to Newcastle City Centre, Ashington and Morpeth. Shopping amenities can be found locally as well as the many shops, bars and restaurants within the city centre. Recreational pursuits are at the nearby Exhibition Park. Accommodation Three bedrooms, reception room / dining area, kitchen, bathroom/wc Tenancy Let on a periodic tenancy from 12/6/2026 at a rent of £14,400.00 per annum Lease Details Held on a lease for a term of 99 years from 25/3/1980 (approximately 53 years unexpired) at a ground rent of £25 per annum. Additional Information (EPC, Council Tax & VAT) EPC Rating C Council Tax Band C VAT VAT is not applicable to this lot Disclaimer* * Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve Price (a figure below which the A…

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Key facts

ResidentialUse class
LeaseholdTenure
CEPC
53 yearsLease remaining
£14K/yrPassing income
10 September 2026Auction date

Recent sold prices nearby

9 registered sales in this postcode sector over the last two years, straight from HM Land Registry. What nearby properties actually sold for — not what they were guided at.

FL**** 8 ES***** TE*****NE2 4DN£200,000
FL**** 33 ES***** TE*****NE2 4DN£220,000
FL***** 10 ES***** TE*****NE2 4DN£195,000

6 more sales with full addresses, sale dates and prices — including any prior sale of this exact lot.

Contains HM Land Registry data © Crown copyright and database right 2026, licensed under the Open Government Licence v3.0. Sales typically register 6–12 weeks after completion, so very recent transactions may not yet appear.

Renovation upside in NE2

Evidence from 128 properties in this postcode district that sold twice with material uplift — the signature of value-add work between sales.

+55.6%median uplift
£55,850typical value added
3.7 yearstypical hold period

See 128 example projects — real before/after sale pairs with postcodes, prices and dates. Plus the planning applications that likely explain each uplift.

Derived from 128 registered sale pairs in NE2 where the property gained ≥15% between two arms-length sales (HM Land Registry Price Paid data, OGL v3.0). The planning applications visible above may explain individual uplifts. Past performance is not a guarantee of future returns.

Investor angles

Investment Let

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