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See how verdicts work1-bedroom house · NE30 4PA
For saleListed 3 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Trading Places are delighted to welcome to the market for sale, this well presented one bedroom third floor retirement apartment, ideally located just off the sea front and close to local shopping facilities and Cullercoats Metro Station.
The Bede Court development briefly comprises; communal ground floor entrance area including communal residents lounge with a kitchen, laundry room, internal refuse room and stair/lift access to upper floors.
This lovely apartment benefits from entrance hallway, spacious living room, fitted kitchen, double bedroom and shower room.
This purpose built McCarthy & Stone development provides excellent standard accommodation for mature buyers, over 60s, with a nice blend of independent living and yet within a community that includes a range of shared facilities.
The property has an on site housing manager who can be contacted from various points within each property in the case of an emergency.
For periods when the Housing Manager is off duty there is a 24 hour emergency call system.
The apartment further offers resident and visitor car parking, with a guest suite available to hire for visiting family/friends.
The communally maintained gardens are immaculately cared for and benefit from a westerly aspect to the rear.
Viewings are highly recommended and can be arranged by appointment through Trading Places on 0191-2511189. EPC Rating C. Council Tax Band B.
Communal Entrance - Secure entry system into communal lobby and residents lounge with kitchen. Laundry facilities and guest suite located on ground level.
Lift/stairs to upper levels and corridor leading to the third floor apartment number 43.
Entrance Hallway - Private front entrance door opening to welcoming hallway with two large storage cupboards and ceiling coving. Doors leading to living room, master bedroom and shower room.
Panic alarm fitted to wall.
Living Room - 4.39m x 3.58m (14'5 x 11'9) - Homely rear facing living room offering an abundance of natural lighting from double glazed window giving outlook to rear communal garden.
Electric feature fireplace with timber surround, electric heater, ceiling coving, wall light points and panic alarm. Doors leading through to kitchen.
Kitchen - 2.67m x 2.41m (8'9" x 7'11) - To the rear of the property is this functional kitchen. Incorporating wall, base and draw units with matching worktops.
Eye level integrated oven, electric hob and extractor hood. Space for freestanding fridge and freezer. Tiled walls and double glazed window providing outlook to rear garden.
Double Bedroom - 5.41m x 2.72m (17'9" x 8'11") - This generous size bedroom has a double glazed window looking on to communal rear gardens. This room is bright and airy.
Fitted wardrobes, ceiling coving, wall mounted electric heater. Shower Room - The shower room incorporates a large shower enclosure with electric shower.
Vanity wash basin with storage below and low level WC. Tiled walls, electric towel warmer, storage cupboards and extractor fan.
Storage - This one bedroom apartment offers a vast amount of storage with two large storage cupboards, fitted wardrobes to master bedroom and storage to bathroom.
External - Bede Court is set in beautifully maintained grounds - with a beautiful mainly grassed rear garden for residents to enjoy and benefitting from a westerly aspect.
Lease Details - Age Restriction - Over 60's Only Lease Term - 125 years from 1 May 1997 Annual Ground Rent - £512.84 Monthly Service Charge - £267.06
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Marden Avenue, Cullercoats
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