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See how verdicts work2-bedroom flat · NE10 0YH
Sold STCListed 284 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented two-bedroom upper flat, ideally located for convenient access to regular bus routes, local shops and supermarkets, and just a short drive from the A19 and Tyne Tunnel — making it perfectly placed for commuters and everyday living.
The property benefits from UPVC double glazing throughout and a recently fitted Baxi boiler still under warranty, offering both comfort and peace of mind.
The accommodation briefly comprises an entrance lobby with stairs to the first-floor landing, a bright and spacious lounge, fitted kitchen, separate utility room, two well-proportioned bedrooms and a modern bathroom.
Externally there is a small yard area to the rear.
Council Tax Band: A Tenure: Leasehold Length of Lease: 980 Entrance Lobby Stairs to the first floor Landing Vertical radiator Lounge 3.8m x 4.4m UPVC double glazed window, radiator Kitchen 1.9m x 3.0m Fitted wall and base units with built in electric hob and oven with extractor over, stainless steel sink and drainer, UPVC double glazed window, radiator Lobby Stairs to rear yard, vertical radiator, access to the utility room Utility Room 1.5m x 1.8m Matching base unit, space for an automatic washing machine, UPVC double glazed window, radiator, combi boiler Bathroom 3.1m x 2.3m Four piece suite comprising a double shower cubicle with mains fed shower, panelled bath, WC, wash basin, radiator, UPVC double glazed window Bedroom One 3.9m x 4.2m Two UPVC double glazed windows, radiator Bedroom Two 2.8m x 2.3m UPVC double glazed window, radiator
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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
Agent & docs
FAQ
About 1, Greenfield Terrace
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