2-bedroom flat · NE27 0RL
Listing removedReduced £5k (−4%) on 23 SepListed 191 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
ML Estates are pleased to welcome to the sales market this attractive larger style, modern build top floor apartment.
A very central location close to Northumberland Park Railway Station with easy access to the Tyne & Wear Metro and the newly opened Northumberland Train Line.
There are good links to main motorway links to include the A19 and the A1 North and Southbound. There is a good array of shops at Northumberland Park Shopping Centre too.
All in all this property really does offer a lot for a variety of buyers. The property is accessed via a communal entrance hall with security entry phone system.
Internally the property briefly comprises; private hall with storage, bright and airy living room/dining area, kitchen with fitted wall and floor units, integrated oven and hob and complimenting work surfaces, two bedrooms, the main bedroom with double built-in wardrobes, and there is a family bathroom with 3 piece suite of panelled bath with mains shower over, wash basin and low level w.c.
The property is warmed with gas central heating, is double glazed and has laminate flooring throughout. Externally there is an allocated parking position.
Ideal for first time buyers looking to get on the property ladder..
Living Room (5.46 x 4.31 (17'10" x 14'1")) Kitchen (3.18m x 2.59m (10'5 x 8'6)) Bedroom One (3.84m x 3.68m max (12'7 x 12'1 max)) Bedroom Two (3.02 x 2.62 (9'10" x 8'7")) Bathroom/W.C.
(2.16m x 1.55m (7'1 x 5'1)) Externally Disclaimer Disclaimer: ML Estates Ltd endeavour to maintain accurate descriptions of properties in Virtual Tours, Brochures, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.
The mention of any appliances and/or services within these does not imply that they are in full and efficient working order We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment..
The Tenure of the property should be clarified by your legal representative prior to exchange of contracts.
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 42, Fenwick Close, Backworth
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