1-bedroom flat · NE29 8EA
Sold STCListed 121 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO UPPER CHAIN with this GREAT INVESTMENT OPPORTUNITY (the current tenant has indicated that they would be happy to stay on) that is CONVENIENTLY LOCATED for accessing LOCAL SCHOOLS and SHOPS as well as being close to EXCELLENT TRANSPORT LINKS to centres across Tyneside.
An ideal BUY-TO-LIVE-IN or BUY-TO-LET choice, this lovely and versatile property is STRONGLY RECOMMENDED for an EARLY VIEWING.
With gas central heating and double glazing the property includes a private ground floor entrance lobby, first floor landing, an excellent living room/kitchen, bathroom/WC with shower and two good sized bedrooms or alternatively used as living room, dining kitchen and one bedroom.
Externally there is on street parking readily available and there is a small private yard to the rear. AN EARLY VIEWING IS STRONGLY ADVISED.
Ground Floor Entrance Lobby Double glazed entry door, staircase to the first floor.
First Floor Landing Radiator and door leading to rear staircase, giving access to the private rear yard.
Living Room/Bedroom 4.27m x 3.4m Situated to the front of the property and including radiator, double glazed window with vertical blinds and useable as either living room or if preferred as a double bedroom.
Front Bedroom Two 3.23m x 2.34m Radiator, double glazed window with vertical blinds.
Living Room/Kitchen 4.7m x 3.84m Versatile living/dining and entertaining space situated to the rear of the property with double radiator, TV extension, stainless steel sink unit with drainer, gas cooker point, chimney style extractor hood, plumbing for washing machine, a good range of gloss wall and floor units, work surfaces, wall tiling and double glazed window with fitted blinds.
Bathroom/WC 1.98m x 1.68m Panelled bath with shower over, pedestal wash basin, low level WC, wall tiling and double glazed window.
External There is on street parking available and at the rear there is a private yard.
Lease Information We understand the following applies: Leasehold: 999 years from 1998 All prospective purchasers will need to verify this information with their legal advisor Council Tax North Tyneside Council Tax Band A Mortgage Advice A comprehensive mortgage planning service is available via Darren Smith of NMS Financial Limited.
For a free initial consultation contact Darren on . **Your home may be repossessed if you do not keep up repayments on your mortgage** Location Map Energy Performance Certificate
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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 Brookland Terrace, New York, North Shields, NE29
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