2-bedroom flat · NE29 9JA
For saleReduced £5k (−4.4%) on 23 SepListed 187 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Pattinsons welcome to the sales market this newly decorated two bedroom/two bathroom first floor apartment, located within this secure development on Preston Grange.
The property is located a short distance to Whitley Bay town centre and North Tyneside General Hospital, with great transport links to North Shields and Newcastle city centre.
There is also an excellent shopping centre close by with a large Morrison supermarket and local shops.
The property offers the best of city living and the peace of a well-established residential area, local amenities, transportation links, as well as excellent schools, are all within easy reach, making it an appealing choice for families, professionals, and investors alike.
The property comprises: Secure entry system with stairs and lift to first floor landing, entrance hallway with storage cupboard, good sized lounge/dining room with laminate flooring open to fitted kitchen, with integrated oven hob, plumbing for washing machine, bathroom with white suite, master bedroom (double) with laminate floor and en suite shower room, bedroom 2 (double) with laminate floor.
Allocated parking and communal gardens. Viewing highly recommended! Don't delay - enquire today for more information or to arrange a viewing. No upper chain!
Council Tax Band: B Tenure: Leasehold Length of Lease: 126 Annual Service Charge Amount: 142.00 Lounge (5.8m x 3.1m) Good sized lounge with open aspect, two double glazed windows, radiator, open to the kitchen Kitchen (3.4m x 2.8m) Spacious kitchen fully fitted with a range of wall and floor units, integrated oven, hob, extractor fan, double glazed window, radiator.
Hallway Spacious lounge with laminate floor, large storage cupboard, radiator Bedroom 1 (4.0m x 3.4m) Double bedroom with double glazed window, radiator, en suite shower room.
En Suite Shower Room (2.5m x 1.0m) White suite, shower cubicle, wc, wash hand basin, radiator Bedroom 2 (4.3m x 2.8m) Double bedroom with double glazed window, radiator.
Bathroom (2.6m x 1.7m) White suite, wash hand basin, part tiling, double glazed window, shower, 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 10, Newington Drive, North Shields
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