2-bedroom flat · NE30 4HN
For saleListed 31 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the edge of Tynemouth village, above King Edward's Bay, a rare opportunity to purchase a TWO BEDROOM GROUND FLOOR APARTMENT in this purpose built development.
This property is offered with NO UPWARD CHAIN and would suit both young and old alike.
The main features include a spacious larger style living room/dining room, well fitted kitchen and two good size bedrooms.
There is a recently refurbished modern white bathroom/WC and the property enjoys double glazing and is in good decorative order ready to move straight into.
Situated on a private residential street with gated access and stunning communal gardens. In addition to the rear the property has a SINGLE GARAGE in a block.
Right on the edge of Tynemouth village close to the shops, Metro and all other facilities, this property is priced for an immediate sale. Oozing potential - viewing essential!
Communal Entrance Lobby Entrance Hallway Lounge 7.09m x 3.89m A large main reception room with spacious double glazed windows providing fantastic natural lighting and enjoying excellent views out towards the communal Percy Gardens.
Feature timber fireplace with marble style insert and hearth, electric fire and radiator.
Kitchen 4.2m x 2.1m A well fitted galley kitchen with range of both wall and floor units, granite style worktops, stainless steel sink unit, mono block style mixer tap, built in ceramic hob, oven and extractor, splash tiling, double glazed window, radiator.
Bedroom One 4.22m x 3.3m Range of built in fitted wardrobes with locker space, drawer unit and large mirror to vanity area, double glazed window with fitted vertical blind, radiator.
Bedroom Two 2.97m x 2.7m Double glazed window with fitted vertical blinds, radiator.
Bathroom/WC Recently refurbished modern white bathroom comprising low level WC, pedestal wash hand basin in vanity unit with useful storage space below, panelled bath, fully tiled, mirror fronted medicine chest, chrome heated towel rail.
Garage 4.88m x 2.36m Detached garage with electric door.
Externally Percy Gardens is a private residential street with gated access and stunning communal gardens providing a great deal of outdoor family space with sitting areas and wonderful sea views.
Additional photo Lease & Maintenance Charges We understand the following applies: - Leasehold: 199 years from January 1973 (approx 146 years remaining) - Ground Rent: TBC - Service Charge: £1900 per annum.
- Annual Levy to Percy Gardens Trust for maintenance of the communal garden: £505 per annum. All prospective purchasers will need to verify this information with their legal advisor.
Council Tax North Tyneside Council Tax Band C 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** Agent's Notes * No Upward Chain * Fantastic Location * Superb Views to Front * Ideal for Old/Young Alike * Garage in Block to Rear * Stunning Communal Gardens Location Map Energy Performance Certificate EPC Rating C
Value & comps
No previous sales on record.
Returns
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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.
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About Priory Court, Percy Gardens, Tynemouth, NE30
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