1-bedroom flat · NE29 9BF
Sold STCListed 55 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A DELIGHTFUL FIRST FLOOR APARTMENT with a LOVELY OUTLOOK OVER COMMUNAL GARDENS and a GREAT LOCATION for accessing nearby SHOPS, RESTAURANTS, the SEAFRONT and EXTENSIVE TRANSPORT LINKS to centres across Tyneside.
Representing an EXCELLENT OPPORTUNITY for those seeking SECURE, PEACE OF MIND LIVING within an established community, retaining independence.
Representing arguably one of the nicest of its type currently available, this lovely home is strongly recommended for an early viewing.
Access to the development is via a security door entrance and from the ground floor there is either lift or stairs access to the upper floors.
The flat itself benefits from electric heating and double glazing and includes a spacious, private entrance hall, an all-purpose living/dining room with adjoining kitchen, a large double bedroom with wardrobing and a well-appointed shower/WC (mains fed).
Within the development there is a spacious residents lounge, guest suite, laundry room, Careline facility and a House Manager.
Externally there is resident and visitor parking and there are quite delightful communal gardens to be enjoyed. We strongly recommend an early viewing.
Ground Floor Security door entry system to...
Communal Entrance Hall Providing access to the general amenities on the ground floor, from which there is both staircase and lift access to the upper floors.
First Floor Hallway Large lit built in storage cupboard with hot water tank, coved ceiling, Carecall unit and door intercom phone.
Lounge 5.84m x 3.28m A delightful lounge that is attractively presented and includes a modern Dimplex Quantum electric radiator, coved ceiling, TV point, telephone point, a modern coal effect electric fire set to an attractive Minster style fireplace surround, air conditioning unit and double glazed window and double glazed door to Juliet balcony with outlook to garden.
View from the balcony Kitchen 2.34m x 2.2m Includes a stainless steel sink unit with drainer, fitted four ring hob unit with extractor hood over, built in oven, space for undercounter fridge and freezer, coved ceiling, modern wall and floor units, work surfaces, wall tiling, double glazed window with roller blind, wall mounted Creda electric heater, outlook to garden.
Bedroom 4.78m x 2.8m Night storage heater, mirror fronted built in wardrobing, coved ceiling, double glazed window with outlook over communal gardens and an air conditioning unit.
Shower Room/WC 2.08m x 1.75m A larger style shower cubicle (mains fed shower unit), vanity wash basin with storage beneath, vanity mirror and lighting over, low level WC, wall tiling, extractor fan, coved ceiling and a wall mounted electric heater.
Externally There are delightful communal gardens surrounding the development and there is onsite resident parking available.
Communal Areas Within the development there is a spacious communal lounge with kitchen off that is an area for communal gatherings and also for meeting and greeting visitors or just for passing the time of day.
There is also a guest suite in the development, a laundry facility and a communal bin room.
Lease & Maintenance Charges We understand the following charges apply Leasehold: 125 years from 2004 Ground Rent: £385 per annum. Service Charge: £4176.66 per annum.
All prospective purchasers will need to verify this information with their legal advisor.
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** Council Tax Band North Tyneside Council – Band A Location Map Energy Performance Certificate EPC Rating B
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About Grangeside Court, North Shields, NE29
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