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See how verdicts work2-bedroom flat · NE33 2BD
For saleListed 12 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary | two bedroom top floor apartment | great location and amenities | secure parking to the rear | lift access to all floors | We are delighted to offer to the market this beautifully presented two bedroom apartment in South Haven, Lawe Road.
Originally known as The Merchant Navy Hotel from 1960, this original building was constructed to serve as a club, hotel, and social hub for merchant seamen arriving at the busy Port of Tyne.
Latterly The building transitioned into private commercial hands and became known as the Ambassador Hotel. It operated as a local hotel and function venue for many years.
Early in the 2000's the hotel was converted into luxury apartments and still today are well sought after due to the coastal location and amenities.
Comprising briefly:- A secure entry system leads to the communal hallway with stairs and lift to all floors.
Door to the apartment leading to the large lounge and dining space, kitchen, bedroom one with en-suite, bedroom two and bathroom.
A Juliet balcony from the lounge gives views over the North Marine Park. Externally to the rear, secure allocated parking.
A stones throw to the sea front with award winning sandy beached and miles of national trust owner coastal walks mean this property will appeal to a wide range of buyers...
Council Tax Band: B Tenure: Leasehold Length of Lease: 103 Entrance Secure door to the communal entrance hallway with stairs and lift to all floors.
Door to the apartment leading to the lounge and dining room, kitchen, bedroom one with en-suite, bedroom two and bathroom.
Lounge Double glazed window to the front central heating radiator and French door to the Juliet balcony.
Kitchen Fitted with a range of wall and base units with roll top work surfaces, stainless steel sink unit wit mixer tap and splash back. Electric ove and ceramic hob with extractor hood.
Plumbed for automatic washing machine and dishwasher. Double glazed window to the rear. Bedroom One. Double glazed window to the front and central heating radiator. Door to the ensuite.
En-Suite Comprising low level w.c., wash basin and shower cubicle. Bedroom Two Double glazed window to the side and central heating radiator.
Bathroom Comprising walk in shower cubicle, wash basin and low level w.c. External A storage unit is provided in the cellar of the building.
Secure off street parking is provided to the rear and is accessed via a remote control door.
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
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FAQ
About Flat 10, South Haven, Lawe Road, South Shields
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