2-bedroom flat · NE38 8RR
For saleListed 677 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Safe and Secure welcome to the market this Two Bedroom Upper Floor Flat in the sought after area of Fernlea Close, Fatfield. This spacious home benefits from gas central heating and double glazing.
Close to local amenities and transport links, the property would suit a variety of buyers. With vacant possession, viewings are recommended.
Safe and Secure welcome to the market this Two Bedroom Upper Floor Flat in the sought after area of Fernlea Close, Fatfield. This spacious home benefits from gas central heating and double glazing.
Close to local amenities and transport links, the property would suit a variety of buyers. With vacant possession, viewings are recommended. Entrance hall Double glazed entrance door.
Lounge 10' 5" x 15' 5" (3.2m x 4.7m) Double glazed window to rear, radiator and television point.
Kitchen 6' 2" x 9' 10" (1.9m x 3.0m) Fitted wall and base units, work surfaces, single bowl sink and drainer unit, built in electric oven and gas hob, radiator and double glazed window to front.
Master bedroom 12' 9" x 9' 10" (3.9m x 3.0m) Double glazed window to rear and radiator. Bedroom 2 12' 9" x 6' 6" (3.9m x 2.0m) Double glazed window to rear and radiator.
Bathroom White three piece suite comprising of panelled bath with shower over, pedestal wash hand basin, low level WC, radiator, extractor fan and double glazed window to front.
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 36, Fernlea Close, Washington
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