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See how verdicts work1-bedroom flat · NE38 7AZ
Sold STCListed 172 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Riverside Residential are delighted to offer to the sales market with no onward this fantastic one bedroom ground floor flat, located in the popular Columbia, Washington.
The flat offers generous and well proportioned living space, and also benefits from a private yard to the rear.
The internal accommodation has been tastefully decorated throughout and briefly comprises: entrance hall, spacious lounge, kitchen, large double bedroom and stylish bathroom, newly installed within the last couple of years.
Externally there is a generous private yard to the rear with double gates, offering potential off-street parking if required, subject to vehicle size and access.
Situated in a quiet and peaceful area of Columbia, the property is ideally located for excellent local schools, including JFK Primary, St Roberts of Newminster and Biddick Academy, as well as being a short walk to both Washington Village and The Galleries shopping centre.
The property comprises: Hallway: You are welcomed into the central hall via a uPVC door, into a tastefully decorated hall with wood flooring and access to the main accommodation.
Lounge: 4.23m x 3.69m A spacious lounge tastefully decorated with wood-effect flooring, feature fireplace and attractive accent wall.
Kitchen: 3.19m x 2.99m Offering a range of wall and floor units, finished with work surfaces and a tiled splashback surround. The kitchen also has ample space and plumbing for white goods.
Bedroom: 5.14m x 3.71m A large double bedroom, well presented with wood-effect flooring and ample space for bedroom furniture.
Bathroom: 1.77m x 1.70m A stylish bathroom, newly installed within the last couple of years, comprising low level WC, wash hand basin and shower enclosure with glass screen, finished with tiled walls and a heated towel rail.
External: Externally there is a generous private yard to the rear with double gates, offering potential off-street parking if required, subject to vehicle size and access. EPC Rating: C
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 Wear Terrace, Columbia, Washington, NE38
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