We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · NE12 6UG
Sold STCListed 80 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Presenting an immaculate top floor contemporary apartment beautifully appointed and decorated on White Swan Close.
Perfectly positioned for access to all amenities, shops and restaurants in Killingworth.
The entrance to the apartment is accessed via a communal entry system with both staircase and lift to the top floor.
Step inside the welcoming entrance hallway which has a useful large cupboard this leads to a beautiful open plan lounge which flows seamlessly to the stylish breakfasting kitchen with integral appliances including oven, hob, fridge freezer and washing machine.
An excellent space to cook, relax and entertain. The property offers a well proportioned double bedroom with anmple room for wardrobes and a modern stylish en suite bathroom.
Externally there is a designated parking space located close to the communal entrance, providing added convenience .
With the benefit of no upper chain we feel demand will be high so an early inspection is a must to secure.
This is a 70% Discount Market Value Property: The buyer has to fit the eligibility criteria of : Household income is less than £60,000 Has a local connection to the area - lived in North Tyneside for minimum of 5 years or works or about to take a permanent job in North Tyneside, other special circumstances that must be agreed.
Please note that a non-refundable aml fee is chargeable once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.
Please note that the aml fee covers the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead. Tenure Leasehold. It is understood that this property is leasehold.
Should you decide to proceed with the purchase of this property, the Tenure and associated details and costs must be verified by your Legal Advisor before you expend costs.
Length of Lease: 125 years from 01/01/2012 Ground Rent: £139.00 per annum. Service Charge: £174.62 per month. Next date of review: 01/01/2027 Buildings insurance: £54.62 per month.
Next date of review: 01/05/2027
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About 49, White Swan Close, Newcastle Upon Tyne
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