2-bedroom flat · NE34 7EL
For saleReduced £5k (−6.7%) on 20 OctListed 157 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideal for the First Time Buyer, downsizer or those looking at a buy to let, we are delighted to offer this top floor apartment well positioned on this popular development and rare to the market.
The home offers two generous bedrooms, a lounge with double aspect windows, a fitted kitchen with breakfast bar and a modern styled shower room by Boldon Bathrooms.
There is gas central heating, double glazing and a low maintenance charge to the council for the upkeep of all communal areas and buildings insurance.
A great all round affordable home offered with No Onward Chain. Communal Entrance A communal entrance via an entry system with stairs to all floors.
On the ground floor is an allocated locked cupboard for personal storage, ideal for bikes, cases, tools etc Entrance Hall Via a composite front door to the hall with a built in cupboard, radiator Living Room (4.55 x 3.65 (14'11" x 11'11")) Double aspect windows, one being a bow window, two radiators Kitchen (3.65 x 2.11 (11'11" x 6'11")) Fitted with a range of wall and base units housing a sink unit, electric hob with oven under and filter hood over, breakfast bar area, tiled walls and floor, central heating boiler.
Shower Room A stylish fitted shower room by Boldon Bathrooms with a large enclosure having a mixer shower with both drencher and spray shower heads, vanity unit with wash basin, WC, tiled walls and floor with a clad ceiling and spot lights Bedroom 1 (3.68 x 3.65 (12'0" x 11'11")) Radiator Bedroom 2 (3.65 x 2.81 (11'11" x 9'2")) Radiator External Communal gardens and public parking areas, bin storage area.
On the ground floor hall there is access to a storage space with individual allocated locked cupboards for storage. Note Leasehold Title 125 years from 1989.
A Maintenance Charge is payable to the local authority for the upkeep of communal areas, buildings maintenance and insurance, this is approximately £375 per annum. The Ground Rent is £10 per annum.
Council Tax Band A, Mains Services Connected, Flood Risk very low. Broadband Basic 1 Mbps, Superfast 36 Mbps, Ultrafast 1000 Mbps. Satellite/Fibre Tv Availability BT, Sky and Virgin.
Mobile Coverage O2, Vodafone, and EE likely, Three limited.
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.
Area
Agent & docs
FAQ
About 71, Steward Crescent, South Shields
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