3-bedroom flat · NE26 3QL
Listing removedListed 117 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description ** no tenant application fee payable ** A fabulous opportunity for tenants to be the first occupants in this stunning extensive three bedroom first floor apartment with an allocated parking bay.
Completely refurbished at this redeveloped site, including new kitchen/bathroom fittings, redecoration and new carpets / flooring.
Offering modern living within a traditional victorian town centre building, located near the sea front, this apartment will interest professionals and retirement couples alike.
Local amenities are excellent with Whitley Bay centre literally outside the door, on the bustling Park View with a super range of bars / restaurants and various shops.
The local metro is also close by.
Includes spacious lounge / dining space, with open plan modern newly fitted high specification kitchen with oven/hob, utility / wash room, three double bedrooms to front and rear, superb newly installed shower room, private inner entrance hall.
Communal hallway/landings. Elec smart c/h, double glazed, EPC rating D. Available now !
Holding deposits ; Once an agreement in principal is reached on any proposed letting to tenants, the tenant is asked to pay a holding deposit equivalent to one weeks rent on the property, before formal referencing is undertaken.
Our office will provide full terms and conditional applicable to holding deposits before any payment is taken.
Notice regarding free standing gas & electric appliances ; Any free standing appliances shown on photographs or present on viewings may not be included in the tenancy.
Please obtain confirmation in writing from our office as to the inclusion of any appliances which you require included within the tenancy, before you proceed with an application for any property.
Council Tax Band: B Deposit: £1,326 Holding Deposit: £265
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About 88a Park View, Whitley Bay
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