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See how verdicts work2-bedroom flat · NE30 4PR
For saleReduced £10k (−5%) on 1 OctListed 147 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Occupying a top floor position within this established residential development, this well-presented two-bedroom apartment offers generous proportions throughout, a reserved parking bay and a highly convenient location in the heart of Tynemouth.
The apartment is accessed via a communal entrance with secure entry system and enjoys an elevated position on the second floor.
Internally, the accommodation is notably spacious, centred around an impressive living and dining room, filled with natural light from a large front-facing box bay window, with stunning views down to the river Tyne and views across the sea to the beach at South Shields this versatile room provides ample space for both lounge and dining furniture, creating an excellent main living area.
The kitchen is positioned separately and is fitted with a range of wall and base units incorporating an oven, gas hob, sink unit and plumbing for a washing machine.
A window provides good natural light and ventilation. There are two bedrooms, both well-proportioned doubles.
The principal bedroom benefits from fitted storage, whilst the second bedroom is equally generous in size and storage.
The bathroom has been attractively updated and features contemporary marble-effect wall panelling, a bath with shower over, vanity wash basin, concealed cistern WC and useful built-in storage.
Externally, the property benefits from a designated parking bay together with visitor parking and communal grounds.
Situated within easy reach of Tynemouth Village, the Metro station, vibrant cafés, restaurants and award-winning beaches, this is an excellent opportunity to acquire a spacious apartment in one of the area’s most sought-after coastal locations.
Leasehold. 999 years from 01/01/1995, years remaining 968, Service Charge £1,140 per annum. EPC: C, Council Tax Band: C, Gas, Electric, Water, Heating, Drainage: Mains Connected.
Broadband: Cable, Mobile Phone Blackspot: No Mining: The property is not known to be on a coalfield and not known to be directly impacted by the effect of other mining activity.
The North East region is famous for its rich mining heritage and confirmation should be sought from a conveyancer as to its effect on the property if any.
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
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FAQ
About 5A Priory Mews, Oxford Street, North Shields
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