2-bedroom flat · NE29 8PQ
Sold STCListed 134 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
WELL PRESENTED TWO BEDROOM FIRST FLOOR FLAT SITUATED WITHIN THIS POPULAR RESIDENTIAL AREA IN NORTH SHIELDS WITH A GARDEN Brannen & Partners welcome to the market this attractive two bedroom first floor flat situated in North Shields.
Benefitting from modern interiors, lounge/diner, well equipped kitchen and private garden. Appealing to a range of buyers including first time buyers, downsizers and buy to let investors.
Briefly comprising: Private entrance hallway with stairs to the first floor landing accessing all rooms.
The stylish lounge/diner presents a comfortable space, this bright and airy room overlooks the front of the property.
The kitchen has a modern range of fitted wall and base units, integrated appliances include a gas hob, electric oven, fridge and plumbing for a washing machine.
There are two good sized bedrooms, both benefit from fitted storage. The bathroom comprises a bath with shower over, W.C. and hand basin within a vanity unit and heated towel rail.
Externally to the rear is a private enclosed garden with a paved patio and artificial lawn.
Located in North Shields this property is within walking distance to good local shops, schools, Rake Lane Hospital and amenities.
There are good road links to the City Centre as well as other coastal towns.
Tynemouth Village is also within easy reach offering a good selection of local shops and restaurants as well as the award winning Longsands beach.
Entrance Hallway - Lounge/Diner - 4.62m x 3.39m (15'1" x 11'1") - Kitchen - 3.01m x 2.67m (9'10" x 8'9") - Bedroom One - 3.65m x 3.24m (11'11" x 10'7") - Bedroom Two - 2.68m x 2.06m (8'9" x 6'9") - Bathroom - 2.71m x 1.60m (8'10" x 5'2") - Externally - Externally to the rear is a private enclosed garden with a paved patio and artificial lawn.
Tenure - Leasehold - 110 years remaining.
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 Falmouth Road, North Shields
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