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See how verdicts work2-bedroom flat · NE23 6LA
Listing removedListed 123 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two-bedroomed ground floor flat, quietly situated in a popular, well-established residential area close to local amenities.
The property includes a south-facing rear garden with a substantial timber shed, which has its own electricity supply. Vacant possession.
Leasehold Council Tax Band A EPC Rating tbc Living Room (4.47m (14'8") x 3.40m (11'2")) Double radiator, t.v.
Point Kitchen (2.29m (7'6") x 2.64m (8'8")) Built in base and wall units with drawers and cupboards, stainless steel sink unit with mixer tap, cooker point, plumbing for washing machine, radiator, tiled splashbacks Inner Hall Radiator Bedroom 1 (2.87m (9'5") x 3.58m (11'9")) Two sets of built in wardrobes with storage cupboards over, radiator Bedroom 2 (2.87m (9'5") x 2.95m (9'8")) Radiator, built in cupboard containing Baxi gas fired combi central heating boiler Bathroom White suite of panelled bath with shower fitment, pedestal washbasin, low level w.c.
Set, partly tiled walls Externally South facing garden to the rear with a substantial timber shed with its own electricity supply and enclosed by timber fencing on three sides.
There is a garage in a block nearby Tenure Leasehold remainder of a 100 year term from 2017. Ground Rent 396 pa
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
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FAQ
About 31, Cramond Way, Cramlington
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