2-bedroom flat · NE37 1BG
Sold STCListed 276 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Safe and Secure are delighted to welcome to the market this IMMACULATE Two Bedroom Upper Flat with EXTENDED LEASE in Burnway, Albany.
This MUCH IMPROVED, MODERN home benefits from gas central heating, double glazing and single garage in nearby block.
Ideally positioned for access to local amenities and facilities such as the Galleries shopping centre and other food stores within close proximity.
There is also a range of local schools with commuting links accessed via the A1 and the A19. Early viewing is essential to appreciate the standard of accommodation on offer.
ENTRANCE HALL Double glazed entrance door, staircase to the first floor, built-in storage cupboard.
FIRST FLOOR LANDING Doors leading to: LOUNGE 11' 2" x 15' 4" (3.42m x 4.69m) Double glazed window to the front, built-in storage cupboard, radiator.
KITCHEN 8' 7" x 6' 4" (2.63m x 1.95m) Fitted wall and base units with work surfaces, single drainer sink, integrated electric oven and hob with an extractor hood, space for a washing machine and other appliances, tiled flooring, double glazed window to the rear.
BEDROOM ONE 12' 7" x 8' 9" (3.84m x 2.67m) Double glazed window to the front, fitted wardrobes with mirror front sliding doors, radiator.
BEDROOM TWO 10' 3" x 8' 11" (3.13m x 2.72m) Double glazed window to the rear, fitted wardrobes with mirror front sliding doors, radiator.
BATHROOM White three piece suite comprising of a panelled bath with a shower over, pedestal wash hand basin, low level WC, tiled flooring, double glazed window to the rear.
FRONT GARDEN Laid mainly to lawn. GARAGE Separate block.
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 Burnway, Albany, Washington
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