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See how verdicts work2-bedroom flat · NE33 1JA
For saleListed 796 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A unique opportunity to acquire a once in a lifetime proposition being No 55 Long Row at the prestigious South Quays Development on the banks of the River Tyne.
One of the superb sumptuous top floor Penthouse Apartments of around 1140 sqft offers unrivaled panoramic views across the river and North Shields Smiths Docks from the outdoor roof terrace with South and West Aspect.
The internal fit and finish is of a high quality with this versatile space having a fabulous open plan lounge dining and kitchen area with access to the roof terrace, two bedrooms, two en suites, two fitted walk in wardrobes, separate cloaks Wc and a utility laundry cupboard.
The home comes with two parking spaces in a secure curtilage with electric gates.
The building, originally built in 2008 and inspired by historical Victorian dock houses has become the place to be for loft style riverside living with unrivaled floor areas.
An iconic riverside development, a superb contemporary luxury apartment, viewing a must.
Communal Entrance Hall A communal entrance hall via an entry buzzer system, there are postboxes, stairs and lifts to all floors.
One of the lifts exits at the front door to No 55 Private Entrance Hall A lovely large hall with Amtico flooring which extends through double doors to the living, dinng kitchen area.
The hall has a built in cupboard and a double built in laundry cupboard, plumbed for appliances.
The hall has loft access, spot lights and an anthracite column radiator Cloaks Wc A fully tiled cloakroom with walls and floor tiled.
There's a WC and vanity wash basin in a vanity unit, spot lights and a towel radiator Living Dining Kitchen A superb open plan space with windows and views North, South and West.
There is a media wall with electric contemporary fire, ample spot lights and French doors to the terrace.
The kitchen has a moulded corian style dining/breakfasting table integrated to the kitchen units which also have a breakfast bar area.
Housed in this super modern kitchen is an under bench sink unit, Quooker boiler tap, full size larder fridge and a freezer, dishwasher, oven and microwave, induction hob with in bench extraction, ample spot lghts and two anthracite column radiators Roof Terrace The roof terrace comes with a seated balcony bar with glazed upstand, tiled floor and an outside tap.
Access is from the lounge area or main bedroom Bedroom 1 French doors give access to the roof terrace.
There's a fitted headboard and bedisde tables to match, a large walk in wardrobe which is fully fitted and comes with a dressing table, spot lights and an anthracite columns radiator.
A door gives access to the en suite En Suite Large shower enclosure with the mixer shower having both drencher and hair washing shower heads, wash basin and WC, tiled walls and floor, spot lights and a towel radiator Bedroom 2 Fitted dresser unit, spot lghts and a large walk in wardrobe fitted with wardrobe and storage space, anthracite radiator and door to the en suite En Suite A full bathroom en suite with a bath having a mixer shower over and a shower screen, vanity unit with a wash basin, WC, velux window, tiled walls and floor, spot lights and a towel radiator External Enclosed behind railings and electric gates, the block paved car parking area has two allocated bays for this apartment.
There is an external bin store and service cupboards inside the building. Note Long Leasehold Title 999 years from January 2017. Peppercorn Ground Rent.
A maintenance charge is payable for the upkeep of all communal areas and includes the buildings insurance. Currently around £1920 per annum. Council Tax Band E, Flood Risk none.
Broadband Basic 15 Mbps, Superfast 64 Mbps, Ultrafast 1000 Mbps. Satellite / Fibre TV Availability BT, Sky and Virgin. Mobile Coverage O2 and Vodafone likely, Three and EE limited.
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 South Quays, 55, Long Row, South Shields
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