1-bedroom flat · NE28 7RZ
Listing removedListed 148 days
Opportunity summary
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About
** ONE BEDROOM FIRST FLOOR FLAT ** NEWLY DECORATED & READY TO MOVE INTO ** ** WALKING DISTANCE TO SHOPS, BUS SERVICES & METRO STATION ** CHAIN FREE ** ** PRIVATE SOUTH FACING YARD TO REAR ** FANTASTIIC FIRST BUY ** COUNCIL TAX BAND A ** ** 999 YEAR LEASE FROM 01/01/2012 WITH NO GROUND RENT ** ENERGY RATING C ** Entrance - Double glazed entrance door, stairs to the first floor accommodation.
Lounge - 4.87 max x 3.57 (15'11" max x 11'8") - Double glazed door leading to the rear stairs, radiator.
Kitchen - 2.58 x 1.95 (8'5" x 6'4") - Fitted with wall and base units with work surfaces over and sink unit, integrated oven and hob, double glazed window.
Bathroom - 1.94 x 1.49 (6'4" x 4'10") - Bath with shower over, WC and wash hand basin, double glazed window and radiator.
Bedroom - 4.47 x 3.78 min (14'7" x 12'4" min) - Double glazed window, cupboard to alcove, radiator. External - Externally there is a private yard to the rear.
Lease Information - The property has a 999 year lease dated from 01/01/2012 with no ground rent payable.
Material Information - BROADBAND AND MOBILE: At the time of marketing we believe this information is correct, for further information please visit EE-Good outdoor and in-home O2-Good outdoor Three-UK-Good outdoor and in-home Vodafone-Good outdoor We recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
FLOOD RISK: Yearly chance of flooding: Surface water: Very low. Rivers and the sea: Very low. CONSTRUCTION: Traditional This information must be confirmed via your surveyor and legal representative.
Value & comps
No previous sales on record.
Returns
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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
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