1-bedroom flat · NE30 4PA
For saleListed 167 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the third floor of Bede Court - just a short walk from Cullercoats Bay, a one bedroom flat available with NO ONWARD CHAIN.
This McCarthy & Stone development is available to the over 60's with secure intercom and key fob entry to the building.
The property briefly comprises; communal entrance hall with lift and stairs to all floors. Hallway, spacious lounge, kitchen, bedroom and shower room/WC. Double glazing and electric heating.
With views over the communal gardens to the rear. Also benefitting from many communal facilities and activities. To arrange a viewing call COOKE & CO. Energy rating C.
Ground Floor Security entry door to.... Communal Entrance Hall Communal hallway and access to the communal lounge and laundry room. Lift or stairs to the third floor.
Third Floor Private Hallway Doors lead to the lounge, bedroom and shower room/WC. Built in cupboards, storage heater. Panic alarm fitted to wall.
Lounge 4.4m x 3.58m Double glazed window to the rear with views over the communal gardens, door to the kitchen, storage heater and panic alarm fitted to wall.
Kitchen 2.67m x 2.41m Fitted with a range of wall and base units, sink unit, integrated electric oven and hob with extractor hood above, space for a fridge and a freezer, tiled splashback, double glazed window to the rear.
Bedroom 5.4m x 2.72m A good size bedroom with two fitted wardrobes, double glazed window to the rear, storage heater.
Additional Bedroom Photo Shower Room/WC 2.41m x 1.52m Fitted with a shower cubicle, low level WC and wash basin, heated towel rail, tiled walls and extractor fan.
Communal Lounge With kitchen area. Additional Communal Lounge Photo External There is car parking available to residents at the front and delightful communal gardens to the rear.
Bede Court development A perfect blend of independent living and yet within a development that benefits from: - Accommodation for over 60s - Housing Manager - 24 hour Emergency Call Service - Stair/Lift access to Upper Floors - Communal Lounge with Kitchen - Laundry Facilities - Internal Refuse Room - Guest suite (available for visiting family/friends) - Communal maintained gardens - Car parking - Weekly Social activities Council Tax North Tyneside Council Tax Band B Lease & Maintenance Charges We understand the following applies Leasehold: 125 years from 1997 Ground Rent: £520 per annum (£260 payable twice per year) Service Charge: £3,072 (approx £256 per month) All prospective purchasers will need to verify this information with their legal advisor.
Mortgage Advice A comprehensive mortgage planning service is available via Darren Smith of NMS Financial Limited. For a free initial consultation contact Darren on .
**Your home may be repossessed if you do not keep up repayments on your mortgage** Location Map Energy Performance Certificate EPC Rating C
Value & comps
No previous sales on record.
Returns
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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.
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About Bede Court, Cullercoats, NE30
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