2-bedroom flat · NE33 3LD
For saleReduced £2.5k (−3.5%) on 27 JunListed 183 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Well situated for access to the town centre and all the amenities, a neutrally presented First Floor Flat offered as a blank canvas, ready to occupy and ideal for the first Time Buyer or Buy to Let Investor.
The home comes with white decor and grey carpets, has re skimmed walls, a kitchen open plan from the lounge and a modern white bathroom with electric shower over the bath.
There are two bedrooms, gas central heating, double glazing and a separate rear yard. Viewing a must.
Entrance Hall Via PVCu front door with stairs to the first floor landing with radiator Living Room (4.55 x 3.86 max (14'11" x 12'7" max)) Radiator and open plan to the kitchen area Kitchen (2.67 x 1.75 (8'9" x 5'8")) Fitted with wall, base units and work surfaces housing a sink unit, tiled splash backs, space for appliances and a breakfast bar area.
Rear Lobby With stairs down to the rear yard, radiator Bedroom 1 (4.11 x 3.80 (13'5" x 12'5")) Bay window and radiator Bedroom 2 (2.13 x 2.10) Radiator Bathroom (2.53 x 1.71 (8'3" x 5'7")) A modern white suite with contrast clad splash back comprising a bath with electric shower over, wash basin and WC, radiator External Separate rear yard with fenced boundary.
Note Leasehold Title 97 years remain. Ground Rent £10 pa. Maintenance Charge payable to stmbc to cover buildings insurance and external building repair of approximately £300 per annum.
Council Tax Band A. Mains Services Connected, Flood Risk Very Low. Broadband Basic 17 Mbps, Superfast 62 Mbps, Ultrafast 1000 Mbps. Satellite/Fibre TV Availability BT, Sky and Virgin.
Mobile Coverage O2, Three and Vodafone likely, 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
Agent & docs
FAQ
About 3, Handel Street, South Shields
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