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See how verdicts work1-bedroom flat · NE26 2BH
Sold STCReduced £21k (−9.5%) on 25 OctListed 100 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to purchase a DECEPTIVELY SPACIOUS, OLDER STYLE GROUND FLOOR MAISONETTE, situated in this highly favoured location just off the seafront, close to Whitley Bay town centre, the Metro and all other amenities.
This property, priced to allow for some minor refurbishment, is OFFERED WITH NO UPWARD CHAIN and provides deceptively spacious accommodation.
The mains features include a large main lounge, spacious kitchen and one/two good size bedrooms. The cellar, a tremendous space, is oozing potential.
The property enjoys a beautiful and well stocked mature front garden with paved area, creating a fabulous southerly facing entertaining space.
This property, must be seen to be appreciated, is oozing potential and is fabulous value for money, particularly for anybody wishing to stamp their own tase on the kitchen and bathroom fittings.
First to see will buy. Communal Entrance Lobby Inner Hallway Entrance Hall A good size entrance hallway with radiator.
Lounge 5.9m x 4.95m Large walk-in double glazed bay window, feature fireplace, TV point, cornicing.
Breakfasting Kitchen 3.96m x 3.68m Wall and floor units, granite style worktops, stainless steel sink unit, built in oven, hob and extractor, plumbing for washing machine and tumble dryer, double glazed window and double glazed door to rear.
Bedroom One 4.37m x 4.22m Double glazed window, cornicing.
Bathroom/WC 3.6m x 2.16m White low level WC, pedestal wash hand basin, panelled bath, shower, splash tiling, double glazed window.
Stairs down to : Large Family Room/Possible Bedroom Two 6.02m x 3.89m Upvc double glazed window, radiator.
External Shared yard space to rear and beautiful well stocked garden to front with paved paths, mature borders and entertaining space.
Lease Information We understand the following applies Leasehold: TBC All prospective purchasers will need to verify this information with their legal advisor.
Council Tax North Tyneside Council Tax Band A 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
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 Edwards Road, Whitley Bay, Tyne and Wear, NE26
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