2-bedroom flat · NE29 7QZ
For saleListed 88 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Offered to the market with the added benefit of no onward chain, this well-proportioned two-bedroom upper flat presents an excellent opportunity for first-time buyers, investors, or those looking to downsize.
Ideally situated on the popular Richmond Grove, North Shields, the property enjoys excellent transport links and is conveniently located close to a wide range of local amenities, including shops, schools, and leisure facilities.
Internally, the accommodation is accessed via a private entrance with stairs leading to the first-floor hallway.
The property boasts a spacious and bright living room which flows through to the kitchen, creating a practical and welcoming layout.
There are two generous double bedrooms, both offering ample space for furnishings, along with a well-appointed family bathroom.
Conveniently positioned for easy access to North Shields town centre, the Coast Road, the A19, and nearby Metro stations, this fantastic property combines comfortable living with an excellent location.
Early viewing is highly recommended to fully appreciate the accommodation and potential on offer. Council Tax Band: A Tenure: Leasehold Length of Lease: 996
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 7, Richmond Grove, North Shields
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