2-bedroom flat · DH5 8GY
For saleListed 178 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Discover the charm of Cherry Tree Gardens, Houghton le Spring with this exceptional over 55’s 2-bedroom apartment that is now available for sale.
Perfectly situated within a desirable complex, this property offers modern living spaces ideal for older individuals or couples looking to downsize.
With its superb location and key features, this apartment is not to be missed. Upon entering the apartment, you are greeted with a sense of warmth and style.
The spacious hallway is perfect for welcoming guests and leads to all main rooms. The property benefits from a generous living room which is open to the fitted kitchen.
Two generously sized double bedrooms complete the accommodation. The master bedroom comes with fitted wardrobes, providing both style and practicality as well as ‘Jack & Jill’ access to the wet room.
Situated on the top floor, this apartment benefits from lift access, making it easily accessible for all.
The convenience of this feature cannot be overstated, especially for those with mobility concerns.
Whether you are carrying groceries or need to transport heavy items, this practicality is of great benefit.
The communal gardens and facilities found within this development are the perfect place to unwind and enjoy outdoor activities.
Spend quality time with family and friends, go for a leisurely stroll, or simply sit back and relax in the peaceful surroundings.
The complex benefits a salon, bistro diner, laundry room (which is included in with the service charge) amongst other benefits.
Additional features of this stunning property include no onward chain, ideal for those looking to move quickly.
The 50% ownership option allows for partial ownership with the other 50% subject to a monthly rental payment.
Ideally located, Cherry Tree Gardens offers easy access to a range of amenities, including local shops, restaurants, and excellent transport links.
Houghton le Spring offers a vibrant community and a sense of belonging, creating the perfect backdrop for your new home. Book your viewing today and make this exceptional apartment your own.
Entrance Hall Living Room (3.50m x 4.80m) Kitchen (2.40m x 2.90m) Bedroom 1 (3.20m x 4.80m) Bedroom 2 (2.40m x 3.60m) Wet Room (1.90m x 2.40m) MATERIAL INFORMATION The following information should be read and considered by any potential buyers prior to making a transactional decision: LEASEHOLD INFO We are informed that upon purchase that the lease is renewed for 125 years and the payments relating to this apartment are as follows; Ground Rent - £115 approx per annum, Service charge - £358.62 per month, 50% rental payment is £113.36 per month.
SERVICES We are advised by the seller that the property has mains provided gas, electricity, water and drainage.
WATER METER - Yes PARKING ARRANGEMENTS - Street Parking / Complex Public Car Park BROADBAND SPEED The maximum speed for broadband in this area is shown by imputing the postcode at the following link here > ELECTRIC CAR CHARGER - No MOBILE PHONE SIGNAL No known issues at the property.
NORTHEAST OF ENGLAND - EX MINING AREA We operate in an ex-mining area. This property may have been built on or near an ex-mining site.
Further information can/will be clarified by the solicitors prior to completion.
The information above has been provided by the seller and has not yet been verified at the point of producing this material.
There may be more information related to the sale of this property that can be made available to any potential buyer.
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
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FAQ
About Cherry Tree Gardens, Orchard Place, Houghton le Spring, Tyne and Wear, DH5 8GY
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