2-bedroom flat · NE29 6DP
For saleListed 259 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** CHAIN FREE ** TWO BEDROOM APARTMENT ** ** LOVELY RIVER VIEWS ** OPEN PLAN LIVING ROOM & KITCHEN ** COUNCIL TAX BAND B *** ** ALLOCATED PARKING BAY ** SECURE ENTRANCE WITH LIFT ACCESS TO ALL FLOORS ** ** ENERGY RATING B ** 125 YEAR LEASE FROM 01.01.2003 Communal Entrance - Communal entrance door opening into the communal hallway.
There is the option of a lift service or staircase to the third floor landing. Entrance And Hallway - Timber entrance door opening into the hallway. The hall provides access into all rooms.
Two cupboards, wall mounted heater. Open Plan Lounge - 18'11 x 14'0 - The lounge and the kitchen are open plan.
This room is nicely situated with wonderful views of the River Tyne, Ferry Landing and the Yachting Marina. Two Wall mounted heaters, double glazed window to the side and Juliette balcony.
Kitchen - 11'10 x 7'6 - The kitchen is fitted with a range of wall and base units with work surfaces and splash back tiling to walls.
Sink unit with tap and drainer board, built in hob, oven, extractor hood, wood effect laminate flooring.
Bedroom One - 11'11 x 9'9 - Double glazed window with views of the River Tyne, wall mounted heater. Bedroom Two - 9'10 x 9'9 - Double glazed window, wall mounted heater.
Bathroom - 9'6 x 4'0 - Bath with shower over, WC, wash hand basin, tiling to walls, wall mounted heater. External - There is a designated parking bay to the front of the building.
The images of the views which are being used for marketing, have been taken from outside the block rather than inside the apartment itself.
However, there are pleasant views of both the Yachting Marina and River Tyne visible from the lounge and the bedroom one.
Material Information - BROADBAND AND MOBILE: At the time of marketing we believe this information is correct, for further information please visit Various factors can affect coverage, such as being close to large trees or buildings when outdoors, or the thickness of walls if you’re inside a building.
This means there may be differences between the coverage prediction and your experience.
EE- Good outdoor, variable in-home O2-Good outdoor Three- Good outdoor, variable in-home Vodafone - Good outdoor, variable in-home We recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
FLOOD RISK: Yearly chance of flooding: Rivers and the sea: Very low. Surface water: Very low. CONSTRUCTION: Traditional This information must be confirmed via your surveyor and legal representative.
Leasehold - 125 years (less 3 days) from 1 January 2003. Ground rent is £100 per year. There is also a service charge which includes buildings insurance this is £1874 per year.
these must also be confirmed via your conveyancer.
Value & comps
No previous sales on record.
Returns
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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.
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About Commissioners Wharf, North Shields
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