Terraced house · NE30 2RJ
For saleListed 263 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
MAIN DESCRIPTION BUSINESS OPPORTUNITY This ground floor commercial property with TENANTS IN SITU comprises of a main shop area with rear office and W.C.
Located on Albion Road and within walking distance of North Shields Metro Station with excellent passing trade.
Main Shop - 15' 6" x 15' 8" (4.726m x 4.790m) Spacious room which is suitable for a variety of different uses. As the property is located on a corner plot, windows provide ample display areas.
Rear Office - 10' 5" x 8' 3" (3.182m x 2.530m) With window and electric storage heater. W/C - 6' 5" x 4' 11" (1.981m x 1.507m) - With W.C. and hand basin.
UPPER FLAT Located above the business premises and sold with TENANT IN SITU.
Warmed by electric wall heaters and briefly comprising Entrance lobby 10' 1" x 3' 0" (3.086m x 0.915m) with stairs up to the first floor landing which allows access into a good size living room 16' 9" x 16' 4" (5.127m x 5.00m) with dual aspect windows, kitchen 16' 9" x 16' 4" (5.127m x 5.00m) with fitted units and external door to the rear of the property, bathroom 7' 9" x 6' 5" (2.378m x 1.976m) and double bedroom 16' 10" x 8' 8" (5.133m x 2.658m).
Shared rear yard. END TERRACED HOUSE ON UPPER NORFOLK STREET Spacious two bedroom end terraced house sold with TENANTS IN SITU and located on a good size corner plot.
The property is warmed by central heating and benefits from double glazing.
Comprising entrance hallway 16' 10" x 8' 8" 3' 6" (5.133m x 2.658m x 1.071m), living room 17' 4" x 14' 8" (5.293m x 4.472m) and good size fitted kitchen / diner 14' 3" x 11' 1" (4.355m x 3.401m) with plumbing for a washing machine and external door to the rear of the property.
Stairs lead up to the first floor landing 13' 3" x 9' 8" (4.056m x 2.957m) with doors allowing access into two well proportioned bedrooms and a family bathroom 7' 3" x 6' 7" (2.212m x 2.011m).
Externally there is a good size shared rear yard.
Value & comps
No previous sales on record.
Returns
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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 Albion Road, North Shields, Tyne & Wear, NE30
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