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See how verdicts work2-bedroom flat · NE41 8JG
Listing removedListed 237 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This beautiful third floor apartment benefits from a sunny aspect overlooking the communal gardens, a lift giving access to the apartment and no onward chain.
There is a hallway leading to the generous dining kitchen with through doors to the lounge, a bathroom, master bedroom with en suite shower room and a second bedroom.
The development is accessed via secure call point gates and externally there is allocated parking and access to 23 acres of communal grounds and mature gardens.
To the rear of the development is a private secure gate providing access to the railway station platform and Wylam village.
Wylam has an excellent range of shops, amenities, restaurants, river walks and a cycle route to Newcastle along the river.
ENTRANCE HALL: Useful and versatile hallway giving access to the other rooms of the apartment.
DINING KITCHEN 13'1 x 9'11 Fully fitted kitchen with floor and wall units, cooker and hob with extractor fan over and linoleum flooring.
LOUNGE: 16'5 x 14'9 Generous lounge with gable window overlooking the communal gardens and allowing plenty of light into the space. Carpeted flooring, radiator and fireplace.
FAMILY BATHROOM 6'6 x 5'5 Bathroom with part tiled walls, low level WC, wash basin and bath with handheld shower attachment.
BEDROOM ONE 14'5 x 9'11 Bedroom with carpeted flooring, radiator, window and access to the en suite. EN SUITE 7'2 x 5'5 En suite with part tiled walls, low level WC, wash basin and shower cubicle.
BEDROOM TWO 9'11 x 6'11 Carpeted bedroom with windows overlooking the gardens and velux window.
PRIMARY SERVICES SUPPLY Electricity: MAINS Water: MAINS Sewerage: MAINS Heating: MAINS GAS Broadband: CABLE Mobile Signal Coverage Blackspot: No Parking: ALLOCATED PARKING MINING The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.
Confirmation should be sought from a conveyancer as to its effect on the property, if any. RESTRICTIONS AND RIGHTS Listed? NO Conservation Area? YES Restrictions on property?
NO PETS Easements, servitudes or wayleaves? NO Public rights of way through the property?
NO - COMMUNAL AREAS RISKS Flooding in last 5 years: NO Risk of Flooding: ZONE 1 Any flood defenses at the property: NO Coastal Erosion Risk: LOW Known safety risks at property: NO BUILDING WORKS Any known planning permissions or proposals in the immediate locality: NO Outstanding building works at the property: NO ACCESSIBILITY This property has lift access to the apartment.
TENURE Leasehold. It is understood that this property is leasehold.
Should you decide to proceed with the purchase of this property, the Tenure and associated details and costs must be verified by your Legal Advisor before you expend costs.
Length of Lease: 999 years from 1st January 2000 Ground Rent: Included in service charge Service Charge: £2551 per annum COUNCIL TAX BAND: C EPC RATING: D
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 Castle Hill House, Wylam
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