1-bedroom flat · NE9 7RH
Sold STCListed 136 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Perfect Location!
This impressive one bedroom ground floor flat located in the highly popular area of Ferndale Terrace, Springwell Village, is welcomed to the sales market by Jill Moore Sales & Lettings.
Benefitting from a range of amenities on the doorstep, modern finishes throughout and a shared rear yard, this property makes the perfect first time buy or investment opportunity!
Viewings are a must to appreciate the size of the property. Entrance Hall Enter through UPVC double glazed door into a light and airy hallway with neutral walls and floors.
Lounge The good-sized lounge space offers ample natural light from the large double glazed windows and features neutral walls, carpet flooring, fireplace feature and radiator.
Kitchen The spacious kitchen is complete with neutral base and wall units providing plenty storage and housing integrated oven and hob.
Neutral walls, radiator, sink with mixer tap also feature. Double glazed window looks out into the rear garden.
Bedroom The generously sized double bedroom is flooded with natural light from the large double glazed window and offers neutral walls, carpet flooring and radiator.
Bathroom The family bathroom features neutral tiled walls, shower over bath, hand wash basin, w/c, towel rail/radiator and double glazed window.
External To the rear, a shared paved yard.
Location Springwell Village a quiet, historic and highly desirable area, with great commuting links via the bus link running through the Village and the near by A1 and A19 motorways.
Local amenities include a barbershop, community centre and restaurants, bars and pubs.
There are woodlands walks from the doorstep, and a well-renowned primary school with great links to other near by secondary schools.
Disclaimer DISCLAIMER Your home is at risk if you do not keep up repayments on your mortgage or other loans secured on it.
MORTGAGE ADVICE It is now a legal requirement under the Estate Agents Act 1991, to establish what mortgage, if any, is required and to confirm the applicants ability to obtain this finance.
If you need any help or advice over obtaining a mortgage, our mortgage department will be pleased to help and advise you on all Building Society or Bank mortgages without obligation.
This service is available even if you are not buying via ourselves. Written quotations available on request. There is no charge for this service.
PLEASE NOTE Please note that all sizes have been measured with an electronic measuring tape and are approximations only.
Under the terms of the property miss-descriptions act we are obliged to point out that none of the services described in these particulars have been tested by ourselves.
We present these details of the property in good faith and they (truncated) Property Information Leasehold
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 Ferndale Terrace, Springwell, Gateshead, Tyne and Wear, NE9
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