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See how verdicts work2-bedroom flat · NE28 7SN
For saleReduced £9.9k (−10%) on 15 OctListed 41 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Bowson are delighted to welcome to the sales market this beautifully presented two-bedroom first-floor flat, occupying a prime NE28 location and offering a garage and west-facing rear garden.
Ready to move straight into, this spacious home offers excellent accommodation and would make an ideal first-time purchase.
The entrance hallway leads to the first floor, where a striking bay window brings plenty of natural light onto the landing.
The kitchen is fitted with a range of units, grey worktops and white tiled splashbacks, with space for standalone appliances and plumbing for a washing machine.
Doors also provide access to the rear stairs and garden.
The spacious bathroom is fully tiled and features a good-sized bath with electric shower over, stylish vanity unit and useful fitted storage, with a further bay window creating a bright and airy feel.
There are two comfortable double bedrooms, with the principal bedroom benefiting from excellent built-in storage housing the Worcester boiler.
The lounge is a real highlight, featuring attractive made-to-measure fitted units, an electric feature fire with marble-effect surround and a characterful bay window, creating an inviting space to relax and entertain.
Externally, the property enjoys a west-facing rear garden and garage, providing a fantastic combination of outdoor space and secure storage.
The location is another major attraction, tucked just off the main High Street and positioned directly behind Hadrian Leisure.
A superb range of shops, amenities and leisure facilities are within easy reach, while excellent bus routes provide convenient connections across Wallsend, Newcastle and surrounding areas.
A fantastic opportunity to acquire a beautifully presented two-bedroom flat in a highly convenient NE28 location, complete with garage, west-facing garden and an exceptionally long lease.
Early viewing is highly recommended.
Lease Information – advised by the vendor: Lease Start Date: 7 February 1986 Original Lease Term: 999 years Lease Expiry: 7 February 2985 Term Remaining: Approximately 958 years Ground Rent: One peppercorn per annum EPC - C Council Tax - A
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
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FAQ
About 53, Dene Crescent, Wallsend
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