2-bedroom flat · NE38 0HZ
For saleListed 249 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Swift Moves AWARD WINNING Estate Agents offer for sale this purpose built two-bedroom first floor apartment with spacious accommodation throughout.
The property comes with a designated parking bay and its own private balcony.
Available now with NO ONWARD CHAIN the well-presented accommodation benefits from an attractive modern kitchen and a gas combi boiler.
The full layout comprises communal entrance with telephone entry system and stairs to first floor, lounge with access to balcony area which overlooks the courtyard, breakfast kitchen fitted with an attractive range of matching base and wall cupboards, contrasting work surfaces, sink unit and a stainless steel Smeg oven and hob.
Bedroom one is a good size double bedroom with fitted wardrobes, and the second L-shaped bedroom is a good size single.
Outside, there are numbered bays in the courtyard and a private bay provides off road parking.In a great, central location within walking distance to a range of shops and amenities at The Galleries.
Washington highway provides quick access links to the A1 for those needing to commute to surrounding areas. There is a choice of good local primary schools and parks nearby.
Washington Leisure centre with gym and swimming pool is also just a 10-minute walk away.
ENTRANCE LOBBY INNER HALLWAY LOUNGE 15' 7'' x 10' 8'' (4.75m x 3.25m) BREAKFASTING KITCHEN 8' 8'' x 7' 8'' (2.64m x 2.34m) BEDROOM 1 15' 7'' x 10' 8'' (4.75m x 3.25m) BEDROOM 2 10' 10'' x 9' 11'' (3.30m x 3.02m) BATHROOM
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 Lumley Close, Oxclose, Washington
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