2-bedroom flat · NE28 8RJ
Sold STCListed 66 days
Opportunity summary
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About
TWO DOUBLE BEDROOMS • PRIVATE GARDEN WITH SUMERHOUSE • GREAT FIRST TIME BUY WALKING DISTANCE TO METRO STATION, TRANSPORT LINKS, LOCAL AMENITIES AND SHOOLS WITHIN WALKING DISTANCE TO RICHARDSON DEES PARK • COUNCIL TAX BAND A ENERGY RATING C • LEASEHOLD 125 Year Lease from 28/09/1992 Entrance Hall - 3.55 x 1.74 max (11'7" x 5'8" max) - Composite door opening into entrance hall, stairs to first floor landing and access to rear lobby.
Radiator. Rear Lobby - Storage cupboard and access to rear garden. Landing - Access to all rooms and loft.
Lounge - 4.55 x 3.94 (14'11" x 12'11") - Double glazed window, radiator, wood effect flooring, feature fireplace.
Kitchen - 2.60 x 2.53 (8'6" x 8'3") - Double glazed window, wood effect flooring, fitted with range of wall and floor units, boiler, space for cooker, sink unit and plumbed for washing machine.
Shower Room - 2.08 x 1.65 (6'9" x 5'4" ) - Corner shower cubicle, WC, wash hand basin set in vanity unit, plastic cladding to walls, ladder style radiator and laminate flooring.
Bedroom 1 - 4.04 x 3.50 (13'3" x 11'5" ) - Double glazed window, radiator, storage cupboard and laminate flooring.
Bedroom 2 - 4.25 x 2.63 (13'11" x 8'7" ) - Double glazed window, laminate flooring and radiator.
External - To the front there is a small low maintenance garden and to the rear there is a private garden with artifical turf and summerhouse.
Material Information - BROADBAND AND MOBILE: At the time of marketing we believe this information is correct, for further information please visit Various factors can affect coverage, such as being close to large trees or buildings when outdoors, or the thickness of walls if you’re inside a building.
This means there may be differences between the coverage prediction and your experience.
EE-Good outdoor and in-home O2 - Good outdoor and in-home Three-Good outdoor and in-home Vodafone - Good outdoor and in-home We recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
FLOOD RISK: Yearly chance of flooding: Surface water: Very low. Rivers and the sea: Very low. CONSTRUCTION: Traditional This information must be confirmed via your surveyor and legal representative.
Leasehold - LEASEHOLD 125 Year Lease from 28/09/1992 We have been advised that Ground Rent is £10 per annum, Insurance £218.83 oper annum and Management Fee £92.00 per annum.
This information must be confirmed via your legal represenative.
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.
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About North Road, Wallsend
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