2-bedroom flat · NE28 6JY
Sold STCListed 112 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
• CHAIN FREE • TWO BEDROOM FIRST FLOOR FLAT • WELL POSITIONED FOR LOCAL AMENITIES • • HADRIAN ROAD METRO STATION 0.5 MILE • ROAD LINKS TO THE A19, TYNE TUNNEL & A1058 • • IDEAL FIRST TIME BUY • ST PETERS PRIMARY SCHOOL 0.5 MILE • COUNCIL TAX BAND A • • BUS SERVICES TO NEWCASTLE CITY CENTRE & THE COAST • ENERGY RATING D • Entrance Lobby - Double glazed entrance door, stairs to the first floor accommodation.
Landing - Access to bedrooms, bathroom and lounge. Lounge - 3.77 x 3.63 (12'4" x 11'10") - Double glazed windows, radiatoros.
Kitchen - 3.85 x 2.03 (12'7" x 6'7") - Wall and base units with work surfaces over and sink unit, integrated oven and hob, cupboard housing the boiler, double glazed windows, radiator.
Bedroom 1 - 3.50 x 3.39 (11'5" x 11'1") - Double glazed window, radiator. Bedroom 2 - 2.74 x 2.45 (8'11" x 8'0") - Double glazed window, radiator.
Bathroom - 2.67 x 2.44 (8'9" x 8'0") - Comprising; bath, WC and wash hand basin, double glazed window, radiator. Tenure - The property is currently freehold, a lease will need to be created.
Material Information - BROADBAND AND MOBILE: At the time of marketing we believe this information is correct, for further information please visit EE-Good outdoor, variable in-home O2-Good outdoor and in-home Three-UK-Good outdoor 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.
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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