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See how verdicts work4-bedroom flat · NE28 8HE
Sold STCListed 159 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** SPACIOUS FOUR BEDROOM MAISONETTE ** TWO BATHROOMS ** LOUNGE/DINING ROOM ** ** PRIVATE YARD TO REAR ** MODERN KITCHEN WITH INTEGRATED APPLIANCES ** ** WALLSEND METRO STATION LESS THAN 0.5 MILE ** CLOSE TO RICHARDSON DEES PARK ** ** WALKIING DISTANCE TO TOWN CENTRE ** FANTASTIC FIRST TIME BUY ** COUNCIL TAX BAND A ** ** 999 YEAR LEASE FROM 1986 - NO GROUND RENT ** ENERGY RATING D ** Entrance Hallway - Entrance door, tiling to floor, stairs leading to the first floor.
Landing - Stairs leading to second floor, radiator.
Lounge/Dining Room - 4.91 x 3.83 + 2.60 x 2.52 (16'1" x 12'6" + 8'6" x - Double glazed windows, coving and rose to ceiling, storage cupboard, radiator.
Kitchen - 3.10 x 2.51 (10'2" x 8'2") - Fitted with a range of wall and base units with contrasting work surfaces over and sink unit, integrated oven and hob with extractor hood over, integrated fridge/freezer and washing machine.
Double glazed window, door leading to the rear stairs. Bathroom - 1.95 x 1.54 (6'4" x 5'0") - Bath with shower head attachment, WC, part tiled walls and double glazed window.
Bedroom 1 - 3.85 x 3.81 + bay (12'7" x 12'5" + bay) - Double glazed bay window, coving and rose to ceiling, radiator. Bedroom 4 - 2.71 x 2.47 (8'10" x 8'1") - Double glazed window, radiator.
Second Floor Landing - Access to shower room and two further bedrooms. Bedroom 2 - 4.06 x 2.81 (13'3" x 9'2") - Double glazed window, radiator.
Bedroom 3 - 4.06 x 2.81 (13'3" x 9'2") - Double glazed window, radiator. Shower Room - 1.83 x 1.25 (6'0" x 4'1") - Shower cubicle, wash hand basin and WC, skylight window, radiator.
External - Externally there is a private yard to the rear. Lease Information - The property has a 999 year lease dated from 01/05/1986 with no ground rent payable.
Material Information - BROADBAND AND MOBILE: At the time of marketing we believe this information is correct, for further information please visit EE-Good outdoor and in-home O2-Good outdoor and in-home Three-UK-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.
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 Woodbine Avenue, Wallsend
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