2-bedroom flat · NE23 3JE
Listing removedListed 96 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in Shankhouse, Cramlington, this well presented two bedroom first floor flat offers comfortable accommodation, making it an excellent choice for professionals, couples or small families.
The property is conveniently located close to local amenities, transport links and schools, with easy access to Cramlington Town Centre and the surrounding areas.
The accommodation briefly comprises an inviting entrance leading to a bright and generously sized living room, providing plenty of space for both relaxing and dining.
Large windows allow an abundance of natural light to flow through the room, creating a welcoming atmosphere.
The fitted kitchen is fully prepared and offers a range of wall and base units with ample worktop space, along with integrated cooking facilities and space for additional appliances.
Practical and well laid out, it is ideal for everyday living.
There are two well proportioned bedrooms, with the principal bedroom offering generous space for bedroom furniture and the second bedroom providing flexibility as a guest room, nursery or home office.
The family bathroom is finished in a modern style and comprises a panelled bath with shower over, wash hand basin and WC.
Externally, the property benefits from a private rear yard, offering a useful outdoor space, while on street parking is available to the front of the property for added convenience.
Offering well presented accommodation in a convenient location, this attractive home is ready to move into and is sure to appeal to a range of tenants. Early viewing is highly recommended.
Material information Broadband Estimated Speed/Availability Standard 6 Mbps Superfast 66 Mbps Ultrafast 1800 Mbps Network coverage is offered by: Openreach, Virgin Media Mobile Coverage is offered by: Limited - Three: 76% Vodafone: 77% EE: 83% O2: 82% Utilities and Services Electricity: Mains Water: Mains Sewerage: Mains Flood Risk River and Sea: Very Low Surface Water: Very Low Other Flood Risk: Unlikely The risk indicators mentioned are sourced from the website.
It is advisable to confirm this with a legal representative. For further details, please refer to the government website.
Planning/Development: We have been informed by the landlord that they are not aware of any planning or development plans at this property or in the surrounding areas.
The landlord may not have complete awareness of all planning and development applications in the nearby areas.
Important Note to Potential Purchasers & Tenants: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. GOS260149/8
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About `, 26, Hastings Terrace, Cramlington
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