2-bedroom terraced house · NE28 7EN
Sold STCListed 83 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
• FANTASTIC FIRST TIME BUY • TWO BEDROOM END TERRACE HOUSE • CUL-DE-SAC LOCATION • • CLOSE TO THE CONSERVATION AREA THE GREEN & RICHARDSON DEES PARK • DOWNSTAIRS WC • • MODERN BATHROOM • GARDENS FRONT & REAR • WALKING DISTANCE TO TOWN CENTRE • • NEARBY BUS SERVICES & METRO STATION • GARDENS FRONT & REAR • CHAIN FREE • • ALLOCATED PARKING BAY • FREEHOLD • ENERGY RATING TBC • COUNCIL TAX BAND B • Entrance Lobby - Double glazed entrance door, laminate flooring, radiator.
Wc - 1.87 x 0.87 (6'1" x 2'10") - WC, wash hand basin, radiator and paneling to walls.
Kitchen - 2.67 x 1.88 (8'9" x 6'2") - Fitted with wall and base units with work surfaces over and sink unit, integrated oven and hob with extractor hood over, double glazed window, tiling to walls and laminate flooring.
Lounge - 4.38 min x 3.83 (14'4" min x 12'6") - Double glazed windows, stairs to the first floor landing, radiators and double glazed French doors leading out to the rear garden.
Landing - Access to bedrooms and shower room.
Bedroom 1 - 3.83 into robe x 2.49 (12'6" into robe x 8'2") - Double glazed windows, built-in sliding door wardrobes, fitted cupboards and drawers, radiator.
Bedroom 2 - 3.88 into robe x 2.41 (12'8" into robe x 7'10") - Double glazed windows, built-in sliding door wardrobes, storage cupboard, radiator.
Shower Room - 2.06 x 1.87 (6'9" x 6'1") - Comprising shower cubicle, WC and wash hand basin with built-under storage, double glazed window, panelling to walls and ladder style radiator.
External - Externally there is a small garden area to the front which is gravelled and gated. The rear garden is also gravelled for low maintenance.
There is also an allocated parking bay directly in front of the property.
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, variable in-home Three-UK-Good outdoor and in-home Vodafone-Good outdoor, variable 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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