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See how verdicts work2-bedroom flat · ST5 3SJ
Listing removedListed 292 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold A very well presented and purpose-built shared ownership retirement apartment, creating a pleasant small community suited for purchases of 55 years of age.
The apartment has been refurbished by its current owner occupier to include a stylish refitted shower room with large walk-in shower and a modern fitted kitchen with integrated appliances.
The apartment also enjoys pleasant far reaching townscape views over the communal gardens and local school playing field adjacent from the majority of rooms.
Accommodation within : – Ground floor private entrance lobby with staircase to the first floor corridor landing/hallway which has replacement modern internal doors to rooms and linen cupboard.
Large separate and useful walk-in store cupboard with window. Main bedroom with a range of fitted furniture and corner bay window enjoying views over the adjoining playing field and townscape beyond.
A second bedroom also enjoys similar views. There is a modern refitted shower room with large, tiled walk-in shower having mains multi jet spa shower and combined unit WC/wash basin.
The living room also has a large picture window enjoying further views.
The kitchen is accessed from the living room which has also been re-fitted with a full range of base/wall units and work surfaces with small breakfast bar area and integrated sink.
Integrated appliances comprise fitted electric fan assisted oven with further microwave oven above, integrated upright fridge freezer, gas hob, plumbing for washing machine and further larder cupboard housing a replacement central heating boiler.
Externally there are well maintained and attractive communal gardens and parking.
The current owner is already acquiring an alternative property and therefore the flat is to be sold with no further upward sales chain.
Agent note: – the purchase price represents 70% ownership, with the remaining 30% ownership belonging to Sanctuary Housing Association. Purchases must be of the age of 55 years and over.
Tenure:-leasehold Term of lease: – 125 years from 01/01/1989 Service charge: – currently £77.08p calendar month EPC Rating: C
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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.
Area
Agent & docs
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FAQ
About Flat 14, Riversmead Waveney Grove, Newcastle
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