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See how verdicts work3-bedroom semi-detached house · NE29 9BJ
Sold STCListed 236 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
WONDERFUL OPPORTUNITY TO ACQUIRE THIS SPACIOUS THREE BEDROOM SEMI DETACHED PROPERTY SITUATED CLOSE TO PRESTON VILLAGE IN NORTH SHIELDS OFFERED WITH NO UPPER CHAIN Brannen and Partners are delighted to welcome to the market this three bedroom semi detached family home situated within this sought after residential area close to Preston Village in North Shields.
Benefitting from spacious accommodation, two reception rooms and private garden with garage.
The family feel and potential of this property makes for an exciting opportunity which can only be truly appreciated by viewing.
Briefly comprising: Entrance vestibule to a welcoming hallway leading to all rooms and stairs to the first floor.
Overlooking the front of the property is a generously proportioned living room featuring a large bay window allowing plenty of light to fill the room.
To the rear is a further reception room with a fireplace and sliding patio doors opening out to the rear garden.
To complete the ground floor is the kitchen which has fitted units including a gas hob and electric oven. To the first floor are three bedrooms, family bathroom and separate W.C.
Two of the bedrooms are good sized doubles and both have fitted wardrobes providing additional storage. The bathroom comprises a bath with hand basin.
Externally to the rear is a private garden laid to lawn with side access to the front where there is a garden, driveway parking and a garage.
This property is ideally located with a good choice of local shops and amenities nearby, good road and local transport links as well as excellent schooling at all levels.
Also conveniently situated a short car ride to Tynemouth Village which is a highly desirable area located at the mouth of the River Tyne and has a good choice of restaurants and shops.
Entrance Vestibule - Hallway - Living Room - 4.21m x 3.62m (13'9" x 11'10") - Dining/Reception Room - 4.21m x 3.62m (13'9" x 11'10") - Kitchen - 3.61m x 3.17m (11'10" x 10'4") - Bedroom One - 5.06m x 2.89m (16'7" x 9'5") - Bedroom Two - 4.24m x 3.06m (13'10" x 10'0") - Bedroom Three - 2.88m x 2.34m (9'5" x 7'8") - Bathroom - 2.35m x 2.25m (7'8" x 7'4") - W.C.
- Externally - Externally to the rear is a private garden laid to lawn with side access to the front where there is a garden, driveway parking and a garage. Tenure - Freehold
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
FAQ
About Otterburn Road, North Shields
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