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See how verdicts work2-bedroom flat · NE38 0HB
Sold STCListed 83 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A property priced to sell, this is a two bedroom first floor flat located in the popular area of Oxclose in Washington. This property is being sold at auction.
FOR SALE VIA ONLINE AUCTION: terms and conditions apply. Link to bidding platform: Available to CASH BUYERS ONLY due to there being 46 years left on the current lease.
The flat comprises of an entrance porch, which in turn provides access into the staircase which leads up to the flat.
Approaching the top of the staircase you are greeted to the first floor landing that provides access into the living room, bathroom and 2 good sized bedrooms.
The living room is bright and well proportioned, featuring an extra large UPVC window which overlooks the woodland space behind the property.
The kitchen has a fitted kitchen, tiled splashbacks, an integrated oven and hob, and houses the nearly new 18 months old combi boiler.
Just off the the first floor landing there are two good sized bedrooms, both of which have papered walls, and a family bathroom which sits at the heart of the flat.
The bathroom comes with a heated towel rail, a three piece bathroom suite including a WC, basin and cladded bath/shower unit. Externally there is a generous sized, gated garden to the front.
Also, nearby sits a private garage which allows for plenty extra storage space and parking for one small to medium sized vehicle.
Located in the popular Oxclose area of Washington, this property enjoys a convenient location close to a wide range of everyday amenities.
The nearby Galleries Shopping Centre offers supermarkets, retail stores, cafés, healthcare facilities and leisure amenities, while several well regarded primary and secondary schools are within easy reach.
Excellent road connections via the A1231 and A1(M) provide straightforward access to Sunderland, Newcastle, Durham and surrounding business parks, making the area particularly attractive to commuters.
Washington continues to see ongoing investment across both residential and commercial sectors, with its location between Newcastle and Sunderland supporting sustained demand from both homeowners and tenants.
The town benefits from nicely maintained green spaces, local parks and nearby attractions such as Washington Wetland Centre and Herrington Country Park, offering an excellent balance of convenience and outdoor leisure.
The local economy is underpinned by a strong mix of employment opportunities, with major employers located at Nissan Motor Manufacturing UK, the International Advanced Manufacturing Park, Washington Business Centre and surrounding industrial estates.
Combined with affordable property prices, strong transport links and consistent rental demand from professionals and families alike, Oxclose remains an established location for buy to let investors seeking dependable rental returns and long term growth potential.
Tenure: Leasehold (46 years)
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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.
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FAQ
About Mitford Close, Washington
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