2-bedroom flat · NE28 9RJ
Sold STCListed 86 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
CHAIN FREE • CLOSE TO LOCAL AMENITIES, TRANSPORT LINKS AND SCHOOLS SPACIOUS TWO BEDROOM GROUND FLOOR FLAT • SHOWER ROOM • COMMUNAL GARDEN IDEAL FOR FIRST TIME BUYER • LEASEHOLD 125 YEARS FROM 20.12.2004 • COUNCIL TAX BAND A ENERGY RATING TBC Entrance - UPVc door into entrance hallway - storage cupboards, laminate flooring, access to..
Lounge - 3.71m x 4.29m - UPVc double glazed window, radiators, laminate flooring.
Kitchen - 1.93m x 3.43m - UPVc double glazed window, radiator, part tiled walls and tiled flooring, range of floor units, counters and sink, plumbed for washing machine.
Bedroom 1 - 4.53 x 2.79 (14'10" x 9'1") - UPVc double glazed window, radiator, laminate flooring. Bedroom 2 - 2.79m x 2.06m - UPVc double glazed window, radiator, laminate flooring.
Shower Room - 1.78 x 2.78 max (5'10" x 9'1" max) - Radiator, walk in shower, WC and wash hand basin. External - There is a lawned garden area to the front.
Material Information - BROADBAND AND MOBILE: At the time of marketing we believe this information is correct, for further information please visit Various factors can affect coverage, such as being close to large trees or buildings when outdoors, or the thickness of walls if you’re inside a building.
This means there may be differences between the coverage prediction and your experience.
EE- Good outdoor and in-home O2- Good outdoor Three-Good outdoor and in-home Vodafone - Good outdoor 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.
Leasehold - 125 years from 20 December 2004.
We have been advised that Ground Rent is currenty £10 per annum, Management Fees are £92 per annumm and Insurance is £247 payable to North Tyneside Council.
This information must be confirmed via your legal represenative,
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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