2-bedroom flat · NE29 7LT
Listing removedListed 72 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideally positioned for those who enjoy coastal living, this property offers spacious rooms, a convenient location close to the scenic coast, and is within easy reach of Royal Quays Outlet, offering a variety of amenities.Additionally, the area benefits from excellent transport links, providing swift access across the Coast and into Newcastle City Centre.
The property has been completely done up throughout with all flooring and newly painted walls throughout Upon entering the property, a central hallway guides you first to a generously sized living room, featuring ample space for your choice of furnishings and enhanced by a cosy feature fireplace and large, bright window.
The room opens to the rear garden through elegant French doors, flooding the space with natural light.
The kitchen is designed with plenty of storage via base and drawer units, complemented by practical countertop space.
Through the kitchen, you?ll find a three-piece bathroom, complete with a W.C., hand basin, and bath.
The property also features two spacious bedrooms: bedroom one, located at the front of the property, boasts a charming bay window and ample of space for desired furnishings.
At the rear, a low-maintenance courtyard offers generous patio area, making it an ideal spot for outdoor entertaining. The property also benefits from ample on-street parking.
Council Tax Band A Holding Fee £154 EPC rating: C.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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.
Area
Agent & docs
FAQ
About Verne Road, Chirton, North Shields, NE29
Explore nearby
