2-bedroom flat · NE25 8SU
Sold STCListed 38 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A SUPERB TWO BEDROOM, FIRST FLOOR FLAT situated on Closefield Grove in West Monkseaton. Available with NO ONWARD CHAIN, the property has been newly decorated and is ready to move into.
Briefly comprising; entrance hall and landing, lounge, modern kitchen, two double bedrooms and a modern bathroom/WC. Gas central heating and double glazing.
Externally the property has a garden to the rear. Ideally placed for access to local shops and schools. To arrange a viewing call COOKE & CO. Energy rating C.
Ground Floor Entrance Hall UPVC entrance door with staircase to the first floor. First Floor Landing Doors lead to the lounge, kitchen, two bedrooms and bathroom/WC.
Lounge 4.65m x 3.66m To the rear of the property with views over the school fields, feature fireplace, radiator, double glazed bay window to the rear.
Additional Lounge Photo Kitchen 3.5m x 2.51m A modern kitchen fitted with a range of wall and base units, sink unit, integrated electric oven and hob with extractor hood above, space and plumbing for a washing machine and a fridge freezer, integrated dishwasher, built in cupboard.
Double glazed window to the rear. Additional Kitchen Photo Bedroom One 4.67m x 3.66m Double glazed bay window to the front, built in wardrobes, radiator.
Additional Bedroom One Photo Bedroom Two 4.06m x 2.44m Double glazed window to the front, radiator, built in cupboard.
Bathroom/WC Fitted with a white suite comprising; panelled bath with shower above, low level WC and wash basin, double glazed frosted window to the side, radiator, built in cupboard.
External There is a garden to the rear.
Tenure Leasehold: 999 years from March 1986 Council Tax North Tyneside Council Tax Band A Mortgage Advice A comprehensive mortgage planning service is available via Darren Smith of NMS Financial Limited.
For a free initial consultation contact Darren on .
**Your home may be repossessed if you do not keep up repayments on your mortgage** Disclaimer Please be advised that the party selling this property is a relative of an employee of Cooke & Co Estate Agents Ltd.
Location Map Energy Performance Certificate EPC Rating C
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.
Area
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FAQ
About Closefield Grove, Monkseaton, NE25
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