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See how verdicts work2-bedroom flat · NE23 3JE
Sold STCReduced £10k (−8.3%) on 25 OctListed 115 days
Opportunity summary
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About
*** FIRST FLOOR FLAT - TWO BEDROOMS - SHANKHOUSE - TURN KEY READY - ORIGINAL FEATURES - CONTEMPORARY LIVING - AMPLE ON STREET PARKING - UTILITY AREA - 999 YEARS LEASE (FROM SEPTEMBER 1988) NO GROUND RENT - VIEWINGS HIGHLY RECOMMENDED *** Mike Rogerson Estate Agents are delighted to welcome to the market this impressive two bedroom first floor flat, ideally situated on the highly sought-after Hastings Terrace, in the popular residential area of Shankhouse, Cramlington.
Beautifully presented throughout, this turn key property is ready for immediate occupation and offers stylish, well maintained accommodation that is sure to appeal to a wide range of purchasers, including first-time buyers, professionals, downsizers and investors alike.
The property further benefits from an exceptionally long lease, with over 960 years remaining, together with the added advantage of no ground rent payable.
Conveniently located close to local amenities, excellent transport links and the many facilities that Cramlington has to offer, this attractive home combines comfortable living with an excellent location.
Early viewing is highly recommended to fully appreciate the standard of accommodation and lifestyle opportunity on offer.
Situated on Hastings Terrace, this first floor flat occupies a convenient position within Cramlington, a highly regarded Northumberland town that continues to prove popular with a wide range of purchasers, including first-time buyers, professionals and those looking to downsize.
The property enjoys excellent access to an array of local amenities, including nearby shops, supermarkets, cafés and leisure facilities.
Cramlington town centre is within easy reach and offers an extensive range of retail and dining options, together with excellent healthcare facilities and everyday conveniences.
For commuters, the area is particularly well placed, benefiting from excellent transport links via the A19 and A1, providing straightforward access to Newcastle upon Tyne, North Tyneside and the wider region.
Newsham railway station is in close proximity, offering convenient rail connections, while two bus stops at the end of the street provide regular X10 and X11 services directly to Newcastle.
Cramlington railway station is also readily accessible, offering additional rail connections to surrounding areas.
The town is well known for its abundance of green spaces, parks and recreational facilities, whilst nearby countryside and the Northumberland coastline provide further opportunities for outdoor pursuits.
The popular Manor Walks shopping and leisure complex, together with a range of sporting and leisure amenities, further enhances the appeal of the area.
Combining convenience, connectivity and a strong sense of community, Cramlington remains one of Northumberland's most desirable residential locations, making this an excellent opportunity for a variety of buyers.
The accommodation briefly comprises an entrance with stairs rising to the first floor, leading to the central landing which provides access to the principal accommodation.
The heart of the home is the stunning open plan lounge and dining room, a beautifully presented and spacious living area featuring an attractive log burning stove which provides a striking focal point and creates a warm and inviting atmosphere.
The open plan design lends itself perfectly to both everyday living and entertaining.
The contemporary galley style kitchen has been thoughtfully designed to maximise both storage and workspace, offering a modern finish and practical layout.
A door from the kitchen area leads to the stylish and modern bathroom, fitted to a high standard, whilst a further door provides access to stairs leading down to the rear yard.
The property benefits from two well proportioned bedrooms, both offering comfortable accommodation and ample space for furnishings.
Externally, there is ample on street parking available to the front of the property. To the rear, a shared yard provides outdoor space and convenient access to the property.
Overall, this beautifully presented, turn key home combines character features with contemporary finishes, creating an impressive first floor flat that is ready to move straight into.
The property benefits from a long 999-year lease commencing in September 1988, providing prospective purchasers with the reassurance and security associated with a substantial lease term.
With in excess of 960 years remaining, the property offers many of the advantages typically associated with freehold ownership from a tenure perspective.
Furthermore, the seller has advised that there is no ground rent payable, which can provide additional peace of mind for purchasers by eliminating ongoing ground rent charges and the potential for future increases.
The combination of an exceptionally long lease and the absence of ground rent enhances the property's overall appeal and may prove particularly attractive to first-time buyers, investors and owner-occupiers alike.
Externally Mike Rogerson Estate Agents are delighted to welcome to the market this impressive two-bedroom first floor flat, ideally situated on the highly sought after Hastings Terrace, in the popular residential area of Shankhouse, Cramlington.
Conveniently located close to local amenities, excellent transport links and the many facilities that Cramlington has to offer, this attractive home combines comfortable living with an excellent location Stairs To First Floor A private entrance door opens to a staircase rising to the first-floor landing, providing access to the spacious living/dining room, fitted kitchen, bedrooms and family bathroom.
Lounge 17' 7'' x 15' 6'' (5.37m x 4.72m) A superb open-plan living and dining area forms the heart of the home, offering a bright and welcoming space ideal for both everyday living and entertaining.
A dedicated snug provides a cosy retreat, beautifully complemented by a feature fireplace incorporating a charming log-burning stove, creating a warm and inviting atmosphere throughout.
Dining Area 17' 7'' x 15' 6'' (5.37m x 4.72m) The spacious open-plan living area incorporates a dedicated dining space, creating the perfect setting for both everyday living and entertaining.
The room is enhanced by a contemporary designer wall mounted radiator, as well as two traditional radiators a useful built-in storage cupboard, and stylish laminate flooring that flows seamlessly throughout, adding to the sense of space and modern appeal.
Kitchen 11' 10'' x 7' 1'' (3.60m x 2.16m) The contemporary galley style kitchen is fitted with a stylish range of sage green wall, base and drawer units, complemented by wooden worktops.
Well equipped for modern living, it features inset ceiling spotlights, a stainless steel sink with drainer, an integrated five ring gas hob with an oven and grill beneath, together with plumbing and space for a washing machine.
Part tiled walls and laminate flooring complete this attractive and practical space.
Bedroom One 13' 3'' x 11' 11'' (4.04m x 3.64m) A spacious principal bedroom featuring a double glazed window to the front elevation, allowing for an abundance of natural light.
The room offers ample space for a range of freestanding bedroom furniture, creating a comfortable and relaxing retreat.
Bedroom Two 9' 11'' x 7' 1'' (3.01m x 2.16m) A generously proportioned second bedroom with a double glazed window to the front elevation, offering a versatile space that is ideal as a guest bedroom, home office or child's bedroom.
The room also provides ample space for freestanding furniture.
Bathroom A spacious and well appointed bathroom, fitted with a contemporary white three piece suite comprising a panelled bath with a mains-fed shower over, a pedestal wash hand basin and a low level WC.
Finished with modern wall panelling and recessed ceiling spotlights, the room offers a bright, stylish and low maintenance space.
Rear Yard To the rear of the property is a shared yard that provides a delightful and low-maintenance outdoor space, ideal for seating and relaxing.
EPC Graph A full copy of the energy performance certificate is available upon request.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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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