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See how verdicts work2-bedroom house · DH3 4GW
Listing removedListed 1634 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description *lease recently extended to 169 years* no chain. Spacious 2nd floor apartment. 2 double bedrooms. En-suite bathroom. Private gated access. Tenanted investment.
Current tenant paying £595PCM fixed until 31/03/2026.
Offered chain free, this superb and spacious 2nd floor apartment offers great space with an open plan living dining layout along with 2 double bedrooms.
This bright and airy apartment offers dual aspect far reaching views across countryside.
Gas central heating is installed to the block, a superb kitchen boasts marble worktops, built in fridge freezer, dishwasher, oven, hob and plumbing for a stand alone washing machine.
Bedroom 1 is a great size, benefiting from a full en-suite shower room compliments this luxurious apartment perfectly, a family bathroom is located from the hallway.?
Melbeck Court is accessed via remote control gates and an intercom entry system. Allocated parking is provided.
A range of village amenities are close by with a range of general stores, primary school along with a village pub.?
Excellent countryside, walks and cycling tracks are located on the village boundaries . Great Lumley is a very well regarded village located around 1 mile from Chester le Street.
A wider range of shopping and recreational facilities are with in Chester le Street along with excellent commuting links via the A1 motorway and main line train station.
The property is tenanted for a fixed term running till 31/03/2026 and is achieving £595PCM (£7140.00PA). Property comprises Gated access via remote control and intercom Access to the apartment.
Hallway leading to? Lounge / diner / kitchen. 18'4 x 15'2 (5.59m x 4.63m) Dual aspect double glazed windows, tv point, radiator and intercom Kitchen.
Range of wall and base units, marble worktops, built in gas hob, electric oven, extractor hood, fridge and freezer, dishwasher, plumbed for washing machine, wall mounted Baxi combination boiler.?
Bedroom 1. 15'9 x 10'9 (4.81m x 3.27m) Dual aspect windows to rear and side and radiator. En-suite.
6'9 x 5'5 (2.06m x 1.66m) Double glazed window to rear, shower enclosure with mains shower, hand basin, wc, heated towel rail, fully tiled walls, tiled flooring and extractor fan Bedroom 2.
13'2 x 10'8 (4.02m x 3.25m) Double glazed window to rear and radiator Bathroom. 8'9 x 5'6 (2.66m x 1.69m) Comprising of, hand wash basin, wc, bath, radiator and extractor fan.
Externally allocated parking space is provided
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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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About 6 Melbeck Court, Great Lumley
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