1-bedroom flat · NE29 0NG
For saleListed 34 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Pattinson Estate Agents are pleased to offer to the market this well-positioned one-bedroom upper flat in North Shields, available with no onward chain and presenting an appealing opportunity for first-time buyers and investors alike.
Situated on the top floor, the property offers well-proportioned accommodation comprising a welcoming lounge, a good-sized bedroom, bathroom and additional attic storage space.
The property also benefits from access to an open balcony space, providing an additional outdoor area. Further benefits include gas central heating and on-street parking available nearby.
The property's convenient location provides easy access to a range of local amenities, with shops, services and everyday facilities within easy reach.
There are also good transport links nearby, making the property well placed for access to surrounding areas and an attractive option for those commuting or seeking a conveniently located home.
The property is held on a long leasehold basis with a peppercorn ground rent, falls within Council Tax Band A and has an EPC rating of 76.
With its convenient location, practical layout, outdoor space and no onward chain, this property represents an excellent opportunity for first-time buyers looking to take their first step onto the property ladder or investors seeking a potential addition to their portfolio.
Council Tax Band: A Tenure: Leasehold Annual Service Charge Amount: 190.00 Shared Ownership Percentage: 988
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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.
Area
Agent & docs
FAQ
About Flat 4 - 3, Cleveland Road, North Shields
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