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See how verdicts work2-bedroom terraced house · NE29 9DA
Sold STCListed 157 days
Opportunity summary
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About
WELL PRESENTED TWO BEDROOM MID-LINK PROPERTY WITH A GARAGE SITUATED WITHIN THIS SOUGHT AFTER DEVELOPMENT IN PRESTON VILLAGE NORTH SHIELDS We are delighted to bring to the market this well presented two bedroom mid-link property situated within this leafy development in Preston Village.
Conveniently located close to local shops and amenities, the home benefits from open plan living, garage, conservatory and small garden overlooking the green which is exclusive to residents.
Briefly comprising: Entrance vestibule leading through to a hallway linking to the open plan lounge/diner, this bright and airy space has stairs to the first floor and a door accessing the conservatory.
The conservatory offers a pleasant seating area with views over the garden and the green beyond.
The kitchen has fitted wall and base units with space for a freestanding oven, fridge/freezer and plumbing for a washing machine.
To the first floor are two double bedrooms, one of which benefits from fitted wardrobes and the other has a built in cupboard. The shower room is a wet room style with hand basin, W.C.
and heated towel rail. Externally to the rear is a low maintenance private garden with an open aspect overlooking the residents green.
To the front is a gravelled garden with a lockable outhouse and a detached garage.
The property is ideally located with a good choice of local shops and amenities, as well as good road and local transport links.
Also conveniently situated a short car ride to Tynemouth Village which is a highly desirable area located at the mouth of the River Tyne and has a good choice of restaurants and shops.
Entrance Vestibule - Lounge/Diner - 8.07m x 3.92m (26'5" x 12'10") - Kitchen - 2.71m x 2.67m (8'10" x 8'9") - Conservatory - 3.42m x 1.82m (11'2" x 5'11") - Bedroom One - 3.95m x 2.67m (12'11" x 8'9") - Bedroom Two - 3.88m x 2.61m (12'8" x 8'6") - Shower Room - 2.58m x 1.54m (8'5" x 5'0") - Externally - To the rear is a low maintenance private garden with an open aspect overlooking the residents green.
To the front is a gravelled garden with a lockable outhouse and a detached garage. Tenure - Freehold
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
Agent & docs
FAQ
About Walton Park, Preston Village
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