2-bedroom flat · SR6 0RF
Sold STCListed 227 days
Opportunity summary
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About
WITH A LARGE PRICE REDUCTION AS AN EARLY SALE IS REQUIRED.
Situated on this highly regarded modern sea-front and marina development at the mouth of the River Wear, a rare opportunity to purchase a beautifully presented fifth floor purpose-built luxury apartment with the benefit of stunning panoramic sea, coastal and river views from the private balcony and the various feature windows.
Generously proportioned and attractively decorated throughout in neutral contemporary themes, the apartment enjoys pleasing levels of natural light enhanced by three good sized viewing bays to the main living area and both bedrooms as well as the outside space with views provided by the balcony area.
The impressively spacious accommodation includes a magnificent open plan living/dining room, a modern kitchen/breakfast area, 2 double bedrooms with fitted furniture, an en suite shower-room to the main bedroom.
There is a separate family bathroom including a selection of modern fittings.
With the added convenience of lift access and an integral garage with an electrically operated up and over door, this is an excellent example of its type and internal inspection is strongly recommended.
It comprises: shared entrance hall with stairs and lift to upper floors, hall, open plan lounge/dining room with feature bay, modern kitchen/diner, 2 bedrooms (principal bedroom with en suite), bathroom/wc, gas CH (combi), double glazed, security entry phone system, carpets, integral garage.
SHARED ENTRANCE HALL Lift and stair access to upper floors, and access to garage ENTRANCE HALL Built in cloaks cupboard; laminate floor; radiator LOUNGE 18' 10" x 19' 7" (5.76m x 5.98m) plus large feature bay (2.95m x 2.95m) Feature bay window with superb river, sea and coastal views; access to balcony; two radiators KITCHEN 17' 2" x 8' 9" (5.24m x 2.69m) Comprehensive range of fitted wall and floor units having ample working surface; stainless steel single drainer sink unit bowl sink with mixer tap; built in electric oven; gas hob; stainless steel extractor hood; integrated dishwasher; integrated fridge; integrated freezer; integrated washing machine; wine rack; tiled splashback; window seat with oriel window; laminate floor; radiator BEDROOM 1 15' 1" x 10' 4" (4.60m x 3.17m) Range of fitted wardrobes with bedside cabinets; large feature bay (2.96m x 2.95m) with commanding view of harbour and pier, radiator ENSUITE SHOWER ROOM/WC Tiled shower enclosure; vanity wash hand basin with cupboard beneath; low level wc; cupboard with mirror and spotlights over; tiled floor; radiator BEDROOM 2 19' 7" x 7' 8" (5.97m x 2.35m) Feature window with outstanding view of pier and distant views of coast; range of fitted wardrobes; radiator BATHROOM/WC Panel bath; vanity wash hand basin with cupboard beneath and mixer tap; low level wc; white suite; extractor fan; partly tiled walls; tiled floor; radiator Extras: (Included in price): All fitted carpets, blinds, curtains and light fittings included.
Some furniture may be available by separate negotiation.
Gas central heating (combi); uPVC double glazing Single garage with electrically operated up and over door We understand that the property is leasehold with approximately 969 years remaining however the owners have purchased the freehold as part of a private limited company.
Details on application.
EPC rating C Council Tax Band E Viewing: By appointment through this office Please Note: These particulars are intended to provide a general outline only for the guidance of prospective purchasers and do not constitute, nor shall constitute, part of an offer or contract.
Intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of such information.
The Vendor does not make or give, and neither the Directors of Alfred Pallas, nor any person in their employment has any authority to make or give any warranty in relation to this property.
Where reference is made to the tenure details of the property (including any relevant ground rent or service charge), this information should not be relied upon without being verified independently by the legal adviser of any intending purchaser.
Please note that the services and appliances in the property have not been tested.
Nothing in these particulars shall be deemed a statement that the property is in good condition, nor that any services, appliances or any fittings are in working order or satisfy current regulations.
Any measurements, areas or distances referred to are approximate and are not precise. Accordingly room sizes should not be relied upon for carpets or furnishings.
Plans and floor plans are for identification purposes only and are not to scale.
Information relating to the current council tax banding and standard amount payable is provided for guidance only and should be independently verified prior to purchase.
In particular, purchasers should make their own enquiries with the Local Authority whether a property banding could be subject to review following purchase.
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.
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