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See how verdicts work1-bedroom flat · NE62 5LE
For saleListed 41 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This attractive one-bedroom flat presents an excellent opportunity for first-time buyers or buy-to-let investors alike.
The property offers a bright and airy open-plan lounge and kitchen, with double doors allowing plenty of natural light to flood the living space.
The accommodation also comprises a generous double bedroom with fitted wardrobes and an updated bathroom.
Conveniently laid out and ready to move into, this property is sure to appeal to a range of buyers.
Early viewing is highly recommended to fully appreciate all that is on offer and to see if this could be the perfect home or investment for you Entrance Via entrance door.
Lounge 10.70ft x 9.22ft (3.26m x 2.81m) Double glazed window to ear, double radiator, built in storage cupboard, television point.
Open plan to: Kitchen 6.09ft x 6.98ft (1.85m x 2.12m) Double glazed window to front, fitted with a range of wall, floor and dawer unit with coordinating roll edge work surfaces, stainless steel sink unit and drainer with mixer tap, tiled splash backs, built in electric fan assisted oven, electric hob with extractor fan above, space for fridge, plumbed for washing machine laminate flooring, spotlights.
Bedroom One 11.73ft x 7.43ft (3.57m x 2.26m) Double glazed window to rear, double radiator, Bathroom 5.80ft x 5.43ft (1.76m x 1.65m) Double glazed window to front, wash hand basin (set in vanity unit), shower cubicle, low level wc, cladding to walls and ceiling, extractor fan.
Please note that the aml fee covers the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains Broadband: Fibre to cabinet Mobile Signal Coverage Blackspot: No Parking: No Mining The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.
Confirmation should be sought from a conveyancer as to its effect on the property, if any. Tenure Leasehold. It is understood that this property is leasehold.
Should you decide to proceed with the purchase of this property, the Tenure and associated details and costs must be verified by your Legal Advisor before you expend costs.
Length of Lease: 99 years from 1 December 1989 Ground Rent: £100 per annum Service Charge: N/a council tax band: A EPC rating: Tbc
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About 24, Riversdale Avenue, Choppington
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