2-bedroom flat · NE28 6RU
For saleListed 121 days
Opportunity summary
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About
** TWO BEDROOM FIRST FLOOR FLAT ** IDEAL FIRST TIME BUY OR BUY TO LET INVESTMENT ** ** CURRENTLY TENANTED @ £500 PCM CAN BE SOLD WITH OR WITHOUT TENNANT ** ** PRIVATE SOUTH FACING GARDEN ** CLOSE TO SHOPS, BUS SERVICES & METRO STATION ** ** COUNCIL TAX BAND A ** 999 YEAR LEASE FROM 13/05/1876 ** ENERGY RATING D ** Entrance - Upvc entrance door, stairs to the first floor accommodation.
Landing - Access to rear staircase leading to a small outside area. Lounge - 4.09 x 4.10 (13'5" x 13'5") - Double glazed window, wall mounted gas fire, laminate flooring, radiator.
Kitchen - 4.07 x 3.65 (13'4" x 11'11") - Fitted with wall and base units with work surfaces over and sink unit, integrated oven and hob with extractor hood over, double glazed windows and radiator.
Bedroom 1 - 4.53 x 4.11 (14'10" x 13'5") - Double glazed bay window, laminate flooring, radiator. Bedroom 2 - 3.49 x 3.33 (11'5" x 10'11") - Double glazed window, laminae flooring, radiator.
Bathroom - 2.06 x 1.82 (6'9" x 5'11") - Comprising, bath, WC and wash hand basin, double glazed window, part tiled walls, radiator.
External - Externally there is a south facing garden to the front and a small yard to the rear. Lease - The property has a 999 year lease dated from 12/05/1876 with around 849 years remaining.
Material Information - BROADBAND AND MOBILE: At the time of marketing we believe this information is correct, for further information please visit EE-Good outdoor, variable in-home O2-Good outdoor and in-home Three-UK-Good outdoor Vodafone-Good outdoor and in-home We recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
FLOOD RISK: Yearly chance of flooding: Surface water: Very low. Rivers and the sea: Very low. CONSTRUCTION: Traditional This information must be confirmed via your surveyor and legal representative.
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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