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See how verdicts work3-bedroom flat · NE29 7NU
Sold STCListed 158 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Appealing to a wide variety of buyers is this three bedroom first floor flat in this favoured residential street.
The accommodation comprises; entrance area with stairs to the first floor, lounge, kitchen with a good range of wall and base units, complimenting work surfaces, built in gas hob and electric oven, stainless steel sink with mixer tap, tiled splashback, space for appliances, breakfast bar, handy storage cupboard, tiled floor, UPVC double glazed window and radiator.
Three bedrooms and bathroom/WC. Externally to the rear is a private garden which is mainly laid to lawn with paved patio area two outdoor storage cupboards and fenced boundaries.
The property benefits from loft boarded for storage UPVC double glazing and gas central heating.
Leasehold 999 years from 1st March 2006 should you proceed with this purchase these details must be verified by your solicitor.
Virtual tour Available at link below: Please contact the North Shields Branch for further information and viewings.
Council Tax Band: A Tenure: Leasehold Length of Lease: 979 Front External Entrance Hall With stairs to the first floor.
First Floor Landing With doors off to the lounge, bedrooms, bathroom/WC and large storage cupboard.
Lounge 3.51m x 4.68m UPVC double glazed walk in bay window to the front, wall mounted electric fire and radiator.
Breakfasting Kitchen 3.31m x 3.93m With a good range of wall and base units, complimenting work surfaces, built in gas hob and electric oven, stainless steel sink with mixer tap, tiled splashback, space for appliances, breakfast bar, handy storage cupboard, tiled floor, UPVC double glazed window and radiator.
Utility/ Storage Room 1.85m x 2.09m Plumbed for washing machine, space for shelving unit, large storage cupboard, stairs to the rear garden, tiled flooring and UPVC double glazed window.
Bedroom One 2.47m x 3.79m UPVC double glazed window to the front and radiator.
Bedroom Two 2.72m x 3.01m UPVC double glazed window to the rear, built in wardrobes and radiator.
Bedroom Three 2.36m x 2.62m UPVC double glazed window to the front, built in storage cupboard and radiator.
Bathroom/WC 1.8m x 2.69m White three piece bathroom suite comprising; P shaped bath with shower over and glass screen, hand wash basin, low level WC, partially tiled walls, UPVC double glazed window and radiator.
Rear Garden Private rear garden mainly laid to lawn with paved patio area two outdoor storage cupboards and fenced boundaries.
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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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
FAQ
About Mortimer Avenue, North Shields, Tyne and Wear, NE29 7NU
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