1-bedroom flat · NE30 4PL
Sold STCListed 67 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A unique opportunity to purchase a FABULOUS, ONE BEDROOM GROUND FLOOR APARTMENT, situated in the heart of Cullercoats close to the sea front, Metro and all amenities.
Beautifully decorated with fabulous kitchen and bathroom fittings and ready to move straight into, a close internal inspection is essential to appreciate the top quality presentation and accommodation on offer.
The main features include a spacious lounge/dining room, good size double bedroom, modern well fitted kitchen and beautiful modern white shower room/WC.
The property enjoys easy to run electric heating.
Offered with NO UPWARD CHAIN and priced for a very quick sale, this property provides stunning value for money in one of the most sought after coastal locations. First to see will buy!
Lounge 4.83m x 3.66m Upvc double glazed windows provide great natural lighting, feature grey wood plank style flooring, wall mounted electric radiator.
Additional Lounge Photo Kitchen 3.6m x 1.52m Superb range of modern high gloss wall and floor units, wood effect style worktops, stainless steel single drainer sink unit with mono block style mixer tap, matching splash tiling, plumbing for washing machine, built in electric hob, oven and extractor, matching grey wood plank style flooring, double glazed French door giving access to shared rear yard, spot lights.
Bedroom 3m x 3.05m Plus large walk-in alcove area. Double glazed window, electric radiator.
Shower Room/WC Modern white low level WC, wash hand basin with vanity storage below, walk-in shower cubicle, half height splash tiling, spot lights, extractor fan and feature white heated towel rail.
External Shared yard to rear.
Agent's Notes * Highly Sought After Location * Very Close to Metro * Beautifully Decorated * Ready to Move Straight Into * No Upward Chain Lease & Maintenance Charges We understand the following applies: Leasehold: 999 years from 01/01/2009 No Ground Rent Service Charge: £40 per month (£480 per annum) plus a share of the building insurance All prospective purchasers will need to verify this information with their legal advisor.
Council Tax North Tyneside Council Tax Band A Mortgage Advice A comprehensive mortgage planning service is available via Darren Smith of NMS Financial Limited.
For a free initial consultation contact Darren on .
**Your home may be repossessed if you do not keep up repayments on your mortgage** Location Map Energy Performance Certificate EPC Rating E
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
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FAQ
About John Street, Cullercoats, NE30
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