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See how verdicts work2-bedroom flat · NE43 7JP
For saleReduced £10k (−8.3%) on 25 OctListed 101 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This two-bedroom first floor flat offers well-proportioned accommodation, with access via stairs from a communal lobby and hallway, and is situated in a small development just off the A695 in Stocksfield, close to a local church and within a few hundred yards of a convenience store and a farm shop in this popular Tyne Valley village.
Unlike some of the other flats in the development, which are under shared ownership arrangements, this property has a 100% sole-ownership leasehold title, with the lease term having been extended in 2020 to run until the end of 2175.
There is a 'peppercorn' annual ground rent and a monthly service charge of £167.73, covering garden/communal maintenance, window cleaning, buildings insurance and a reserve fund to cover other occasional maintenance.
The ground floor lobby has a locked post-box and there is an entry intercom system for access into the communal hallway and stairs leading up to the first floor landing.
Entering the flat, there is an L-shaped hall with a storage cupboard (housing the hot water cylinder) and access along to the living room at the far end, which has a Velux window to the front and another window to the side.
The adjacent kitchen - fitted in 2022 - has contemporary grey units and wood-effect worktops and has an electric oven and hob with extractor over.
There are two bedrooms to the front - a double bedroom and a single - both with Velux windows, while the bathroom has a bath with mains-fed power shower over, wash basin and W.C.
in vanity unit and a stylish circular mirror with a light. The window are all double glazed and the gas central heating has a Baxi system boiler, which was fitted in 2022, with Hive heating controls.
There are communal grounds and gardens within the development, and an allocated parking space in the car, close to the bin store towards the entrance.
Ford Rise is situated within Birches Nook in Stocksfield, which is a popular semi-rural village in the Tyne Valley area of Northumberland, along the A695, within 10 miles of Hexham (to the west) and 16 miles of Newcastle city centre (to the east).
The main road provides an excellent link to the surrounding areas and has regular buses, while there is also a train station less than a mile away, serving stations along the Newcastle to Carlisle line.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. CRA260079/2
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
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FAQ
About Birches Nook, Stocksfield, Northumberland, NE43
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