2-bedroom flat · TD15 1EA
Sold STCListed 359 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
7 The Old Corn Exchange sits within the desirable former Corn Exchange development.
The Corn Exchange is a Grade II listed building which was built in 1858 and is situated on Sandgate in the heart of the old town and next to the historic Elizabethan fortified town walls.
Accommodation Briefly comprising: Entrance hallway, open plan living kitchen area, traditional bathroom suite and two bedrooms. Externally There is a communal Courtyard.
Location Berwick upon Tweed has a comprehensive range of facilities.
The mainline railway station is within easy walking distance and offers regular services to Edinburgh and Newcastle as well as London, some three and a half hours to the south.
The A1 is close at hand providing good access to the regional and national road network. Services Mains electricity, water and drainage, mains gas central heating.
Tenure Leasehold: 978 years remaining The owners are required to pay £118 per month into the Management fund.
This includes a payment of £68.00 towards the building's insurance & £50.00 towards ongoing maintenance & repairs.
Charges Council Tax Band: Northumberland County Council, band B EPC Energy Performance Rating: C Council Tax Band: B (Northumberland County Council) Tenure: Leasehold (978 years) Ground Rent: £118 per month Leashold: 978 years remaining The owners are required to pay £118 per month into the Management fund.
This includes a payment of £68.00 towards the building's insurance & £50.00 towards ongoing maintenance & repairs.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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
Agent & docs
FAQ
About 7, The Old Corn Exchange, Sandgate, Berwick upon Tweed
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