2-bedroom flat · NE44 6ET
For saleReduced £5k (−4.8%) on 21 JunListed 918 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**over 55's**modern**no upper chain**village location**first floor apartment** This is a popular development situated in the sought after village of Riding Mill, situated close to bus route.
The apartment is a first floor apartment comprising of two bedrooms, spacious lounge and modern fitted kitchen, modern bathroom.
The property has a kitchen with slot in oven, washing machine and fridge freezer. The bathroom has been upgraded with a bath with shower over, vanity sink unit and WC.
The main bedroom has fitted wardrobes. The landing has a large storage cupboard as well an additional bespoke cupboard for coats and shoes. The property is vacant with no upper chain.
The lease with Castle & Coasts to approx. 150 years. Externally there are communal gardens and off street parking.
Available for over 55's makes it an ideal home for couples and single professionals. Viewing is essential! The service charge for 2025 is £178.99 per calendar month.
Services Mains electricity, mains drainage and mains water are connected. Gas central heating.
Tenure Leasehold council tax band: B directions WHAT3WORDS: Every three metre square of the world has been given a unique combination of three words referral fees In accordance with the Estate Agents’ (Provision of Information) Regulations 1991 and the Consumer Protection from Unfair Trading Regulations 2008, we are obliged to inform you that this Company may offer the following services to sellers and purchasers from which we may earn a related referral fee from on completion, in particular the referral of: Conveyancing where typically we can receive an average fee of £100.00 plus VAT.
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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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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 12, The Old Orchard, Riding Mill
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