3-bedroom flat · NE30 2BT
Sold STCListed 107 days
Opportunity summary
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About
WELL PRESENTED THREE BEDROOM FIRST FLOOR FLAT SITUATED WITHIN THIS POPULAR LOCATION IN NORTH SHIELDS Brannen & Partners welcome to the market this well presented three bedroom first floor flat, conveniently located close to local shops and amenities in North Shields.
Benefitting from good sized accommodation, high ceilings and shared yard. Appealing to a range of buyers such as downsizers and first time buyers.
Briefly comprising: Private entrance with stairs to the first floor landing. The living room is bright and airy, featuring high ceilings, decorative coving and a fireplace housing an electric fire.
From here the main double bedroom is accessed, this room is very generous in size with a large bay window to the front.
To the rear of the property is the kitchen, fitted wall and base units provide storage and integrated appliances include an electric hob, oven, extractor fan and plumbing for a washing machine.
Moving through a lobby where there is fitted storage housing a gas boiler, the bathroom comprises of a bath with shower over, hand basin and W.C.
Leading from the lobby there are two further double bedrooms which are both light and airy. Externally there is a shared access south facing backyard offering a quiet, pleasant seating area.
On street parking is also located to the front of the property.
The property is located in North Shields close to the thriving Fish Quay and to major road links providing ease of access to other local towns, the coast and Newcastle City centre as well as good bus and Metro links.
The property is a short walk in to Tynemouth Village which offers a good range of shops, cafés and restaurants as well as the award winning Long Sands Beach.
Tynemouth Cricket Club, Percy Park Rugby Club and Tynemouth Golf Club are a short walk away along with the beautiful natural surroundings of Northumberland Park which is ideal for pleasant walks.
The property has a range of good and outstanding Nurseries, Primary and Secondary schools within walking distance.
Private Entrance Hallway - First Floor Landing - Living Room - 4.28m x 3.69m (14'0" x 12'1") - Kitchen - 3.53m x 2.23m (11'6" x 7'3") - Bathroom - 2.24m x 1.84m (7'4" x 6'0") - Bedroom One - 5.16m x 3.67m (16'11" x 12'0") - Bedroom Two - 3.16m x 2.62m (10'4" x 8'7") - Bedroom Three - 2.90m x 2.63m (9'6" x 8'7") - Externally - Externally there is a shared access south facing backyard offering a quiet, pleasant seating area.
On street parking is also located to the front of the property. Tenure - Leasehold
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.
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About Bamborough Terrace, North Shields
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