2-bedroom flat · NE28 7EL
Listing removedListed 95 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** GROUND FLOOR FLAT - TWO DOUBLE BEDROOMS - PRIVATE FRONT AND REAR DOORS - PRIVATE GARDEN - UNFURNISHED - AVAILABLE NOW - GOOD TRANSPORT LINKS - CLOSE TO AMENITIES ***Offered to the rental market, is this Two Bedroom Ground Floor Flat which is nicely situated in Chesters on Engine Inn Road, Wallsend.
The property is close to all local amenities: schools, shops, medical and leisure facilities and has good road and bus links.Offering well presented accommodation which briefly comprises: private front door leading into spacious lounge, good sized breakfasting kitchen with double glazed door leading to rear, two double bedrooms and modern bathroom/w.c.
Externally the property benefits from a private garden to the front. The property benefits from gas central heating via radiators and double glazing. EPC Rating: C A viewing is highly recommended.
Please call our Wallsend Branch today to arrange an internal inspection.
Lounge approx 16' 4'' x 11' 0'' at widest (4.97m x 3.35m) Lounge additional image Kitchen approx 14' 9'' at widest x 12' 1'' at widest (4.49m x 3.68m) Kitchen additional image Bedroom One approx 11' 7'' x 11' 1'' (3.53m x 3.38m) Bedroom Two approx 12' 1'' x 9' 1'' (3.68m x 2.77m) Bathroom/w.c approx 7' 8'' x 6' 5'' (2.34m x 1.95m) EPC Rating: C A full version of the Energy Performance Certificate is available upon request.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Chesters, Engine Inn Road, Wallsend
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