2-bedroom flat · NE12 6DL
Sold STCReduced £12.5k (−12.8%) on 14 AugListed 113 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
First floor apartment located in a central purpose-built block convenient for bus interchange and many local amenities and shops.
Comprising living room; fitted kitchen; two good-sized bedrooms and bathroom. Benefits from secure entry and one allocated parking space.
Ideal home or property investment, with a proven track record on the rentals market. Offered with no upward chain.
Communal Entrance Way There are communal doors, one to the carpark aspect, and one the front aspect, with secure entry/ key system.
Maintained communal hallway with cupboard housing electrical services and also with secure post boxes. Apartment is on the first floor accessed via stairs.
Hallway (1.15 x 4.57 (3'9" x 14'11")) Offering access throughout the apartment, and having cloak cupboard.
Kitchen (1.9 x 3.03 (6'2" x 9'11")) Small kitchen with window to the front aspect, fitted with a range of wall and floor units, and have space for fridge freezer and washing machine, as well as having integrated oven/hob and extractor.
Living Room (4.56 x 3.64 (14'11" x 11'11")) Large room with space for dining, with large window to the front aspect.
Master Bedroom (3.29 x 3.15 (10'9" x 10'4")) To the front aspect Second Bedroom (3.15 x 2.22 (10'4" x 7'3")) With cupboard housing hot water system and offering storage.
Bathroom (1.9 x 1.89 (6'2" x 6'2")) With window to the rear aspect and fitted with wc; handwash basin and bath with electric shower over.
External Each apartment has an allocated parking bay, and there are additional visitor spaces. The block waste disposal is via enclosed bin stores. The communal garden areas are maintained.
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
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FAQ
About 21, Regency Apartments, Killingworth
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