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See how verdicts work3-bedroom semi-detached house · NE28 9JP
Sold STCListed 69 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
• THREE BEDROOM SEMI DETACHED HOUSE • SUPERBLY PRESENTED & READY TO MOVE INTO • • MODERN KITCHEN & BATHROOM • OFF STREET PARKING FOR TWO VEHILCLES • UTILITY ROOM • • CONSERVATORY • LOVELY LOW MAINTENANCE GARDEN TO REAR • FANTASTIC FIRST TIME BUY • • ROAD LINKS TO THE A1058 COAST ROAD A19 • NEARBY SCHOOLS SHOPPING FACILITIES • • COUNCIL TAX BAND A • 999 YEAR LEASE FROM 1936 • ENERGY RATING TBC • Porch - 1.72 x 1.09 (5'7" x 3'6") - Double glazed entrance door with windows to the side, half glazed inner door leading into the property.
Lobby - Stairs to the first floor landing, wood flooring, radiator. Lounge - 4.01 x 3.50 (13'1" x 11'5") - Double glazed window, fireplace with gas stove fire, wood flooring, radiator.
Dining Area - 2.68 x 2.50 (8'9" x 8'2") - Wood flooring, radiator and double glazed sliding doors leading into the conservatory.
Conservatory - 2.83 x 2.44 (9'3" x 8'0") - Double glazed windows, laminate flooring, radiator and external door to the rear garden.
Kitchen - 4.20 x 2.64 max (13'9" x 8'7" max) - Fitted with a range of wall and base units with work surfaces over and sink unit, integrated oven and hob with extractor over, integrated fridge and dishwasher, double glazed windows, laminate flooring, vertical radiator and external door to the rear garden.
Utility Room - 3.56 x 1.83 (11'8" x 6'0") - Wall and base units with work surfaces over, plumber for washing machine, laminate flooring, radiator and external door leading to the front.
Landing - Double glazed window, access to bedrooms and bathroom. Bedroom 1 - 2.85 x 2.72 (9'4" x 8'11") - Double glazed window, laminate flooring, radiator.
Bedroom 2 - 4.13 x 2.01 max (13'6" x 6'7" max) - Double glazed window, fitted wardrobes, laminate flooring, radiator.
Bedroom 3 - 3.04 x 1.92 (9'11" x 6'3") - Double glazed window, fitted wardrobes, laminate flooring, radiator.
Bathroom - 1.98 x 1.68 (6'5" x 5'6") - Comprising; bath with shower over, WC and wash hand basin with fitted furniture surrounding, double glazed window, ladder style radiator and tiling to walls.
External - Externally the front has decorative paving and provides off street parking for two vehicles.
There is a lovely low maintenance garden to the rear that has artificial grass, paved patio areas and composite decking. There is also a shed for storage.
Lease Information - The property has a 999 year lease dated from 01/05/1936, ground rent is £3.17 per year.
Material Information - BROADBAND AND MOBILE: At the time of marketing we believe this information is correct, for further information please visit EE-Good outdoor and in-home O2-Variable outdoor Three-UKGood outdoor and in-home Vodafone-Good outdoor, variable in-home We recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
FLOOD RISK: Yearly chance of flooding: Surface water: Very low. Rivers and the sea: Very low. CONSTRUCTION: Traditional This information must be confirmed via your surveyor and legal representative.
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 Rae Avenue, Wallsend
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