2-bedroom flat · NE66 1PA
For saleListed 90 days
Opportunity summary
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About
An excellent two bedroom ground floor apartment, located in a tucked away & quiet location in the modern apartment building, Hotspur Court, with French doorsopening onto the communal gardens and courtyard area to the side - allocated parking for one car - No Upward Chain.
The property is well positioned in this excellent purpose built apartment development, with easy access from Bondgate Within, and only minutes from The Playhouse & Cafe, Barter Books, Alnwick Garden and the many independent shops, cafes, pubs & restaurants.
The apartment would suit a wide variety of buyers as a possible main home, second home, or investment - the property has been successfully tenanted for a number of years.
Accommodation - Secure communal entrance with lift and stair access to the rear exit to the car park | Ground floor entrance | Hallway | Generous open plan sitting room and kitchen, with French doors opening the attractive communal courtyard garden, and secure entry phone | Kitchen fitted with a range of cabinets, with a stainless streel sink, gas hob & extractor, integrated oven, microwave, and fridge/freezer | Internal utility room with fitted cabinets, a stainless steel sink, plumbing for a washing machine, and a recently installed gas Baxi boiler (2021) | Bedroom one has a window overlooking the courtyard | Bedroom two has a window to the courtyard | Shower room with walk in mains shower, wash hand basin in a vanity unit, WC and a ladder radiator.
Externally - the apartment has one allocated parking space in the rear car park | Attractive & well maintained communal gardens.
Services: Mains Electric, Gas, Water & Drainage | Gas Central Heating | Tenure: Leasehold | Lease Remaining: 977 Years | Service Charge: £2,380 per annum | No Ground Rent | Council Tax: Band B | EPC: B
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.
Area
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FAQ
About Hotspur Court, Alnwick, Northumberland
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