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See how verdicts work1-bedroom flat · NE30 4HR
Sold STCListed 145 days
Opportunity summary
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About
IMMACULATELY PRESENTED ONE BEDROOM GROUND FLOOR APARTMENT SITUATED WITHIN THE POPULAR RETIREMENT DEVELOPMENT OF MARINER’S POINT IN TYNEMOUTH - OFFERED WITH NO UPPER CHAIN We are delighted to welcome to the market this well-presented and highly sought-after one-bedroom ground floor apartment which has recently been redecorated, ideally situated within this popular retirement development in Tynemouth.
The property benefits from a spacious bedroom, a bright and airy lounge overlooking the beautifully maintained communal gardens, as well as a fitted kitchen and bathroom.
Residents can also enjoy a range of excellent communal facilities, including two residents’ lounges, a conservatory, library room, laundry room, on-site house manager, Care Call system, and residents’ parking within the grounds.
This property would make an ideal purchase for anyone aged 55 and over seeking comfortable living in this highly desirable location.
Briefly comprising: the welcoming private entrance hall provides access to all principal rooms and benefits from two useful storage cupboards, offering excellent practicality and additional space.
The generous lounge is a particularly light and airy space thanks to the large front-facing window overlooking the gardens.
There is ample room for both living and dining furniture, together with a feature free-standing electric fire creating a cosy focal point.
Leading off the lounge, the kitchen is fitted with a range of base and wall units, incorporating an electric hob and oven, plumbing for a washing machine, and space for a free-standing fridge freezer.
To the front of the property, the spacious double bedroom enjoys a large double window overlooking the attractive communal gardens, allowing plenty of natural light to fill the room and creating a bright and relaxing atmosphere.
The bathroom is fitted with a suite comprising a WC, hand wash basin with vanity cupboard beneath, shower cubicle with overhead shower, and a heated towel rail.
Externally, residents can enjoy the beautifully maintained communal gardens and residents’ parking.
For added peace of mind, the apartment also benefits from an in-home alarm system should assistance be required.
This attractive apartment represents an excellent opportunity for those seeking secure and independent retirement living within a friendly and well maintained community.
Centrally located within the heart of Tynemouth which is a highly desirable area within the North East.
It has excellent road and Metro links to the centre of Newcastle - with Tynemouth Metro station being a short walk away.
Tynemouth Village centre is also a short walking distance away and offers a fantastic range of shops including a shops, restaurants and cafes.
Entrance Hallway - Lounge - 4.18m x 3.31m (13'8" x 10'10") - Kitchen - 2.64m x 2.17m (8'7" x 7'1") - Bedroom - 3.28m x 3.23m (10'9" x 10'7") - Bathroom - 2.16m x 1.94m (7'1" x 6'4") - Communal Gardens - Tenure - Leasehold Date : 25 February 1988 Term : 999 years from 24 July 1987
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 Mariners Point, Tynemouth
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