2-bedroom flat · NE28 6QH
Sold STCListed 81 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
•TWO BEDROOM GROUND FLOOR APARTMENT • NEARBY SHOPS, SCHOOLS, & BUS SERVICES • • WALKING DISTANCE TO METRO STAION • ALLOCATED PARKING BAY • FANTASTIC FIRST BUY • • CHAIN FREE • 999 YEAR LEASE FROM 1999 • COUNCIL TAX BAND A • ENERGY RATING C • Communal Entrance - Intercom entry system.
Hallway - Access to all rooms, electric wall heater. Lounge - 3.30 x 4.27 - Double glazed window, electric room heater.
Kitchen - 2.74 x 3.00 - Fitted with wall and base units, integrated oven and hob, sink unit, double glazed window. Bedroom 1 - 3.38 x 3.81 - Double glazed window, cupboard, electric room heater.
Bedroom 2 - 3.38 x 1.98 - Double glazed window, electric room heater. Bathroom - Comprising; bath with shower over, WC and wash hand basin. External - Externally there is an allocated parking bay.
Material Information - BROADBAND AND MOBILE: At the time of marketing we believe this information is correct, for further information please visit EE- Good in-home and outdoor O2- Variable in-home, good outdoor Three-UK- Variable in-home, good outdoor Vodafone_ Good in-home and outdoor We recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
FLOOD RISK: Yearly chance of flooding: Rivers and the sea: Very low. Surface water: Very low. CONSTRUCTION: Traditional This information must be confirmed via our surveyor.
Lease & Service Charges - The property has a 999 year lease dated from 24/06/1999 with now ground rent. There is a services charge of around £140 per month.
Value & comps
No previous sales on record.
Returns
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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 Limekiln Court, Wallsend
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