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See how verdicts work3-bedroom flat · DH4 6AD
For saleListed 621 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** fantastic investment opportunity - flat and two commercials *** Quite an unusual listing, this property incorporates a spacious first and second floor apartment over two seperate retail units, both occupied by settled and bustling hair and beauty businesses which of course generate rental income.
Starting with the residential accommodation, the property comprises; Attractive entry hall with feature original parque flooring and staircase leading to the main accommodation.
There is access to the rear of the property leading to the enclosed yard area.
To the first floor there is an attractive and spacious lounge and dining area, this is located to the front of the property and has attractive bay window to the lounge and windows to the front and side aspect in the dining area.
There is a kitchen hosting a range of wall and floor units, in addition to integrated oven and hob, plumbing and space for washing machine and space for tall fridge/freezer.
The master bedroom is also located on this floor and has a range of fitted wardrobes and bedside cabinets, The house bathroom is located on the first floor, with fully fitted bathroom suite including seperate shower.
To the second floor there are two further bedrooms, both able to hold double beds and associated furniture. The stairs come up into bedroom two and this leads through to bedroom three.
The residential property has been occupied by the current owners so has been well maintained and cared for, so is offered in great order.
As are the salons, both being occupied, well presented and maintained by established local businesses.
The nail salon (door number 29) has large window and access from the front for clients into main salon, whichleads through to the treatment rooms and kitchen area plus WC to the rear.
There is an internal door giving access to the main accommodation, which can be secured from the internal for residential privacy.
The hair salon (door number 28) also has large window and client entry door to the front plus store area and seperate kitchen and WC.
There is an internal door giving access to the main accommodation, which can be secured from the internal for residential privacy.
Being an income generating purchase, this one is certainly one worthy of great consideration, either as a residential purchase with that addition or a complete investment generating three seperate income streams.
Please call for more information.
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
Agent & docs
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FAQ
About 29a,, Morton Crescent, Tyne and Wear
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