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See how verdicts work1-bedroom flat · NE40 4UZ
Listing removedReduced £7.5k (−13%) on 21 JulListed 419 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well-presented one-bedroom flat, offered for sale in good condition, provides an excellent opportunity for first-time buyers and investors alike.
The property features a spacious open-plan reception room that seamlessly connects to the modern kitchen, which comes complete with white goods included.
The open layout offers a flexible and comfortable space for both relaxing and entertaining guests.
The bedroom is designed as a single, complemented by a dressing area, catering to those seeking smart storage solutions and convenience.
The shower room is modern and functional, providing practicality for everyday living. Residents benefit from access to communal gardens, creating a pleasant outdoor setting for leisure and relaxation.
The property also includes parking facilities, offering added convenience for those with a vehicle.
Situated in a location with excellent public transport links and close proximity to local amenities, this flat provides easy access to shops, services, and commuting options.
Whether you are starting your journey on the property ladder or looking for a sound investment opportunity, this property stands out for its practical layout and appealing features.
A notable advantage is there is no onward chain, allowing for a straightforward and prompt purchase process.
With its combination of well-maintained interiors, useful amenities, and a desirable location, this flat is ideally suited to those looking for comfortable, low-maintenance living in a well-connected area.
The accommodation: Entrance: Communal entrance and stairs to the first floor.
Lounge/Kitchen: 14’7’’ 4.45m x 8’8’’ 2.64m UPVC window, fitted with a arrange of matching wall and base units with work surfaces above incorporating stainless stell sink unit with drainer, electric hob and oven, space for washing machine and fridge freezer.
Bedroom One: 8’7’’ 2.62m x 5’10’’ 1.79m UPVC window. Dressing Area: Fitted storage. Shower Room: Shower, low level wc and wash hand basin.
Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains Broadband: Unknown Mobile Signal Coverage Blackspot: No Parking: Communal parking Mining The property is not known to be on a coalfield and not known to be directly impacted by the effect of other mining activity.
The North East region is famous for its rich mining heritage and confirmation should be sought from a conveyancer as to its effect on the property, if any.
Accessibility This property has nono accessibility adaptations: • E.g. Ramp access to front door • E.g. Accessible handrail to side door • E.g. Wet room to ground floor • E.g.
Lift access to first floor Tenure Leasehold. It is understood that this property is leasehold.
Should you decide to proceed with the purchase of this property, the Tenure and associated details and costs must be verified by your Legal Advisor before you expend costs.
Length of Lease: 120 years from 1 January 2025 Ground Rent: £39 every 6 months – subject to review EPC - D
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 42, Mollyfair Close, Ryton
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