2-bedroom flat · NE33 3LT
For saleReduced £5k (−5.3%) on 26 SepListed 97 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Delighted to offer the beautifully presented two bed Ground Floor Apartment which sits within the Beacon and Bents ward, just a 14 minute walk from Sandhaven Beach and close to the town centre being ideal for those looking to downsize for level living or first time buyers wanting to be close to all the amenities.
This spacious apartment has a front south west patio terrace off the lounge, offers two bedrooms, a modern styled fitted kitchen and bathroom with shower over bath.
There's double glazing, gas central heating and an allocated parking bay. Offered with No Upward Chain, viewing is a must to appreciate the size, location and positioning of this secure home.
Communal Entrance Hall A communal hall via an entry system with doors to the ground floor apartments and stairs to all other floors.
Private Entrance Hall A good sized hall with a built in cupboard, laminate floor and a radiator Living Room (4.55 x 3.43 (14'11" x 11'3")) South west aspect with a French door to a patio area with interesting views.
Laminate floor and a radiator Kitchen (3.50 x 2.10 (11'5" x 6'10")) A modern styled kitchen with a range of wall and base units with contrasting work surfaces housing a sink unit, gas hob with oven under and filter hood over, tiled splash backs and a tiled floor, spot lights and a radiator.
There is a housing with the Baxi central heating boiler, fitted 2019.
Bathroom (3.50 x 2.10 (11'5" x 6'10")) A three piece suite in white comprising a bath with an electric shower over and a shower screen, tiled surround, vanity units with a wash basin, WC, mosaic splash back tiling and a tiled floor, built in storage cupboard, spot lights and a radiator Bedroom 1 (3.41 x 3.20 (11'2" x 10'5")) Laminate floor and a radiator Bedroom 2 (3.08 x 2.34 (10'1" x 7'8")) Laminate floor and a radiator External Paved patio area with a south west aspect.
Communal car park area with an allocated parking bay. Lockable bin store, communal gardens. Note Leasehold Title of 125 years from 2003. Ground Rent £50 per annum to Homeground.
A maintenance charge is payable to Kingston for the upkeep of all communal areas, gardening, window cleaning and includes the buildings insurance. This is currently £1647.67 per annum.
Council Tax Band B, Mains Services Connected, Flood Risk very low. Broadband Basic 17 Mbps, Superfast 80 Mbps, Ultrafast 1000 Mbps. Satellite/Fibre Tv Availability BT, Sky and Virgin.
Mobile Coverage O2, Three and Vodafone likely, EE limited
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 advisors 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
FAQ
About 3, The Bridges, South Shields
Explore nearby