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See how verdicts work2-bedroom flat · NE24 3UH
Sold STCListed 76 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Step out your front door and you're seconds from the sand, the sea and the green open space of Ridley Park. This first-floor South Shore apartment puts coastal living at the heart of everyday life.
Inside, the property offers a bright open-plan lounge with Juliette balcony flowing into a stylish, contemporary kitchen.
Two comfortable double bedrooms and a modern white bathroom suite complete the layout.
The building benefits from a secure entry system, and the apartment comes with an allocated parking bay along with access to attractive communal gardens.
With the beach directly opposite—and one of the North East's most loved fish and chip restaurants just along the promenade—this is a fantastic spot for anyone wanting to enjoy a relaxed, coastal lifestyle.
Offered with no upper chain. Interest in this property will be high call or email to arrange your viewing.
PROPERTY DESCRIPTION: ENTRANCE PORCH: wooden door ENTRANCE HALLWAY: single radiator LOUNGE: (front): 12'15 x 20'16, (3.70m x 6.14m), double glazed window to front and double radiator.
KITCHEN: (rear): 12'13 x 6'70, (3.69m x 2.04m), double glazed window to front, double radiator, range of wall floor and drawer units with coordinating roll edge work surfaces, stainless steel nit and drainer with mixer tap, electric fan assisted oven, gas hob with extractor fan above as well as plumbed area or washing machine.
FAMILY BATHROOM: 3 piece suite comprising panelled bath with shower over, pedestal wash hand basin and low level wc, double glazed window to rear, single radiator, and part tiling to walls.
BEDROOM ONE: (rear): 10'89 x 10'88, (3.31m x 3.31m), double glazed window to rear.
BEDROOM TWO: (front): 12'29 x 7'67, (3.74m x 2.36m) PRIMARY SERVICES SUPPLY Electricity: Mains Water: Mains Sewerage: Mains Heating: Gas Central Mobile Signal Coverage Blackspot: No Parking: Allocated space MINING The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.
Confirmation should be sought from a conveyancer as to its effect on the property, if any.
BUILDING WORKS Any known planning permissions or proposals in the immediate locality: No Outstanding building works at the property: No 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: 125 years from 2006 Ground Rent: £300 per year Service Charge: £134 per Month
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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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
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FAQ
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