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See how verdicts work2-bedroom flat · NE23 1RN
Listing removedListed 164 days
Opportunity summary
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About
*** FIRST FLOOR FLAT - EXTENDED LEASE - NO UPPER CHAIN - PARKSIDE - GARAGE - CENTRAL LOCATION - SOUGHT AFTER ESTATE *** Mike Rogerson Estate Agents are delighted to welcome to the sales market this well positioned first floor flat situated on Newlyn Drive, Parkside, Cramlington.
Situated on the popular Parkside estate in Cramlington, this well located two bedroom first floor flat offers convenient access to a wide range of local amenities, making it ideal for first-time buyers, downsizers or investors.
Newlyn Drive is positioned within easy reach of Manor Walks Shopping Centre, which provides an excellent selection of shops, supermarkets, cafés, restaurants, leisure facilities and everyday services.
The area is well regarded for its strong transport links, with Cramlington train station nearby offering direct routes to Newcastle and beyond, while the A19 and A1 are easily accessible for commuting across the region.
Parkside is a popular residential area known for its family-friendly environment, nearby green spaces and good local schools including Shanklea Primary School and Cramlington Learning Village.
Residents also benefit from close proximity to local parks, sports facilities and walking routes.
The property is ideally placed for both convenience and lifestyle, combining a quiet residential setting with excellent access to town centre amenities and transport connections Further benefits include no upper chain, allowing for a potentially smoother and quicker transaction process, making the property particularly appealing to buyers looking for a straightforward purchase with the possibility of an earlier completion.
The property briefly comprises an entrance with stairs leading to the first floor accommodation.
The landing provides access into a bright and spacious lounge, creating a comfortable living space which flows openly through to the fitted kitchen, offering a practical layout ideal for modern day living.
An inner hallway leads to the well proportioned principal bedroom, a second bedroom which could also lend itself perfectly as a guest room, nursery or home office, and a bathroom fitted with a contemporary white suite comprising panelled bath with shower over, wash hand basin and low level W.C.
The property benefits from a light and airy feel throughout and presents an excellent opportunity for a variety of purchasers seeking accommodation within this popular residential location and also further benefitting from a boiler which was installed in January 2024.
Externally, the property benefits from a pleasant lawned garden to the front elevation, providing an attractive outdoor space and enhancing the property’s kerb appeal.
To the rear, there is a garage situated within a separate block, offering useful off street parking or additional storage space.
The surrounding residential setting further adds to the appeal of this well located home.
The property further benefits from a recently extended lease, effective from 29th April 2025, with approximately 137 years remaining and with an annual ground rent of £15.00.
This provides long term security and added peace of mind for prospective purchasers, whilst also enhancing the property’s future marketability and mortgage appeal.
To arrange a viewing please contact the Cramlington branch or email for further information.
Externally Situated on the popular Parkside estate in Cramlington, this well located two bedroom first floor flat offers convenient access to a wide range of local amenities, making it ideal for first-time buyers, downsizers or investors.
Newlyn Drive is positioned within easy reach of Manor Walks Shopping Centre, which provides an excellent selection of shops, supermarkets, cafés, restaurants, leisure facilities and everyday services.
The area is well regarded for its strong transport links, with Cramlington train station nearby offering direct routes to Newcastle and beyond, while the A19 and A1 are easily accessible for commuting across the region.
Stairs To First Floor Landing The entrance to the first-floor flat is accessed via an external staircase leading to a private entrance door.
Upon entering, the hallway provides access to all principal rooms within the property Lounge 12' 6'' x 12' 6'' (3.81m x 3.82m) The lounge is situated to the front elevation of the property, benefitting from an abundance of natural light through the front facing windows and creating a bright and welcoming living environment.
The room offers ample space for both seating and dining furniture, making it ideal for relaxing and entertaining.
Open access from the lounge leads directly into the kitchen area, creating a sociable open-plan arrangement that enhances the sense of space and flow throughout the property.
Kitchen 6' 9'' x 8' 10'' (2.07m x 2.68m) The kitchen is fitted with a range of laminated wall, drawer and base units, providing ample storage and worktop space for everyday use.
Designed with practicality in mind, the layout offers plenty of room for the positioning of white goods and additional appliances, whilst maintaining a functional and efficient workspace.
The kitchen complements the open plan living arrangement perfectly, creating a versatile area ideal for both cooking and entertaining.
Hallway The hallway connects seamlessly to all rooms within the flat.
Bedroom One 9' 9'' x 12' 6'' (2.97m x 3.80m) The principal bedroom is located to the front elevation of the property and enjoys a bright and airy aspect through the front-facing window.
This well-proportioned double bedroom offers generous floor space, comfortably accommodating a double bed alongside additional freestanding furniture such as wardrobes, drawers and bedside cabinets.
The room provides a pleasant and relaxing environment, ideal as a spacious main bedroom.
Bedroom Two 9' 8'' x 9' 9'' (2.95m x 2.97m) The second bedroom is situated to the rear elevation of the property, enjoying a quieter aspect and offering a comfortable and versatile living space.
Well proportioned in size, the room is capable of accommodating a bed along with additional bedroom furnishings, making it suitable for use as a guest bedroom, child's room, dressing room or home office.
The rear-facing position also allows for a pleasant outlook and a good degree of privacy.
Bathroom 6' 6'' x 6' 6'' (1.97m x 1.99m) The bathroom is fitted with a white three-piece suite comprising a panelled bath with shower attachment over, a wash hand basin and a low level WC.
The room is designed with practicality and ease of maintenance in mind, offering a clean and functional space suitable for everyday use Garage The property further benefits from a garage situated within a block to the rear, providing useful secure storage or off road parking.
In addition, there is ample parking available for residents and visitors, adding to the overall convenience and practicality of the property. EPC Graph
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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.
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