2-bedroom flat · NE28 7RY
Sold STCListed 31 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Hive Estates present to the market this well-presented two bedroom upper Tyneside flat, situated on Westmorland Street in Wallsend.
Offering spacious and versatile accommodation, the property would make an ideal home for first-time buyers, couples or investors.
The living room is neutrally decorated with grey carpets, plenty of natural light and useful alcove shelving, creating a stylish media wall effect.
The kitchen is a generous space, fitted with white shaker-style cabinets, black worktops and grey wood effect laminate flooring.
A breakfast bar provides additional seating, while there is ample room for freestanding appliances and direct access to the rear yard.
The master bedroom is a spacious and bright room with large windows, neutral decor, grey carpets and plenty of space for storage.
The second bedroom offers excellent versatility and could be used as a bedroom, home office, dressing room or nursery.
The large bathroom features grey patterned wall cladding and complementary flooring, with a bath, separate shower, vanity unit with basin, WC and heated towel rail.
Externally, the property benefits from access to a shared rear yard, providing a useful outdoor space for entertaining or additional storage.
Westmorland Street is well placed for local amenities, bus and Metro routes, green spaces and well-regarded schools including Wallsend Church of England Primary School.
Lounge/Diner (4.30 x 3.90 (14'1" x 12'9")) Kitchen (2.70 x 2.50 (8'10" x 8'2")) Bedroom 1 (4.35 x 3.70 (14'3" x 12'1")) Bedroom 2 (4.25 x 3.30 (13'11" x 10'9")) Bathroom (1.60 x 2.50 (5'2" x 8'2"))
Value & comps
No previous sales on record.
Returns
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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
FAQ
About 23, Westmorland Street, Wallsend
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