Studio flat · NE28 9TX
For saleListed 14 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A first-floor studio apartment with a separate kitchen, dressing area, shower room and allocated parking space to the rear.
The accommodation is accessed via a communal hallway with front and rear entrance doors.
Inside, the main living room/bedroom has a large window which floods the room with natural light, a fold-down bed which fits neatly into storage completes the room.
There is a separate fitted kitchen with a range of wall and base units, work surfaces, sink and drainer, integrated electric hob and oven, together with an undercounter fridge/freezer and washer/dryer.
Off the main room is a separate dressing area with storage, dressing surface and wall-mounted mirror, as well as an additional storage cupboard.
The shower room is fitted with a shower enclosure, pedestal wash basin and WC.
Externally, there are communal lawned areas surrounding the building and a communal car park to the rear, where the property benefits from an allocated parking space.
Within easy reach of good transport links and a bus stop just 2 mins away. This property really does offer an attractive investment opportunity and is well suited for the rental market.Leasehold.
125 years from 25/12/2016 , years remaining 114 , Service charge including ground rent £131.00 per month EPC: D, Council Tax Band: A, Gas, Electric, Water, Heating, Drainage: Mains Connected.
Broadband: FTTC, Mobile Phone Blackspot: No 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.
Agents Note: "Please note that a non-refundable AML fee is chargeable once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks".
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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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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