2-bedroom flat · NE23 6LP
Sold STCListed 261 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroomed, ground floor flat situated facing a pedestrian walkway close to the neighbourhood shops st Glenluce Court and bus routes. The property has a re fitted kitchen and shower room.
newly fitted carpets and includes a garage in the block nearby. Vacant possession Leasehold.
Extended Lease from 2019 for 100 years EPc Rating "D" Council Tax Band "A" Entrance Porch Living Room 4.52m (14'10") x 3.43m (11'3") Two wall mounted heaters Kitchen 2.74m (9'0") x 1.98m (6'6") Fitted with a range of high gloss white base and wall units with drawers, cupboards and laminate work tops, electric cooker point, chimney style cooker hood, stainless steel sink unit with mixer tap, plumbing for washing machine Inner Hall Bedroom 1 3.86m (12'8") x 2.69m (8'10") Electric heater, two built in wardrobes Bedroom 2 3.05m (10'0") x 2.64m (8'8") built in wardrobe and cupboard Shower Room Fully lined walls, shower compartment with Redring electric shower, pedestal washbasin and low level w.c.
set, chromium ladder towel rail Externally Enclosed garden to the rear. Garage in a block nearby Tenure Leasehold 100 years from 24th April 2019 Ground Rent approx £500 pa
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 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
Agent & docs
FAQ
About Wedderlaw, Southfield Lea, Cramlington
Explore nearby
