2-bedroom house · NE45 5ES
For saleListed 233 days
Opportunity summary
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About
This spacious first floor retirement apartment is situated overlooking the communal gardens and accessed by both stairs and lift to all floors.
Primlea Court is a well-regarded retirement building with private apartments for those over the age of fifty five.
Communal gardens and parking are enjoyed by the residents as well as shared lounge area and laundry facilities on the ground floor.
The apartments is accessed from the internal communal hallway into the private central apartment hallway. The hallway offers doors to lounge, both bedrooms, shower room and storage.
The lounge is spacious and offers windows overlooking the communal gardens and door off to the well-equipped kitchen, again overlooking the gardens.
Both bedrooms are doubles and over look the gardens, the main of which has lots of fitted storage and bedroom furniture.
The shower room is off the main hallway and offers a spacious shower cubicle with handrail and with space for assistance seating if needed.
The apartment offers ample storage with two large cupboards off the main hallway, one of which houses the utilities and water tank.
Primlea Court is within walking distance of the town centre but does also offer communal space for residents to get together.
So you have the option to lounge in your spacious well-appointed apartment, gather in the communal lounge to chat with fellow residents over a cuppa, or wander into town.
If mobility is an issue, the local bus service stops close by. Corbridge has its own train station, riverside walks, bespoke shopping as well as public houses, restaurants and cafes.
Most local supermarkets offer grocery deliveries but there is a small supermarket in the village centre, then Waitrose in Hexham is an 8 minute drive or maybe Tesco, Aldi, Lidl, B&M, The Range, as well as the stores offered on the high street.
Hexham also offers Leisure centre with swimming pool and hospital facilities.
INTERNAL DIMENSIONS Lounge: 22’8 x 10’7 narrowing to 6’8 (6.91m x 3.23m to 2.03m) Kitchen: (not square) 7’6 x 4’9 (2.229m x 1.45m) Bedroom 1: 15’4 x 9’3 (to walls) (4.67m x 2.82m) Bedroom 2: 15’4 x 9’3 narrowing to 5’3 (4.67m x 2.82m to 1.6m) Shower Room: 6’9 x 6’0 (2.06m x 1.83m) PRIMARY SERVICES SUPPLY Electricity: Mains Water: Mains Sewerage: Mains Heating: Electric Broadband: Fibre to cabinet Mobile Signal / Coverage Blackspot: No Parking: Communal Car Park 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.
ACCESSIBILITY This property has ramp access to front door and lift access to all floors. 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 2005 Service Charge: £1,753.30 per 6 months COUNCIL TAX BAND: D EPC RATING: B
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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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