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See how verdicts work1-bedroom flat · NE62 5TS
Listing removedListed 222 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Beautifully presented top floor apartment located in the popular residential area of Choppington with excellent views over the Wansbeck River.
This apartment will appeal to most first time buyers and investors. The property offers substantial living dining room to the front, kitchen, bathroom, and one double bedroom.
Externally allocated parking is available in the private courtyard. Viewing is essential to appreciate this lovely property. Entrance Via communal door, stairs to top floor.
Wood door to: Entrance Hallway Vinyl flooring. Lounge 15.92ft x 12.49ft (4.85m x 3.80m) Three double glazed windows to front, double radiator, television point, spotlights.
Kitchen 11.73ft x 7.87ft (3.57m x 2.39m) Fitted with a range of wall, floor and drawer units with co-ordinating roll edge work surfaces, stainless steel sink unit and drainer, tiled splash backs, built in electric fan assisted oven, gas hob with extractor fan above, integrated fridge, plumbed for washing machine, spotlights, vinyl flooring.
Bedroom One 13.11ft x 11.83ft (3.99m x 3.60m) Double glazed window to rear, double radiator, fitted wardrobes.
Bathroom 9.76ft x 6.79ft (2.97m x 2.06m) Three piece white suite comprising of; panelled bath with mains shower over, pedestal wash hand basin, low level wc, spotlights, double glazed window to rear, double radiator, tiling to walls and flooring, extractor fan.
External Allocated Parking.
Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains Gas Broadband: Fibre to cabinet Mobile Signal Coverage Blackspot: No Parking: Allocated Parking Mining The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.
Confirmation should be sought from a conveyancer as to its effect on the property, if any. 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: 999 years from 1 July 2006 Service Charge: £300.00 Quartey Management Charge £1,200.00 per annum council tax band: A EPC rating: C
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
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FAQ
About 16 Riverwalk Apartments, Half Moon Street, Choppington
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