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See how verdicts work2-bedroom flat · NE23 6JB
Sold STCListed 319 days
Opportunity summary
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About
*** GROUND FLOOR FLAT - NO UPPER CHAIN - LARGE REAR GARDEN - CONSERVATORY - TWO BEDROOMS - 978 YEAR LEASE WITH NO GROUND RENT TO PAY !
- COLLINGWOOD CHASE - MODERN INTERIOR - GARAGE - LEECH BUILT - LOVELY PLOT - FANTASTIC FIRST TIME PURCHASE *** Mike Rogerson Estate Agents are thrilled to welcome to the market this modern two bedroom ground floor flat located on the highly sought after Winshields, Collingwood Chase in Cramlington.
Collingwood Chase is in the south east part of Cramlington.
It sits within the Cramlington South East area, and its local bus stops (e.g., Collingwood Chase on B1505) This modern ground floor flat is a Leech built flat and offers spacious accommodation and has the luxury of a large conservatory off from the kitchen.
This delightful flat is also offered with no upper chain. Cramlington is a popular town located within easy commuting distance of the Tyneside conurbation.
The shopping offered in Cramlington is large and varied, with national supermarkets and chain stores clustered around the Manor Walks shopping development, which also features a cinema and a leisure centre .
Cramlington was planned as a new town and features interconnected footpaths and cycle paths throughout, connecting the various estates and the multitude of green spaces.
The town also boasts excellent schools including the excellent Cramlington Learning Village, doctors surgeries, sports clubs, public houses and restaurants, and is connected to Newcastle and beyond via the road network and Cramlington's own train station.
Also benefitting from excellent transport links with the A1, A19 and A189 located close by .
Living here means you'll be able to enjoy ease access to Northumberland's countryside and beautiful costal towns.
This beautifully presented two-bedroom ground-floor Leech flat offers stylish, modern living throughout.
The property features an entrance porch which leads into the spacious lounge, bright and contemporary kitchen and bathroom, both finished to a high standard.
The home includes two well proportioned bedrooms with integral wardrobes to both bedrooms.
A standout feature is the spacious conservatory, providing an ideal additional living area that seamlessly connects to the outdoors.There is an impressive and generous private rear garden, perfect for relaxing or entertaining.
Completing this impressive property is a garage located in a nearby block, offering valuable additional storage or parking.
A major advantage for buyers is the impressive 978-year lease term with no ground rent payable, offering long-term security and reduced ongoing costs.
Externally Delightful ground-floor Leech flat situated within a two-storey residential block on the popular Winshields estate in Collingwood Chase, Cramlington.
It forms part of a quiet suburban cul-de-sac of similar flats and houses with a predominantly brick exterior and double-glazed UPVC doors and windows.
At the front, the flat opens directly on to a shared pedestrian pathway and communal grassed area, giving it a low-maintenance, open feel rather than a private garden.
There is ample on-street parking immediately outside, and a garage in a block opposite the property provides additional dedicated parking/storage space Entrance Porch 4' 7'' x 0' 1'' (1.40m x 0.03m) The property is entered via a practical entrance porch, providing a useful space for coats and footwear, before leading directly into the bright and welcoming lounge.
Lounge 14' 10'' x 10' 10'' (4.52m x 3.31m) The lounge is particularly spacious, offering generous floor space and a light, airy feel that makes it ideal for both relaxing and entertaining.
Ample light is provided by a large UPVC double glazed window to the front elevation.
Kitchen 8' 7'' x 7' 3'' (2.61m x 2.22m) A neutral kitchen fitted with white wall, drawer and base units, complemented by laminate worktops.
The kitchen offers space for under-counter white goods and includes an integrated induction hob and electric oven. A door provides access to the conservatory.
Conservatory 13' 1'' x 9' 6'' (3.98m x 2.90m) The flat has the added benefit of a conservatory, providing valuable extra living space and offering a particularly welcome addition to a ground-floor property.
Inner Hallway The inner hallway space provides access to the bedrooms and bathroom.
Bedroom One 11' 11'' x 10' 6'' (3.63m x 3.19m) The principal bedroom is located to the front elevation and benefits from double integrated wardrobes, providing excellent built-in storage.
Bedroom Two 9' 9'' x 8' 10'' (2.96m x 2.70m) The second bedroom is located to the rear elevation and also includes integral storage, offering additional convenience.
Bathroom 6' 8'' x 5' 5'' (2.04m x 1.64m) The modern well equipped bathroom features a contemporary white three-piece suite comprising a bath with shower over, WC and wash basin.
The room is fully tiled with neutral ceramics, providing a clean and stylish finish that is easy to maintain. An integral storage cupboard houses the baxi boiler.
Rear Elevation The rear garden is generously proportioned and east facing, featuring areas of astro-turf, additional lawned sections, and patio spaces, offering a versatile and low-maintenance outdoor area.
The garden affords ample privacy and is enclosed with a timber fence boundary. Rear Garden This fantastic garden benefits from not being overlooked making this a great space.
Garage In Block The property also benefits from a garage located in a nearby block, providing convenient off-street parking and additional storage.
EPC Graph A full copy of the energy performance certificate is available upon request.
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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