1-bedroom flat · NE37 3EF
Listing removedListed 121 daysAuction 13 Jul · ended
Opportunity summary
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About
Auction Commencing on Monday 13th July from 1pm and ending 24 hours later on Tuesday 14th July from 11am with Auction House North East Please register to bid via our website - auctionhouse.co.uk/northeast A spacious one bedroom duplex apartment with excellent investment potential, set within the popular Collingwood Court development in Washington.
A spacious one bedroom duplex apartment located within the popular Collingwood Court development in Washington.
Requiring a programme of refurbishment throughout, the property offers excellent potential for investors, landlords or owner occupiers looking for a project.
The accommodation is arranged over two floors and briefly comprises an entrance hallway, fitted kitchen, bathroom, spacious living room and a well-proportioned double bedroom.
Externally, the development benefits from communal gardens and parking nearby.
Well positioned for access to local amenities, The Galleries shopping centre, transport links and major road networks including the A1(M) and A19. Leasehold. EPC Rating E.
Accommodation Lower Floor - Entrance Hallway, Kitchen, Bathroom and Living Room. Upper Floor - Bedroom. Tenure Leasehold. Please refer to legal pack for further information.
Additional Information For enquiries please contact the Washington office. Viewings Strictly by appointment only.
Tenure: Leasehold EPC Rating: E Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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
About 143. Collingwood Court, Washington, Tyne and Wear NE37 3EF
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