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See how verdicts work2-bedroom flat · NE23 6LA
For saleReduced £5k (−4.8%) on 21 JunListed 162 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented, two bedroomed ground floor flat occupying an end site in a cul de sac.
The property, offered for sale in excellent order, is equipped with gas fired combi central heating, double glazed windows, re-fitted kitchen with built in cooker, re-fitted bathroom with shower, both bedrooms with built in wardrobes .
To the rear there is an enclosed south facing garden and a garage in a block.. On street parking adjacent. Leasehold 82 years remaining.
Ground Rent £375 Council Tax A EPC Rating D Living Room (4.57m (15'0") x 3.35m (11'0")) Tv point, designer radiator, laminate flooring Kitchen (2.67m (8'9") x 2.13m (7'0")) Fitted with a range of contrasting grey and white base and wall units with drawers, cupboards and laminate worktops, integrated Smeg ceramic hob and fan assisted oven, sink unit with mixer tap, plumbing for washing machine, designer radiator, laminate flooring Bedroom 1 (3.73m (12'3") x 2.74m (9'0")) Designer radiator, set of built in wardrobes Bedroom 2 (2.92m (9'7") x 2.97m (9'9")) Designer radiator, two built in wardrobes, one containing Main Eco gas combi central heating boiler Bathroom White suite of panelled bath with glazed shower screen and mains shower, wash basin on vanity unit, low level wc set, designer radiator - towel rail, fully tiled walls Externally The property occupies an end site including a south facing rear garden with block paved patio, lawn and timber fencing.
Garage in block nearby Tenure Leasehold. 82 Years remaining. Ground Rent £375.
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
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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
Agent & docs
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FAQ
About 35, Cramond Way, Cramlington
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