1-bedroom flat · NE25 0BL
Sold STCListed 109 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
• CASH BUYERS ONLY • ONE BEDROOM FIRST FLOOR FLAT WITH OPEN PLAN LIVING AREA • • HAS A LONG TERM TENANT OF TEN YEARS IN SITU CURRENTLY PAYING £395 PCM • CHAIN FREE • • CAN BE SOLD WITH OR WITHOUT TENANT • LANDLORD REFERENCE CAN BE PROVIDED • • GARAGE IN NEARBY BLOCK • 99 YEAR LEASE FROM 1961 AROUND 34 YEARS REMAINING • • COUNCIL TAX BAND A • ENERGY RATING C • Entrance Lobby - Entrance lobby, access to living area and bathroom.
Living Area - 4.48 x 2.82 (14'8" x 9'3") - Kitchen area fitted with a range of units with work surfaces over and sink unit, double glazed window, cupboard and double glazed window with door to the side leading onto a balcony.
Bedroom - 3.56 x 2.27 (11'8" x 7'5") - Double glazed window, radiator.
Bathroom - 1.82 x 1.66 (5'11" x 5'5") - Bath with shower over, WC and wash hand basin, double glazed window, part tiled walls, radiator.
External - Externally there is a single garage situated in a nearby block. Lease & Service Charges - The property has a 99 year lease dated from 01/03/1961 with around 34 years remaining.
We have been advised that there is a service charge of around £90 per month and includes buildings insurance, this would need to be confirmed by solicitors.
Material Information - BROADBAND AND MOBILE: At the time of marketing we believe this information is correct, for further information please visit EE-Good outdoor and in-home O2-Good outdoor and in-home Three-UK-Variable outdoor Vodafone_Good outdoor We recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
FLOOD RISK: Yearly chance of flooding: Surface water: Very low. Rivers and the sea: Very low. CONSTRUCTION: Traditional This information must be confirmed via your surveyor and legal representative.
Value & comps
No previous sales on record.
Returns
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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
FAQ
About Kearsley Close, Seaton Delaval, Whitley Bay
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