3-bedroom house · NE38 8DS
Listing removedReduced £5k (−7.1%) on 21 AugListed 108 days
Opportunity summary
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About
** an expected rental income of £750-800 pcm on completion of upgrading works making it an ideal investment with A high yield ** A well proportioned three bedroom terraced property set within this conveniently positioned housing estate within washington, positioned close to the A1231 and the A19 amongst other making it ideal for commuters.
The property is being sold with current vacant possession and no onward chain.
The property offers an entrance hall, A spacious open plan lounge / dining room, and A kitchen to the groundfloor whilst to the first floor are three well sized bedrooms and A family bathroom.
There is A communal yard area to the rear with an allocated garage within A row, whilst there is A garden to the front which looks out onto A central 'green' area.
The property requires some internal modernisation and upgrading so is priced accordingly to reflect its current condition.
Entrance Hall Lounge / Dining Room (6.243 (3.347) x 4.429 (2.532) (20'5" (10'11") x 14) Kitchen (2.296 x 3.271 (7'6" x 10'8")) ** First Floor ** Bedroom 1 (3.185 x 3.573 (10'5" x 11'8")) Bedroom 2 (3.229 x 2.593 (10'7" x 8'6")) Bedroom 3 (2.921 x 2.46 (9'6" x 8'0")) Bathroom ** Exterior ** Gardens And Garage To the rear of the property is a yard area which is shared / utilised with the neighbouring property, which houses this properties own individual 'outhouse' which is home to the electric meters / fuse-box.
Beyond the yard is a communal parking area which is also home to numerous Garages, one of which belongs to this property.
To the front is a private Garden, with fenced boundaries which backs on to a communal 'Green' area.
Value & comps
No previous sales on record.
Returns
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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 112, Waskerley Road, Washington
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