2-bedroom flat · DH4 4DH
For saleListed 23 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Presented to the market with the significant advantage of no onward chain, this spacious two-bedroom second-floor apartment offers an exceptional opportunity for buyers seeking comfortable and convenient living on The Old Brewery, Houghton le Spring.
Boasting a prime location with excellent transport links and local amenities, this property is perfectly suited for a variety of purchasers, from first-time buyers to those looking to downsize.
Upon entering the building, residents benefit from a secure telecom entry system, ensuring peace of mind.
The apartment itself is easily accessible via a well-maintained lift or stairs, leading directly to the second floor.
This feature is particularly beneficial for those with mobility considerations or when carrying shopping.
Inside, the apartment comprises a welcoming reception room, providing ample space for relaxation and dining. The layout flows seamlessly, creating an inviting atmosphere.
The property features two generously sized bedrooms, both thoughtfully equipped with fitted wardrobes, offering practical storage solutions and maximising floor space.
A well-appointed bathroom serves both bedrooms. One of the standout features of this apartment is the secure, gated car park, where residents benefit from an allocated parking bay.
This is complemented by additional visitor parking bays, ensuring convenience for guests.
The development also boasts attractive communal gardens, providing a pleasant outdoor space for residents to enjoy.
Further practical benefits include a leasehold tenure with approximately 71 years remaining, a Council Tax Band B rating, and an EPC Rating of C, indicating good energy efficiency.
The property's location on Durham Road offers easy access to major road networks, public transport, and a range of local shops, supermarkets, and leisure facilities.
Newcastle city centre is also within easy reach, providing extensive shopping, dining, and entertainment options.
This apartment represents a fantastic opportunity to acquire a well-located, secure, and spacious home with desirable features.
Early viewing is highly recommended to fully appreciate the quality and convenience this property offers.
ACCOMMODATION Communal Entrance to Stairs & Lift Access Apartment Entrance Lobby Living Room (4.70m x 4.00m) Kitchen (5.20m x 2.40m) Bedroom 1 (5.00m x 3.60m max) Bedroom 2 (2.70m x 2.00m) Bathroom (1.80m x 3.00m) MATERIAL INFORMATION The following information should be read and considered by any potential buyers prior to making a transactional decision: SERVICES We are advised by the seller that the property has mains provided GAS, ELECTRICITY, WATER and DRAINAGE.
LEASEHOLD INFO The property is leasehold. The lease is 99 years from 1 January 1999.
The ground rent per annum is approximately £50 and the service charge is approximately £633.75 per quarter which includes the maintenance of communal areas, gardens, car parks, building insurance and window cleaning.
WATER METER - Yes PARKING ARRANGEMENTS - Allocated Parking / Street Parking ELECTRIC CAR CHARGER - No MOBILE PHONE SIGNAL No known issues at the property.
BROADBAND SPEED The maximum speed for broadband in this area is shown by imputing the postcode at the following link here > FLOOD RISK RATING Please check the online flood risk checker at the following link here > NORTHEAST OF ENGLAND - EX MINING AREA We operate in an ex-mining area.
This property may have been built on or near an ex-mining site. Further information can/will be clarified by the solicitors prior to completion.
The information above has been provided by the seller and has not yet been verified at the point of producing this material.
There may be more information related to the sale of this property that can be made available to any potential buyer.
These particulars are intended to give a fair and reliable description of the property but no responsibility for any inaccuracy or error can be accepted and do not constitute an offer or contract.
All measurements are approximate and for guidance only.
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
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FAQ
About The Old Brewery, Durham Road, Houghton le Spring, Tyne and Wear, DH4 4DH
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