2-bedroom flat · NE43 7JP
For saleListed 107 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**50% share equity**first floor**well presented**allocated parking space**no upper chain**well presented** This first floor flat is very well presented with vacant possession.
There are two storage cupboards, two bedrooms, a very attractive modern shower room, spacious lounge and a modern fitted kitchen with integrated fridge freezer and washing machine with fitted gas hob, electric oven and microwave.
There are attractive communal gardens and an allocated parking space. A great opportunity! Ideal first time buy. Available with no upper chain.
There are attractive communal gardens and an allocated parking space.
The property is available as a 50% shared ownership and you rent the 50% from Castles & Coasts Housing Association The rent is £167.90 pcm and the Service charge is £109.01 pcm.
A potential buyer could offer to buy 75% or 100% of the leasehold interest if the preferred (ask agent) There are approximately 90 years remaining on the lease, which was extended in 2018.
A great opportunity and an Ideal first time buy. Available with no upper chain. Services Mains electricity, mains drainage and mains water are connected. Gas central heating. Tenure Leasehold.
Council tax band: B directions WHAT3WORDS: Every three metre square of the world has been given a unique combination of three words.
Referral fees In accordance with the Estate Agents’ (Provision of Information) Regulations 1991 and the Consumer Protection from Unfair Trading Regulations 2008, we are obliged to inform you that this Company may offer the following services to sellers and purchasers from which we may earn a related referral fee from on completion, in particular the referral of: Conveyancing where typically we can receive an average fee of £100.00 plus VAT.
Surveying services we can typically receive an average fee of £100.00 plus VAT.
Mortgages and related products our average share of a commission from a broker is typically an average fee of £150.00 plus VAT, however this amount can be proportionally clawed back by the lender should the mortgage and/or related product(s) be cancelled early.
Removal Services we can typically receive an average fee of £60 plus of VAT.
Making an offer Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain.
Under Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
Agents note Whilst we endeavour to make our particulars accurate and reliable, they should not be relied on as a statement or representations of fact, and do not constitute any part of an offer or contract.
The owner does not make or give, nor do we or our employees have authority to make or give any representation or warranty in relation to the property.
We have not checked or tested any appliances mentioned (including heating systems or electrical fittings) therefore working order cannot be confirmed. All measurements are given to the nearest 5cm.
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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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Ford Rise,Flat 10, Birches Nook, Stocksfield
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