We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · NE26 2NA
For saleListed 14 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Positioned on the ground floor of Verano Apartments, this well-presented two-bedroom apartment combines a practical layout with a particularly convenient coastal location.
The accommodation centres around a bright open-plan kitchen and living space, with a generous living area alongside a fitted kitchen finished with light wood cabinetry, granite work surfaces and a breakfast bar.
There are two bedrooms, with the principal bedroom benefiting from extensive fitted wardrobes, together with a bathroom fitted with a white suite and shower over the bath.
A useful entrance hall provides fitted storage, while externally the apartment also benefits from an allocated parking space.
The position is a major part of the appeal, with Whitley Bay seafront just down the road and a broad range of shops, cafés, restaurants and transport connections close at hand.
Leasehold 999 years from 01.01.2003 (years remaining 976), Service Charge £100 per month Payable to Brannen & Partners.
Ground rent Peppercorn EPC: C, Council Tax Band: B, Gas, Electric, Water, Heating, Drainage: Mains Connected.
Broadband: Fibre to Cabinet, Mobile Phone Blackspot: No Mining: The property is not known to be on a coalfield and not known to be directly impacted by the effect of other mining activity.
The Northeast region is famous for its rich mining heritage and confirmation should be sought from a conveyancer as to its effect on the property if any.
Agents Note: "Please note that a non-refundable aml fee is chargeable once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks".
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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
.png)
FAQ
About 10 Verano Apartments, 120 Whitley Road, Whitley Bay
Explore nearby