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 work1-bedroom flat · NE45 5ES
For saleReduced £7.5k (−6.4%) on 25 OctListed 461 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the very desirable Tyne Valley village of Corbridge, this is a newly built retirement complex for people aged 60 years or over.
The development sits in large mature gardens with various outdoor seating areas, together with extensive private parking facilities.
This first floor apartment itself is being offered with immediate vacant possession and no ongoing chain.
The complex also has a communal reception hall with a lift and a communal living room with a wide range of activities that take place every week.
The accommodation of course, has heating and is double glazed and the sale includes all fitted carpets throughout.
These retirement apartments in Corbridge, always prove very popular and we would therefore strongly advise an early inspection in order to avoid disappointment.
BRIEFLY COMPRISING; GROUND FLOOR COMMUNAL RECEPTION HALL With access to the stairs and lift to the upper floors.
MANAGERS OFFICE MAIN RESIDENTS LIVING ROOM FIRST FLOOR COMMUNAL HALLWAYS Leading to: PRIVATE HALL Solid front door with security viewer.
Cornice ceiling with large useful walk-in storage/cloaks cupboard.
LIVING/DINING ROOM 19'3" x 11'3" (5.87m x 3.43m) A well-proportioned room with a light and airy feel and with a very pleasant outlook to the front and across the valley.
Display fireplace incorporating an electric fire. Cornice ceiling.
Double doors to: KITCHEN 7'8" x 7'1" (2.34m x 2.16m) Fitted wall and floor units with worktops over incorporating a stainless steel sink with single drainer and mixer tap over.
Four ceramic hob cooker with extractor hood above, built-in single oven and integrated fridge and tiled splash backs. circular window with views.
DOUBLE BEDROOM 13'9" x 9'1" (4.2m x 2.77m) (maximum measurement) A generous sized double room with built-in wardrobes at one end with hanging and shelving space. Cornice ceiling.
BATHROOM Panelled bath with shower over and glazed screen, wash hand basin with cupboard under, low level WC, fully tiled walls and heated towel rail.
EXTERNALLY CAR PARKING LARGE COMMUNAL GARDENS With extensive lawned areas, mature trees, bushes, shrubs and various patio areas.
SERVICES Mains electricity, mains water and mains drainage are connected. Space heating are via electric night storage heaters throughout. NOTES All new fitted carpets are included in the sale.
All curtains and light fittings are also included.
AGENTS NOTES There is an annual service charge of circa £2,441.64 per annum to cover 24 hour emergency careline system, guest suite, house manager, lift and roof patio, the buildings insurance, communal maintenance internally and externally, lighting and cleaning and maintenance of all communal areas, car park and garden maintenance.
Please note that there is a new management company in place: Select Retirement Service Ltd. The ground rent is £395 per annum and is paid in two instalments throughout the year.
TENURE: It is understood the property is Leasehold. 125 years from the 1st of February 2005. COUNCIL TAX BAND: The local authority is Northumberland County Council. The property is Council Tax Band C.
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 incl of VAT.
Surveying services we can typically receive an average fee of £90.00 incl VAT.
Mortgages and related products our average share of a commission from a broker is typically an average fee of £120.00 incl 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 incl of VAT.
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

FAQ
About Primlea Court, Aydon Road, Corbridge, Northumberland, NE45
Explore nearby