2-bedroom flat · NE45 5BP
For saleListed 219 days
Opportunity summary
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About
A spacious and distinctive two-bedroom apartment with mezzanine accommodation, situated within the popular Chains Drive development within the heart of Corbridge and enjoying views across the Chains.
The Property This well-presented top floor apartment offers generous accommodation centred around an impressive open-plan living space with vaulted ceiling and mezzanine above.
The entrance hall leads into a bright lounge and dining area with three windows overlooking the Chains and ample space for both seating and a kitchen table.
The adjoining kitchen is fitted with a range of wall and floor units which include integrated appliances comprising oven, hob with extractor, dishwasher, washer dryer and fridge freezer.
A staircase from the kitchen leads to the mezzanine level.
Also accessed off the Hallway is the principal bedroom which is a spacious double bedroom with fitted wardrobes and two windows providing good natural light.
The bathroom is fitted with a bath with shower over, wash hand basin set within a vanity unit and WC.
The mezzanine level provides a second bedroom, creating a distinctive and versatile space with a Velux window.
The mezzanine has the benefits of an en-suite shower room fitted with a shower cubicle, wash hand basin and WC, together with a Velux window. A fire exit provides access to the staircase.
External The property benefits from a designated car port providing covered parking, together with additional visitor parking within the development.
The apartment also enjoys an attractive outlook across the Chains, providing a charming open outlook Location Chains Drive forms part of a well-regarded residential development within the highly desirable and historic village of Corbridge, set in the heart of the picturesque Tyne Valley.
The village offers an excellent range of everyday amenities including independent shops, restaurants, pubs, medical and community services, together with a local garage.
The market town of Hexham provides a wider range of shops, supermarkets, professional services, leisure facilities, cinema, theatre and hospital.
The village benefits from a First and Middle School, with the highly regarded Queen Elizabeth High School available in Hexham.
Corbridge is well placed for commuters, with easy access to the A69 linking Newcastle and Carlisle, a local railway station providing regular services, and convenient access to Newcastle International Airport.
Mileages (Approximately) Hexham 4 miles | Newcastle International Airport 17 miles | Newcastle City Centre 16 miles Services | Mains Electricity, Gas, Water and Drainage Council Tax | Band C Tenure | Leasehold (Lease Term 125 Years from 1 January 2004) Ground Rent |£100 per annum Service Charge | £186.09 per calendar month (£2,233.08per annum ?
reviewed annually) EPC Rating| C76 Agents Note These particulars do not form any part of any offer or contract.
They are intended to provide a fair description of the property but neither Anton Estates nor the Vendor accept any responsibility for any error they may contain, however caused.
Any intending purchaser must therefore satisfy themselves by inspection or otherwise as to their correctness.
Neither Anton Estates nor any of their employees has any authority to make or give any further representations or warranty in relation to this property
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
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FAQ
About Chains Drive, Corbridge, Northumberland, NE45
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