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 · NE29 6DP
Sold STCListed 265 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** SUPERB TWO BEDROOM TOP FLOOR APARTMENT WITH PRIVATE BALCONY & RIVER VIEWS ** ** COMMUNAL ENTRANCE WITH LIFT ACCESS TO ALL FLOORS ** MODERN KITCHEN ** ** UNDERGROUND PARKING BAY WITH ELECTRONIC GATES ** CHAIN FREE & READY TO MOVE INTO ** ** COUNCIL TAX BAND B ** 125 YEAR LEASE FROM 2003 ** ENERGY RATING C ** Communal Hallway - Communal hallway with intercom entry system and lift access to property.
Entrance Lobby - Door leading into the entrance lobby, inner door to the hallway. Hallway - Electric heater, two cupboards.
Lounge - 3.71 max x 3.55 max angular (12'2" max x 11'7" max - Double glazed French doors leading onto the balcony, electric heater, open plan to kitchen area.
Kitchen Area - 3.13 x 2.22 (10'3" x 7'3") - Fitted with a modern range of wall and base units with work surfaces over, integrated oven and hob with extractor fan over, 1.5 bowl sink unit, integrated washing machine.
Bedroom 1 - 3.34 x 3.00 (10'11" x 9'10") - Double glazed window, electric heater. Bedroom 2 - 3.00 x 2.94 max angular (9'10" x 9'7" max angular) - Double glazed window, electric heater.
Shower Room - 2.71 x 1.77 (8'10" x 5'9") - Comprising; shower cubicle, WC and wash hand basin with fitted furniture surrounding, panelling to walls, electric towel rail.
Balcony - There is a private balcony with river viewss. Parking - There is a secure underground parking bay which has remote control electronic gates.
Lease, Ground Rent & Service Charges - The property has a 125 year lease dated from 01/01/2003. Ground rent is £100 per year.
There is also a service charge which includes buildings insurance and water rates this is £1,903.71 per year.
Material Information - BROADBAND AND MOBILE: At the time of marketing we believe this information is correct, for further information please visit EE-Variable in-home, good outdoor O2-Good (outdoor only) Three-UK-l Variable in-home, good outdoor Vodafone_Variable in-home, good outdoor We recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
FLOOD RISK: Yearly chance of flooding: Rivers and the sea: Very low. Surface water: Very low. CONSTRUCTION: Traditional - This information must be confirmed via your surveyor and legal representative.
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 Commissioners Wharf, North Shields
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