3-bedroom flat · NE28 7SF
Listing removedListed 161 days
Opportunity summary
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About
** THREE BEDROOM FIRST FLOOR FLAT ** NEWLY DECORATED & READY TO MOVE INTO ** ** GREAT FIRST TIME BUY ** CLOSE TO AMENITIES, TRANSPORT LINKS AND SCHOOLS ** ** WITHIN WALKING DISTANCE TO RICHARDSON DEES PARK, "THE GREEN" AND METRO STATION ** ** LONG LEASEHOLD 999 YEARS FROM 2005 ** COUNCL TAX BAND A ** ENERGY RATING D ** Entrance - Entrance door, stairs to the first floor accommodation.
Landing - Access to the loft,lounge and bedrooms, Lounge - 4.58 x 3.91 (15'0" x 12'9") - Double glazed window, radiator, laminate flooring. Feature Fireplace.
Addtional Image - Feature Fireplace Kitchen - 2.87 x 2.17 (9'4" x 7'1") - Fitted with a range of wall and base units with work surfaces over, sink unit.
integrated oven and hob with extractor hood over. Double glazed window, radiator. Rear Lobby - Stairs leading to the rear yard.
Bathroom - 2.78 x 1.77 (9'1" x 5'9") - Comprising; bath with shower attachment, WC and wall mounted wash hand basin.
Double glazed window, tiling to walls and floor, radiator and cupboard housing the boiler. Bedroom 1 - 4.05 x 3.95 (13'3" x 12'11") - Double glazed window, radiator and laminate flooring.
Bedroom 2 - 3.32 x 2.31 (10'10" x 7'6") - Double glazed window, radiator. Bedroom 3 - 2.84 x 2.30 (9'3" x 7'6") - Double glazed window, radiator.
External - Externally there is a shared yard to the rear. Lease - The property has a 999 year lease dated from 2005 with no ground rent.
Material Information - BROADBAND AND MOBILE: At the time of marketing we believe this information is correct, for further information please visit Various factors can affect coverage, such as being close to large trees or buildings when outdoors, or the thickness of walls if you’re inside a building.
This means there may be differences between the coverage prediction and your experience.
EE- Good outdoor and in-home O2- Good outdoor Three-Good outdoor, variable in-home Vodafone - Good outdoor We recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
FLOOD RISK: Yearly chance of flooding: Surface water: Very low. Rivers and the sea: Very low. CONSTRUCTION: Traditional This information must be confirmed via your surveyor and legal representative.
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.
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