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See how verdicts work2-bedroom flat · NE28 6QF
Sold STCListed 70 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Appealing to a wide variety of buyers is this two bedroom first floor flat in this favoured residential street.
The accommodation comprises; entrance area with stairs to the first floor, lounge, kitchen to the rear of the property with a good range of wall and base units, complimenting work surfaces built in electric hob and oven stainless steel one and a half sink with mixer tap, tiled splashback, space for appliances, door to rear yard, double glazed window and radiator.
Two bedrooms and four piece bathroom/WC. Externally to the rear is a shared rear yard which is mainly paved with walled and fenced boundaries incorporating gate to the rear lane.
The property benefits from UPVC double glazing and gas central heating. Leasehold 999 years from 25th March 1989 should you proceed with this purchase these details must be verified by your solicitor.
Virtual tour Available at link below: Please contact the Wallsend Branch for further information and viewings.
Council Tax Band: A Tenure: Leasehold Length of Lease: 962 Front External Entrance Hall With stairs to the first floor.
First Floor Landing With doors off to the lounge, bedrooms and bathroom/WC. Lounge UPVC double glazed window to the rear, gas fire set into feature surround and radiator.
Kitchen To the rear of the property with a good range of wall and base units, complimenting work surfaces built in electric hob and oven stainless steel one and a half sink with mixer tap, tiled splashback, space for appliances, door to rear yard, double glazed window and radiator.
Bedroom One UPVC double glazed window to the front and radiator. Bedroom Two UPVC double glazed window to the front and radiator.
Bathroom/WC White four piece bathroom suite comprising; bath, corner shower cubicle, hand wash basin, low level WC, tiled walls, tiled flooring, UPVC double glazed window and heated towel rail.
Rear Yard Private rear yard mainly paved with walled boundaries incorporating gate leading to the rear lane.
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
Agent & docs
FAQ
About Ford Terrace, Wallsend, Tyne and Wear, NE28 6QF
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