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See how verdicts work2-bedroom flat · NE29 8DN
SoldListed 313 daysAuction 21 Jan · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
TO BE OFFERED BY ONLINE AUCTION ON 21/01/2026 11:10 As an auction property the details are subject to change. Please check our website for any updates or addendum entries.
Description *VIEWINGS AND VIDEO TOUR AVAILABLE UPON REQUEST* The property comprises a vacant ground floor two bed flat, that benefits from double glazing and eclectic heating, plus garden and garage.
Location Location Within 0.5 mile of North Tyneside General Hospital and 1.25mile north of the town centre, with bus routes and local amenities and shops nearby.
Accommodation Hall Lounge - 3.58m x 3.76m Bedroom 1 - 2.97m x 3.76m Bedroom 2 - 2.97m x 2.95m Bathroom - 1.87m x 2.00m Kitchen - 2.66m x 2.00m Outside Low maintenance rear garden and garage in block.
Tenure The property is held Leasehold for a term of 99 years from the 3rd April 2006 with approximately 79 years unexpired. The ground rent is £381.43 per annum.
EPC Energy Asset Rating is D Buyer's Administration Fee There will be a Buyer's Administration Fee of £2,500 (inc VAT) payable upon exchange of contracts. Additional Information 1.
Completion will take place 14 days from the date of exchange. 2.
The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g.
the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
3.
If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use.
The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would ma
Value & comps
No previous sales on record.
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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 starting price
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 7 Peebles Close, North Shields, Tyne And Wear, NE29 8DN
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