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See how verdicts work2-bedroom flat · NE29 9PF
Sold STCListed 33 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
WELL PRESENTED TWO BEDROOM GROUND FLOOR FLAT SITUATED WITHIN THIS POPULAR RESIDENTIAL AREA IN PRESTON VILLAGE NORTH SHIELDS OFFERED WITH NO UPPER CHAIN We are delighted to welcome to the market this well presented two bedroom ground floor flat, conveniently located close to local shops and amenities in Preston Village.
Benefitting from good sized accommodation, newly laid carpets throughout and a private yard.
Briefly comprising: Private entrance vestibule to the hallway which offers access to all rooms and has a built in storage cupboard.
The living room offers a comfortable space with built in storage and overlooks the rear yard. Moving through to the kitchen there are fitted units with an integrated gas hob and electric oven.
From here there is access out to the rear yard and a door to the bathroom, comprising a bath with shower over, hand basin and W.C.
There are two bedrooms, one of which is particularly generous in size and features high ceilings and a large bay window overlooking the front of the property. Externally to the rear is a private yard.
The property is ideally located with a good choice of local shops and amenities, as well as good road and local transport links.
Also conveniently situated a short car ride to Tynemouth Village which is a highly desirable area located at the mouth of the River Tyne and has a good choice of restaurants, shops and beaches.
Private Entrance Vestibule - Hallway - Living Room - 3.86m x 3.75m (12'7" x 12'3") - Kitchen - 2.89m x 2.72m (9'5" x 8'11") - Bedroom One - 4.55m x 3.97m (14'11" x 13'0") - Bedroom Two - 2.90m x 2.27m (9'6" x 7'5") - Bathroom - 1.69m x 1.30m (5'6" x 4'3") - Externally - To the rear is a private yard.
Tenure - Leasehold
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 Salisbury Avenue, Preston Village
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