2-bedroom flat · NE25 9YA
Under offerListed 19 days
Opportunity summary
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About
SUPERBLY SITUATED, WELL UPDATED, MAINTAINED AND BEAUTIFULLY PRESENTED TWO BEDROOMED GROUND FLOOR APARTMENT.
This property has the advantage of uPVC double glazing, gas central heating (‘Baxi’ combi boiler with radiators), living room with an abundance of natural light & feature fireplace, refitted kitchen, refitted shower room with shower replacing bath, 2 bedrooms, hallway with fitted storage, and a private rear garden with side access.
The apartment is in excellent decorative order and ready for immediate occupation.
This property is aimed at prospective buyers who are purchasing a 70% stake in the property, the other 30% being retained by the Housing Association.
The accommodation on offer briefly comprises: On the ground floor : entrance lobby, hall, lounge, kitchen, shower room and 2 bedrooms. Externally : gardens to the front and rear.
Newsteads Close is a much sought after cul-de-sac maintained by Castles and Coasts Housing Association which provides affordable housing for the over 55’s.
This property is perfectly situated within easy walking distance of Sainsbury’s supermarket, West Monkseaton Metro station and there is also a bus stop on Newsteads Drive.
NO UPPER CHAIN ON THE GROUND FLOOR: COMPOSITE FRONT DOOR ENTRANCE LOBBY: tiled floor. HALL: radiator and 3 large, fitted store cupboards.
LOUNGE: at the front 11'8" x 18'3" (3.56m x 5.56m max overall measurement) 2 radiators, fireplace and uPVC double glazed window with venetian blinds.
REFITTED KITCHEN: at the rear 9'7" x 7'9" (2.92m x 2.36m) fitted wall and floor units, electric hob with extractor hood above, 'Logik' electric oven, plumbing for washing machine, radiator, 'Baxi' combi boiler, uPVC double glazed window with venetian blinds and uPVC double glazed door to rear garden.
2 BEDROOMS No. 1: at the rear 10'9" x 11'4" (3.28m x 3.45m) plus double fitted wardrobe, radiator and uPVC double glazed window with venetian blind. No.
2: at the front 5'11" x 12'3" (1.80m x 3.73m) radiator and uPVC double glazed window with venetian blind.
REFITTED SHOWER ROOM: 7'9" x 5'4" (2.36m x 1.63m) tiled floor, panelled walls, large walk-in shower cubicle, vanity unit, low level WC, upright stainless-steel towel radiator and uPVC double glazed window.
EXTERNALLY: GARDENS: there is a small front garden, gated side entrance and rear garden which is paved for easy maintenance. TENURE: Leasehold. Leasehold.
We understand that Castles and Coast Housing will renew the lease with a 99 year term as part of the purchase.
We believe the current Maintenance Charge is £113.60 per month which covers buildings insurance, maintenance of shared gardens, exterior lighting and gas service agreement. Council Tax Band: A
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.
Area
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FAQ
About Newsteads Close, Whitley Bay, Tyne and Wear, NE25 9YA
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