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See how verdicts work2-bedroom house · NE30 4HP
Sold STCReduced £25k (−8.8%) on 26 OctListed 123 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
With Open Aspect Views! An excellent opportunity to acquire this second and third floor duplex apartment enviably positioned within Arcade Park, Tynemouth.
Perfectly placed within the Tynemouth Village Conservation Area, Arcade Park is within a stone's throw of Tynemouth's historic priory and is also centrally located to everything Tynemouth has to offer including the cafes, bars, restaurants, award winning beaches and transport links including Tynemouth Metro station.
Boasting close to 1,600 Sq ft, the accommodation briefly comprises: communal entrance with stairs to first floor; private entrance hall; a 28ft open plan living with storage cupboard, dual windows, spot lighting, a spiral stairs case leading to the third floor, kitchen area with a range of fitted units, work surfaces and a breakfasting island; bedroom one with spot lighting, dual windows and sky light; bathroom complete with three piece suite.
To the third floor, a further bedroom covering the entire footprint of the property with spot lighting, two dormer windows providing open aspect views and a sky light together with an en-suite shower room with three piece suite.
Early viewings are essential.
2nd & 3rd Floor Duplex Apartment | 1,582 Sq ft (147.0m2) | Two Double Bedrooms | Open Plan Living Space | Bathroom & En-Suite Shower Room | Open Aspect Views | Excellent Location | Leasehold - 101 Years Remaining | Service Charge £3,300 Per Annum | Ground Rent £100 Per Annum | Council Tax Band D | EPC: Rating C
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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About Arcade Park, Tynemouth
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