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See how verdicts work2-bedroom flat · NE38 7NP
Listing removedReduced £3k (−4.3%) on 28 JunListed 218 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented two-bedroom upper floor flat featuring a private balcony with attractive views over playing fields and mature trees.
The accommodation includes: -Secure communal entrance with intercom system.
-Private hallway -Two bedrooms -Spacious lounge/diner -Fitted kitchen with balcony access On-street parking bays are available to the front of the property.
Ideally located close to the centre of Washington, the flat is within walking distance of The Galleries shopping centre and benefits from excellent public transport links, as well as convenient access to the A1 and A19 for commuting.
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
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FAQ
About 29, Biddick Village Centre, Tyne and Wear
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