2-bedroom flat · NE26 1AJ
Sold STCListed 140 days
Opportunity summary
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About
WELL PRESENTED TWO BEDROOM GROUND FLOOR FLAT SITUATED CENTRALLY WITHIN WHITLEY BAY - OFFERED WITH NO UPPER CHAIN Brannen & Partners welcome to the market this beautifully presented two bedroom ground floor flat, conveniently located close to local shops, Metro station and the seafront in Whitley Bay.
Boasting period features, two reception rooms, modern & well equipped kitchen and private yard.
Briefly comprising: Entrance vestibule to a welcoming and inviting hallway, leading through to the open plan lounge/diner.
Offering a wonderful space featuring high ceilings, decorative coving and two fireplaces.
The living area overlooks the front of the property with a large bay window housing fitted shutters, moving through to the dining area this room offers views over the rear yard and also has a fitted shutter.
The stylish and well equipped kitchen has a good range of fitted wall and base units with under floor heating, integrated appliances include a Bosch induction hob, oven, extractor fan, wine fridge, dishwasher and fridge/freezer.
An inner lobby benefits from fitted storage which has plumbing for a washing machine, a door offers access out to the rear yard as well as to the bathroom.
The modern bathroom comprises a bath with shower over, hand basin within a vanity unit and W.C. Externally to the rear is a private yard which could be used for off street parking if required.
Positioned centrally within Whitley Bay which is a popular coastal town with a good selection of cafés and restaurants as well as the refurbished Dome at the Spanish City.
There are good road and local transport links in to the city centre and to other coastal towns as well as highly regarded schools at all levels.
Entrance Vestibule - Hallway - Living Room - 5.07m x 3.61m (16'7" x 11'10") - Dining Room - 4.46m x 3.01m (14'7" x 9'10") - Kitchen - 3.18m x 3.02m (10'5" x 9'10") - Bathroom - 2.28m x 1.75m (7'5" x 5'8") - Bedroom One - 3.46m x 3.23m (11'4" x 10'7") - Bedroom Two - 3.15m x 2.42m (10'4" x 7'11") - Externally - Externally to the rear is a private yard which could be used for off street parking if required.
Tenure - Leasehold - Share of Freehold - 962 years remaining
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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