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See how verdicts work2-bedroom flat · NE23 6HT
For saleReduced £7.5k (−8.3%) on 10 SepListed 84 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located within the popular Collingwood Chase development in Cramlington, this ground floor flat presents an excellent opportunity for first-.
Requiring some updating, the property offers fantastic potential for a new owner to put their own stamp on it.
Offered for sale with no upper chain, early viewing is highly recommended to appreciate the accommodation on offer.
The property briefly comprises an entrance porch leading into a spacious lounge/diner, with access to the kitchen. Glazed doors from the kitchen open onto the private rear garden.
There are two double bedrooms and a wet room, completing the internal accommodation. Externally, the property benefits from a private rear garden and a garage located within a nearby block.
Entrance Porch UPVC entrance door, double glazed window to side. Lounge 10.93ft x 14.77ft (3.33m x 4.48m) Double glazed window to front, television point, coving to ceiling.
Kitchen 6.89ft x 9.10ft (2.10m x 2.77m) Double glazed window to rear, fitted with a range of wall, floor and drawer units with co-ordinating roll edge work surfaces, stainless steel sink unit and drainer with mixer tap, tiled splash backs, space for cooker, space for fridge, plumbed for washing, machine, vinyl flooring, double glazed door to rear.
Hallway Built in storage cupboard housing meters. Bedroom One 11.75ft x 8.57ft (3.58m x 2.61m) Double glazed window to front, built in cupboard.
Bedroom Two 9.83ft x 8.65ft (2.99m x 2.63m) Double glazed window to rear, built in cupboard.
Wet Room 5.29ft x 6.58ft (1.61m x 2.00m) Double glazed window to rear, pedestal wash hand basin, electric shower, low level wc, part tiling to walls, extractor fan, cupboard housing water tank.
External Front Garden laid mainly to lawn. Rear garden patio area, bushes and shrubs.
Primary services supply Electricity: Unknown Water: Unknown Sewerage: Unknown Heating: Unknown Broadband: None Mobile Signal Coverage Blackspot: No Parking: Garage Mining The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.
Confirmation should be sought from a conveyancer as to its effect on the property, if any. Tenure Leasehold. It is understood that this property is leasehold.
Should you decide to proceed with the purchase of this property, the Tenure and associated details and costs must be verified by your Legal Advisor before you expend costs.
Length of Lease: 125 years from and including 25 December 2016 Ground Rent: Unknown Service Charge: Unknown council tax band: A EPC rating: D Please note that the aml fee covers the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 15, Weetwood Road, Cramlington
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