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See how verdicts work2-bedroom flat · NE37 1EZ
For saleListed 151 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Beautifully Presented & Perfect Location!
This modern and spacious two bedroom apartment at 667.29ft2 and in the highly popular and private area of Parsons House, Washington, is welcomed to the sales market by Jill Moore Sales & Lettings.
Boasting a stylish fully fitted kitchen, modern bathroom and ample private parking, this property certainly is a gem! Early viewing is essential to avoid disappointment.
This property makes a great investment opportunity providing a potential rental yield of 6% and is being sold with a current sitting tenant. Cash buyers only.
Entrance Hall Enter through doorway into welcoming hallway with neutral walls and floors, electric radiator, spot lighting in ceiling and doors off to cupboard, bathroom, bedrooms and lounge/kitchen/diner.
Lounge/Kitchen/Diner 3.66m x 7.65m The impressive lounge space features neutral walls and floors, plenty natural light from multiple double glazed windows, electric radiator and is open plan to the kitchen/diner.
The kitchen is complete with neutral base and wall units providing ample storage and housing integrated appliances like fridge/freezer, dishwasher, oven and hob.
Stainless steel sink with mixer tap and extractor also feature.
Bedroom 4.4m x 2.16m The second good-sized bedroom offers lots of natural light from the large double glazed window, neutral walls, carpet flooring and electric radiator.
Bedroom 4.37m x 2.62m The spacious double bedroom is flooded with natural light from the double glazed window and features neutral walls, carpet to the floor and electric radiator.
Bathroom 1.7m x 2.18m The contemporary bathroom is complete with modern and neutral part-tiled walls, shower over bath, hand wash basin, toilet and towel rail/radiator.
External The property is surrounded by plenty private parking bays for residents and visitors and entry is accessed via a secure automated gate system.
The communal staircase areas provide access to multiple levels as well as the lift within the building.
Location Parsons House is a newly refurbished block offers ample private parking bays for residents and visitors, Ev charging points, secure CCTV camera and intercom secure access system.
The area also offers a range of amenities on the doorstep including well respected schools, shops and pubs/restaurants.
Commuting into large cities such as Sunderland, Newcastle and/or Durham is made quick and easy via the A1/A1231/A19 major roads close by.
The property also falls on a major bus route allowing for easy public transport links.
This new development of 40 contemporary apartments completed in 2023 is situated in an up-and-coming area of growth and regeneration. All complete with high-quality fixtures and fittings.
This development is ideally located to meet the needs of the increasing demand for high-quality homes, especially among professionals working in Washington's successful commercial sector.
Some of the larger employers locally are the renowned Nissan plant—the UK’s largest (truncated) Disclaimer DISCLAIMER Your home is at risk if you do not keep up repayments on your mortgage or other loans secured on it.
MORTGAGE ADVICE It is now a legal requirement under the Estate Agents Act 1991, to establish what mortgage, if any, is required and to confirm the applicants ability to obtain this finance.
If you need any help or advice over obtaining a mortgage, our mortgage department will be pleased to help and advise you on all Building Society or Bank mortgages without obligation.
This service is available even if you are not buying via ourselves. Written quotations available on request. There is no charge for this service.
PLEASE NOTE Please note that all sizes have been measured with an electronic measuring tape and are approximations only.
Under the terms of the property miss-descriptions act we are obliged to point out that none of the services described in these particulars have been tested by ourselves.
We present these details of the property in good faith and they (truncated) Property Information The following information should be read and considered by any potential buyers prior to making a transactional decision.
SERVICES: We are advised by the seller that the property has mains gas, electricity, water and drainage.
MAINTENANCE/SERVICE CHARGES- Yes WATER METER- No PARKING ARRANGEMENTS: Private Parking BROADBAND SPEED: No issues reported by vendor.
The maximum speed for broadband in this area is shown by inputting the postcode at the following link here> Broadband Speed Checker - UK's No.1 Broadband Speed Test ELECTRIC CAR CHARGER- Yes MOBILE PHONE SIGNAL: No known issues at the property NORTH EAST OF ENGLAND- EX MINING AREA: We operate in an ex-mining area.
This property may have been built on or near an ex-mining site. Further information can/will be clarified by the Solicitors prior to completion.
The information above has been provided by the seller and has not yet been verified at this point of producing this material. There may be more information related (truncated)
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
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FAQ
About Parsons House, Parsons House, Washington, Tyne & Wear, NE37
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