2-bedroom bungalow · NE24 3HH
Listing removedListed 57 days
Opportunity summary
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About
For those seeking a home by the sea without compromising on space, this generously proportioned two-bedroom bungalow could be the perfect fit.
Situated within the sought-after cul-de-sac of Garsdale Close in the popular South Beach area, the property is offered for sale with no upper chain.
The accommodation briefly comprises an entrance hallway, fitted kitchen, spacious lounge, two well-proportioned bedrooms and a bathroom.
Externally, there is a front garden with off-street parking and an enclosed rear garden, providing excellent outdoor space to enjoy.
Conveniently located close to local amenities, transport links and the coastline, this attractive bungalow offers comfortable single-level living in a highly desirable setting.
Please note that the property is being sold on a 50% shared ownership basis. For further information regarding the scheme and eligibility criteria, please contact our office.
Note: This Bungalow is part of a Castles & Coasts Housing Association Development.
The price guide of £ 82,500 represents a 50% stake in the property, the other 50% being retained by Castles & Coasts Housing Association.
Current term Of the lease is 99 Years from 1985 With Approximately 68 Years Remaining, with an option to extend the lease .
The rent / management fee is £210.89 per month and includes building insurance .
Property description: Entrance: UPVC Entrance Door entrance hallway: Single radiator lounge: (front): 11’91 x 16’15, (3.63m x 4.92m), double glazed window to front, and double radiator.
Kitchen: (side): 11’00 x 7’27, (3.35m x 2.21m), double glazed window to side, range of wall, floor and drawer units with coordinating roll edge work surfaces, coordinating sunk unit and drainer with mixer tap, tiled splash backs, electric fan assisted oven, gas hob, space for fridge freezer, plumbed area for washing machine, double glazed door to side garden.
Loft: Partially boarded and pull down ladders family bathroom: 3 piece suite comprising panelled bath, shower over, wash hand basin, double glazed window to side, double radiator, and part tiling to walls.
Bedroom one: 8’87 x 13’0, (2.70m x 3.96m), single radiator and fitted wardrobes as well as doors to rear garden.
Bedroom two: (rear): 10’44 x 8’37, (3.18m x 2.55m), double glazed window to rear and radiator. Externally: To the rear is laid mainly to lawn and to the front is off street parking.
Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains Gas Broadband: Fibre to premises Mobile Signal Coverage Blackspot: No Parking: Garage/Driveway 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 Building works Any known planning permissions or proposals in the immediate locality: No Outstanding building works at the property: No Tenure 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: 99 years from 1995 Ground Rent: £189.44per month Service Charge: £21.45 per month And Shared Ownership. It is understood that this property is Shared Ownership.
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.
Share For Sale: 50% Rent Payable on Remaining Share: £189.44 per month Management Charge: £21.45 per month
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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
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FAQ
About 7, Garasdale Close, Blyth
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