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See how verdicts work1-bedroom house · NE30 4PA
Sold STCListed 112 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Trading Places are delighted to offer this beautiful and modern, one double bedroom second floor apartment, ideally located just off the sea front and close to local shopping facilities and Cullercoats Metro Station.
The Bede Court development briefly comprises; communal ground floor entrance area including communal residents lounge with a kitchen, laundry room, internal refuse room and stair/lift access to upper floors.
This apartment is situated on the second floor and upon entering, there is a hallway with a storage cupboard, spacious living/dining room with Juliet balcony showcasing lovely sea views, a modern kitchen with built in appliances, one double bedroom with fitted wardrobes and a large walk-in wardrobe and a fully refurbished shower room/wc completes the accommodation.
This purpose built McCarthy & Stone development provides excellent standard accommodation for mature buyers, over 60s, with a nice blend of independent living and yet within a community that includes a range of shared facilities.
The property has an on site housing manager who can be contacted from various points within each property in the case of an emergency.
For periods when the Housing Manager is off duty there is a 24 hour emergency call system.
The apartment further offers resident and visitor car parking, with a guest suite available to hire for visiting family/friends.
The communally maintained gardens are immaculately cared for and benefit from a westerly aspect to the rear.
Viewings are highly recommended and can be arranged by appointment through Trading Places on 0191-2511189. EPC Rating B. Council Tax Band B.
Communal Entrance - Bede Court benefits from a secure entry system leading into a welcoming communal entrance hall.
Residents can enjoy a comfortable communal lounge with an adjoining kitchen, ideal for socialising.
Additional facilities include a communal laundry room and a guest suite for visiting family and friends, both located on the ground floor. Lift and stair access provide easy access to all floors.
Entrance Hallway - A welcoming hallway with neutral décor and carpet flooring, providing access to the living room, bedroom and shower room.
There is also a useful storage cupboard (1.83m x 1.09m), housing the insulated hot water cylinder and electric meters, while offering shelving for convenient additional storage. Ceiling light point.
Living/Dining Room - 5.50m x 3.37m (18'0" x 11'0") - A generous and light filled reception room with doors opening onto a Juliet balcony, taking full advantage of the lovely sea views.
The room offers excellent space for both relaxing and dining, complemented by neutral décor, carpet and glazed double doors leading through to the kitchen.
Finished with two wall lights and a wall mounted electric heater.
Kitchen - 2.73m x 1.74m (8'11" x 5'8") - A modern fitted kitchen comprising a range of wall and base units with complementary work surfaces and matching splash backs.
Incorporating a stainless steel sink and drainer with mixer tap, built in electric oven, electric hob with extractor hood above, and space for under counter appliances.
A double glazed window provides natural light and overlooks the car park. Finished with neutral décor and practical vinyl flooring.
Double Bedroom - 4.43m x 2.78m (14'6" x 9'1") - A generously proportioned double bedroom, beautifully presented with neutral décor and carpet.
The room benefits from fitted wardrobes and a spacious walk-in wardrobe (1.83m x 1.60m) featuring hanging rails and shelving, providing excellent storage.
A double glazed window overlooks the front elevation, while two wall lights create a warm and inviting atmosphere.
Shower Room - 2.11m x 1.68m (6'11" x 5'6") - A stylish and well appointed shower room fitted with a generous walk-in electric shower, vanity wash hand basin with storage beneath, and a low-level WC.
Additional features include an extractor fan and a wall mounted electric heater. External - To the front of the development is a residents car park, providing convenient off road parking.
To the rear, the property enjoys access to beautifully maintained communal gardens, featuring mature shrubs, colourful planting and attractive seating areas, offering a peaceful outdoor space for residents to relax and enjoy.
Lease Details - 125 years from 1 May 1997 Annual service charge: £2,670.68 Annual ground rent: £512.84
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.
Area
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FAQ
About Marden Avenue, Cullercoats, North Shields
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