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See how verdicts work1-bedroom flat · NE28 8RP
For saleListed 34 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Giraffe Residential are pleased to offer for sale this one-bedroom first floor flat, situated within a residential block in Saker Place, Wallsend.
The accommodation briefly comprises an entrance hallway, living room, fitted kitchen, one bedroom and a bathroom.
The flat is positioned on the first floor and offers well-proportioned accommodation with potential to create a comfortable modern home following refurbishment.
The property would benefit from updating and some renovation to the bathroom, making it an ideal opportunity for a buyer looking for a project, first-time buyer or investor seeking a property with scope to improve and add value.
The property also benefits from access to well-kept communal gardens, providing attractive shared outdoor space for residents to enjoy.
The property is conveniently located for the amenities and transport links of Wallsend, with local shops, schools and services close by.
There are also good road and public transport connections providing access to Newcastle city centre and surrounding areas.
Leasehold Information: * Approximately 105 years remaining on the lease * Service charge: £240 per annum * Buildings insurance + ground rent: £309 per annum Early viewing is recommended to appreciate the potential this property offers.
Council Tax Band: A (North Tyneside Council) Tenure: Leasehold (105 years) Ground Rent: £127.81 per month Service Charge: £240 per year
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
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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 25 Saker Place, Wallsend
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