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See how verdicts work3-bedroom flat · NE29 9PD
Listing removedListed 361 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An outstanding and beautifully presented, larger style, upper flat located in the heart of Preston Village, within walking distance to superb local pubs, schools, bus routes and amenities.
Also close to excellent local transport links.
Showcasing elegance and style throughout, entrance lobby, spacious landing, stunning lounge with feature exposed brick chimney breast, stylish family kitchen with integrated appliances and solid wood worktops.
Three excellent sized bedrooms, the principal bedroom with feature bay window. Contemporary bathroom with forest waterfall spray. South facing, enclosed rear town garden. Just WOW!
Leasehold: 999 years from 2012, Ground Rent: Zero. Gas, Electric, Water, Heating, Drainage: Mains Connected.
Broadband: Fibre to Premises, Mobile Phone Blackspot: No, EPC: C, Council Tax Band: A Mining: The property is not known to be on a coalfield and is unknown whether to be directly impacted by the effect of other mining activity.
The North East region is famous for its rich mining heritage and confirmation should be sought from a conveyancer as to its effect on the property, if any
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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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
FAQ
About Salisbury Avenue, Preston Village
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