2-bedroom flat · DH5 8GY
For saleListed 245 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available on the basis of 50% shared ownership, this is a truly outstanding retirement flat located on the fourth floor of this purpose built modern and highly respected retirement complex with amazing views of North East landmarks.
Ideally situated within close proximity to local shops, amenities and fantastic public transport links.
The property briefly comprises of easy access into the building with secure intercom and key access, elevator and stair access to each floor.
The apartment entrance leads you to a generous hallway with two double storage cupboards, a spacious open plan fitted kitchen and lounge with French Doors, two double bedrooms with the master bedroom having fitted wardrobes aswell as 'Jack & Jill' accress to the wet room.
The complex also has a range of benefits such as communal areas and facilities including Laundry which is included in the service charge, Bistro, Communal Lounges & Guest Suite.
Internal inspection is highly recommended! Reception 3.5m x 4.8m Carpeted flooring, under floor heating and Juliet balcony.
Kitchen 2.4m x 2.9m Vinyl Flooring, Wall and Base Units, Stainless Steel Sink with Drainer and Mixer Tap, Electric Oven and Hob with Extractor Fan and underfloor heating.
Bedroom 1 3.2m x 4.8m Carpeted Flooring, UPVC Window, Fitted Wardrobes, Under floor heating Bedroom 2 2.4m x 3.6m Carpeted Flooring, UPVC Window, Under floor heating Bathroom ( Jack & Jill ) 1.9m x 2.4m Featuring a walk-in shower, wash hand basin, low level W.C, Tile splash back, Under floor heating and standing aids.
EPC: B Parking: Designated Resident & Visitor Parking Tenure: Leasehold Monthly Rent £107.96 per month.
Service Charge: £337 per month Ground Rent: £115 per annum Council Tax Band: A, Sunderland Material 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 provide gas, electricity, water and drainage.
BROADBAND SPEED: The maximum speed for broadband in this area is shown by inputting the postcode at the following link here> 618726fe30f982&utm_source=bing&utm_medium=cpc&utm_campaign=You%20Fibre%20%7C%20Broadband%20%7C%20Grouped%20campaign%20test&utm_term=how%20fast%20is%20my%20broadband&utm_content=Fast ELECTRIC CAR CHARGER- No 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 (truncated) Disclaimer Every attempt has been made to ensure accuracy, however these property particulars are approximate and for illustrative purposes only.
They have been prepared in good faith and they are not intended to constitute part of an offer of contract.
We have not carried out a structural survey and the services, appliances and specific fittings have not been tested.
All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of any fixture or fittings.
Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked prior to agreeing a sale.
Viewing Arrangements To arrange an appointment to view this property, please contact us on . hours are : Monday to Friday 9.00a.m. to 5.00pm. / Saturday 9.00a.m. to 12.00pm.
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
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FAQ
About Cherry Tree Gardens, Houghton Le Spring, DH5
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