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See how verdicts work2-bedroom flat · NE37 1AP
Sold STCListed 128 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the popular residential area of Albany, this well-proportioned two-bedroom ground floor flat offers an excellent opportunity for first-time buyers, downsizers or investors alike.
Benefitting from an extended kitchen, private rear garden and generous living accommodation throughout, the property is offered with no onward chain and is ready for a new owner to put their own stamp on it.
The accommodation briefly comprises an entrance hallway, spacious lounge with dining area, an extended fitted kitchen providing additional workspace and storage, two well-sized bedrooms and a family bathroom.
Externally, there is a lawned garden to the front and a private enclosed garden to the rear.
Brackenway is ideally positioned within Albany, offering easy access to local shops, schools and everyday amenities.
The property is conveniently located for commuting via the A1(M), A19 and Washington Highway, while The Galleries Shopping Centre and Albany Park are both within easy reach.
Early viewing is recommended to appreciate the space and potential on offer. Accommodation Entrance Hallway Welcoming entrance hallway providing access to the principal rooms.
Lounge/Dining Room – 4.50m x 3.29m (14'9" x 10'9") A spacious reception room with ample space for both lounge and dining furniture, overlooking the front garden.
Dining Room Separate dining area linking the kitchen to the lounge.
Kitchen – 2.59m x 1.99m (8'5" x 6'6") Extended kitchen fitted with a range of wall and base units, work surfaces, sink unit and space for appliances. Door providing access to the rear garden.
Bedroom One – 3.63m x 2.63m (11'10" x 8'7") A generous double bedroom overlooking the front aspect.
Bedroom Two – 2.92m x 2.67m (9'6" x 8'9") A good-sized second bedroom suitable as a guest room, nursery or home office.
Bathroom – 2.07m x 1.67m (6'9" x 5'5") Fitted with a bath, wash hand basin and low-level WC. Externally To the front of the property is a lawned garden with pathway leading to the entrance.
To the rear is a private enclosed garden providing a pleasant outdoor space with paved and gravelled areas, ideal for relaxing or low-maintenance gardening.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. QLF260322/2
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 Brackenway, Albany, Washington, NE37
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