2-bedroom semi-detached house · NE28 9JP
For saleListed 32 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
• FURTHER IMAGES & DETAILS COMING SOON • AVAILABLE TO VIEW NOW • Porch - Double glazed entrance door with windows to the side, inner door leading into the lobby.
Lobby - Stairs to the first floor, laminate flooring, radiator. Lounge - 4.01 x 3.46 (13'1" x 11'4") - Double glazed window, wall mounted electric fire, laminate flooring, radiator.
Kitchen Area - 2.85 x 2.46 (9'4" x 8'0") - Fitted with a range of wall and base units with work surfaces over and sink unit, integrated oven and hob with extractor hood over, double glazed window.
Dining Area - 4.11 x 2.50 (13'5" x 8'2") - Double glazed window, laminate flooring, radiator.
Utility - 6.93 x 1.42 (22'8" x 4'7") - Base unit with work surface over and plumbed for washing machine, external doors leading to both the front and rear.
Bedroom 1 - 4.01 x 2.99 min (13'1" x 9'9" min) - Double glazed window, laminate flooring, cupboard and radiator.
Bedroom 2 - 2.94 x 2.71 (9'7" x 8'10") - Double glazed window, laminate flooring, radiator.
Bathroom - 2.02 x 1.70 (6'7" x 5'6") - Comprising; bath with shower over, WC and wash hand basin, double glazed window, tile effect panelling to walls, ladder style radiator.
External - Externally the front is paved and there is a westerly aspect garden to the rear which is mostly laid to lawn. Lease Information - The property has a 999 year lease dated from 01/05/1936.
Ground rent is £3.14 per year.
Material Information - BROADBAND AND MOBILE: At the time of marketing we believe this information is correct, for further information please visit EE-Good outdoor and in-home O2-Variable outdoor Three-UK-Good outdoor, variable in-home Vodafone-Good outdoor, variable in-home We recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
FLOOD RISK: Yearly chance of flooding: Surface water: Very low. Rivers and the sea: Very low. CONSTRUCTION: Traditional This information must be confirmed via your surveyor and legal representative.
Value & comps
No previous sales on record.
Returns
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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 Rae Avenue, Wallsend
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