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See how verdicts work2-bedroom flat · NE21 5QF
No longer listedReduced £4k (−4.4%) on 20 MayListed 222 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Red Hot Sales and Lettings are pleased to bring to the market this two bedroom second floor apartment which is situated in a very convenient location in Winlaton.
The property is offered for sale with no forward chain and comprises of; communal area with stairs to the second floor, entrance hall, open plan living room/kitchen, two bedrooms and bathroom.
Externally there is allocated parking.
Entrance Hall Loft access Open Plan Living Room/Kitchen 5.18m by 3.96m - The kitchen area has wall and base units with work surfaces over, sink and drainer unit, plumbed for washing machine and space for a fridge freezer.
The living room area has wall mounted electric heater, double glazed bay window. Bedroom 4.11m by 2.54m - Storage cupboard, wall mounted electric heater, double glazed window.
Bedroom 5.23m (longest) by 3.12m - Wall mounted electric heater, double glazed window. Bathroom 1.96m by 2.36m - Bath with electric shower over, wash hand basin, WC.
External Communal grounds with a allocated parking space.
Disclaimer Material Information The following information should be read and considered by any potential buyers prior to making transactional decision.
Services We are advised by the seller that the property has mains provided electricity and Water.
Maintenance/Service Charges Approx £1500 per annum service charge and £150 ground rent Parking Arrangements Allocated Parking Broadband Speed The maximum speed for broadband in this area is shown by imputing the postcode into an online speed checker.
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.
More 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 at this point of producing this material.
There may be more information related to the sale of this property that can be made available to any potential buyer.
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
Agent & docs
FAQ
About Fairfield, Winlaton, NE21
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