2-bedroom flat · NE25 9SL
Sold STCListed 169 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This beautiful, 1930's upper flat is positioned on the corner on this highly sought after street.
Within walking distance to the Metro, Sainsbury's and local amenities, there are also excellent local schools close by.
Available with no onward chain and showcasing a fabulous, enclosed, low maintenance front garden and your own private front door.
Entrance lobby, spacious landing, original doors and features, spacious lounge with bay window, fitted kitchen with integrated appliances, two double bedrooms, bathroom with shower.
This upper flat also boasts a newly replaced roof. We can't wait for you to see it!! Tenure: Leasehold. 999 years from 6/3/1987. No Ground Rent. EPC: C. Council Tax Band: A.
Gas, Electric, Water, Heating, Drainage: Mains Connected.
Broadband: Fibre, Mobile Phone Blackspot: No Mining: The property is not known to be on a coalfield and is not known 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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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 Drive, West Monkseaton
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