We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · NE26 1BX
Listing removedReduced £4k (−2.1%) on 21 JunListed 362 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroom, second floor apartment with west facing aspect and a juliet balcony in the lounge and ~allocated parking~ Elderton Place is a McCARTHY stone Retirement Living Plus development with on-site restaurant, estate manager, cqc registered care team on-site 24/7 and bespoke care packages available.
**Entitlements Advice and Part Exchange available - speak to your Property Consultant for more information** Moving Made Easy Moving is a huge step, but don’t let that hold you back.
We have a range of services to help your move go smoothly, including: • free Entitlements Advice to help you find out what benefits you may be entitled to.
• Part Exchange service to help you move without the hassle of having to sell your own home. • Removal Services that can help you declutter and move you in to your new home.
• Conveyancing specialists who are experienced with sales and purchases of McCarthy Stone retirement properties. For more information speak with our Property Consultant today.
What Is Shared Ownership? With Shared Ownership you can have the lifestyle you’ve dreamed of without paying the full price. If you buy a 50% share, you pay rent on the remaining 50% of your property.
If you buy a 75% share you can enjoy the property rent free. Who wouldn’t want 25% off? The Shared Ownership scheme is run in conjunction with Homes England, our government approved partner.
Elderton Place Located in the coastal town of Whitley Bay is our stunning retirement development Elderton Place, exclusively for the over 70s.
The development comprises of 37 one bedroom and 28 two bedroom apartments, complete with private patios or balconies.
These retirement homes are located close to the famous Spanish City offering a number of local amenities and the picturesque beach.
There is a Co-op store nearby on Marine Avenue as well as Monkseaton Metro station and local bus services also run close by.
Local Area Whitley Bay is a beautiful and desirable coastal town in the North East of England.
As soon as you arrive in the area, you’ll see the iconic St Mary’s Lighthouse, which stands on its own island and also features a nature reserve and a wetland habitat.
If you’d like to learn more about the area, there’s even a visitor centre.
Entrance Hall Front door with spy hole leads to the large entrance hall - the 24-hour Tunstall emergency response pull cord system is situated in the hall.
From the hallway there is a door to a walk-in storage cupboard/airing cupboard with shelving and washer/dryer.
Illuminated light switches, smoke detector, apartment security door entry system with intercom and emergency pull cord located in the hall. Doors lead to the bedroom, living room and bathroom.
Electric radiator Lounge Spacious west facing lounge with the benefit of French doors leading to a Juliet balcony with views towards Marine Gardens.
TV points, two ceiling lights and raised electric power sockets. Leading onto the open plan kitchen. Kitchen Fully fitted modern kitchen with light grey matte finished base and wall units.
Built-in oven with space above for a microwave, four ring ceramic hob with extractor hood. Sink with single lever tap and drainer unit. Fitted integrated fridge and freezer and dishwasher.
Under pelmet and ceiling lighting. Bedroom Double bedroom featuring a large west-facing window and two built-in double-door wardrobes, offering excellent storage space.
TV point, ceiling light, raised electric power sockets and emergency pull cord.
Wet Room Modern purpose built wet room with non slip flooring, walk in shower unit with grab rails, foldable seat and curtain. WC. Vanity unit with sink and mirror above.
Wall mounted heated towel rail. Emergency pull cord.
Service Charge Estate Manager •One hour of domestic support per week is included in the service charge •Running of the on-site restaurant •Cleaning of all communal windows •Water rates for communal areas and apartments •Electricity, heating, lighting and power to communal areas •Apartment window Cleaning (outside only) •24-hour emergency call system •Upkeep of gardens and grounds •Repairs and maintenance to the interior and exterior communal areas •Contingency fund including internal and external redecoration of communal areas •Buildings insurance •Intruder alarm system Additional personal care and support is available at an extra charge.
This can be from as little as 15 minutes per session which can be increased to suit your needs. The Service charge does not cover external costs such as your Council Tax, electricity or TV.
To find out more about service charges please contact your Property Consultant or Estates Manager.
Service charge: £8,863.10 per annum (per financial year end 29 Feb 2026) Entitlements Advice: Check out benefits you may be entitled to.
Car Parking 49 Elderton Place has its own allocated parking space.
Leasehold Information 999 years lease from 1st June 2022 Ground rent £435 per annum Ground rent review Jun-37 Additional Information • Full Fibre Broadband available • Mains water and electricity • Electric room heating • Mains drainage • Allocated parking space
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.
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FAQ
About 49 Elderton Place, Marine Avenue, Whitley Bay
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