1-bedroom flat · NE45 5ES
Listing removedListed 1340 days
Opportunity summary
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About
Summary Retirement apartment | one bedroom | desired location Pattinson welcome to the market this one bedroom, retirement apartment located on Aydon Road in the market town of Corbridge.
The property comprises an entrance hallway, living room with Juliette balcony, kitchen, double bedroom, shower room and utility room.
There is a communal living room for residents, a lift giving access to all floors, communal gardens, and a large car park.
The apartment is presented in good order, and enjoys views over the gardens to the rear via the Juliette Balcony.
Primlea Court was built Circa 2005 and is set on Aydon Road, close to the junction with St Helens Lane.
Corbridge is a highly desirable village in the Tyne Valley with local shops and amenities, as well as being conveniently situated for access to all points between Carlisle and Newcastle by road, rail and bus and approximately 15 miles from Newcastle Airport.
Hexham and all it facilities is approximately 4 miles away, if you require a wider range of shops and amenities.
An early viewing is highly recommended to fully appreciate all that Primlea Court has to offer and its proximity to the centre of Corbridge.
The maintenance charge and ground are both payable half yearly. For further information and your appointment to view please call our Hexham team or email .
Council Tax Band: C Tenure: Leasehold Length Of Lease: 107 Annual Ground Rent Amount: 395.00 Annual Service Charge Amount: 2,442.00 Communal Entrance Hall Bright entrance with secure entryphone, duty manager's office and lift to all floors.
Communal Lounge This offers the residents the opportunity to get together for social activities or just to meet up during the day, and there is a kitchen so they can prepare tea and coffee etc.
Entrance Hall Solid front door, deep storage cupboard, hatch to loft space.
Living Room (5.85m x 3.22m) Double glazed Juliet balcony, electric radiator, fireplace with mantle surround and electric fire, coving, doors to the kitchen.
Kitchen (2.56m x 2.28m) Double glazed window overlooking the gardens, quality range of recently fitted wall and base units, single drainer stainless steel sink unit with mixer taps, built-in oven and microwave oven, ceramic hob with extractor hood above, integrated fridge.
Double Bedroom (4.14m x 2.68m) Double glazed window, electric radiator, built-in mirrored wardrobe, coving.
Shower Room With WC (1.67m x 1.61m) Wall mounted towel rail, walk-in shower with fold away seat, wash hand basin in vanity unit, tiled walls, low level wc.
External The property is set in attractive, landscaped gardens that face towards the South. There are seating areas provided.
To the front of the complex is a good sized car park, providing ample parking for residents and visitors.
Information The property falls within Northumberland County Council Tax Band C as from April 2022. There is an annual service charge of 3271.80, for 2022/3, paid half-yearly.
The Ground Rent was 395, for 2022/3, paid half-yearly. The lease is 125 years from 2005.
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About 35 Primlea Court, Aydon Road, Corbridge
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