3-bedroom house · NE29 9HL
Listing removedListed 79 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A generously proportioned three-bedroom semi-detached house with excellent potential for updating.
The accommodation begins with an entrance hallway leading into an impressive bay-fronted living room, with glazed sliding doors opening into a separate dining room overlooking the rear garden.
The kitchen is also positioned to the rear and is fitted with a range of wall and base units with worktop space.
Upstairs, the particularly spacious principal bedroom benefits from a broad bay window and an extensive range of fitted wardrobes and storage.
There are two further well-proportioned bedrooms alongside a shower room.
Externally, the property has an attractive lawned front garden and private driveway leading to the attached single garage, while the enclosed rear garden is predominantly laid to lawn with mature, well-stocked borders, established shrubs, paved areas and a timber garden shed.
Preston Grange offers a convenient setting, with local shops, schools and everyday amenities close at hand, alongside excellent transport links providing easy access into North Shields, Tynemouth, Whitley Bay and Newcastle.
Freehold. EPC: D, Council Tax Band: B. Gas, Electric, Heating, Water, Sewerage: Mains Connected, Broadband: Adsl.
Mobile Phone Blackspot: No Mining: The property is not known to be on a coalfield and is unknown 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.
Agents Note: "Please note that a non refundable aml fee is chargeable once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks".
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.
Area
Agent & docs
FAQ
About 38, Sandwich Road, North Shields
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