2-bedroom flat · NE38 0HB
For saleListed 77 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FOR SALE VIA ONLINE AUCTION: terms and conditions apply.
Link to bidding platform: auction.bradleyhall.co.uk/lot/details/35efd941-6eac-4659-8d2e-73c4e60fa9cb - Well-presented two-bedroom upper flat - Ideal for first-time buyers or buy-to-let investors - Spacious lounge with a well-fitted kitchen - Separate garage located within a nearby block - Close to local amenities, schools and leisure facilities - Excellent road links via the A1(M), A19 and surrounding areas Situated in a popular and well-established residential area of Washington, this attractive two-bedroom upper flat offers well-proportioned accommodation that will appeal to a range of purchasers, including first-time buyers, downsizers and buy-to-let investors.
The property is presented in good internal condition throughout and has previously been successfully let, offering the potential for immediate occupation or continued investment use.
The accommodation is accessed via a private entrance with stairs rising to the first floor and briefly comprises an entrance hall, a bright and generously proportioned lounge, a fitted kitchen with a range of wall and base units, two well-sized bedrooms and a family bathroom.
The property benefits from a practical layout, with well-balanced living accommodation suited to modern day requirements.
Externally, the property benefits from a separate garage situated within a nearby block, providing valuable secure parking or additional storage space.
Mitford Close is conveniently positioned within easy reach of a wide range of local amenities, including shops, supermarkets, schools and leisure facilities.
The property also benefits from excellent transport connections, with straightforward access to the A1(M), A19 and the wider regional road network, making commuting to Sunderland, Newcastle upon Tyne, Durham and surrounding areas both convenient and efficient.
The property represents an excellent opportunity to acquire a well-maintained apartment in an established residential location, equally suited to owner-occupiers and investors seeking a property with strong letting potential.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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
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FAQ
About Mitford Close, Washington, NE38
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