2-bedroom flat · NE28 9JX
Sold STCListed 145 days
Opportunity summary
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About
** TWO BEDROOM TOP FLOOR APARTMENT ** NEWLY DECORATED THROUGHOUT & CARPETED ** ** ALLOCATED PARKING BAY ** WALKING DISTANCE TO COASTWAY SHOPPING CENTRE ** ** SPACIOUS OPEN PLAN LIVING AREA ** COMMUNAL HALLWAY WITH INTERCOM ENTRY SYSTEM ** ** JACK & JILL BATHROOM ** ROAD LINKS TO THE A1058 COAST ROAD & A19 ** CHAIN FREE ** ** IDEAL FIRST BUY ** 125 YEAR LEASE FROM 2006 ** COUNCIL TAX BAND A ** EPC RATING C ** Communal Hallway - Communal hallway with intercom entry system.
Hallway - Cupboard, electric heater.
Open Plan Living Area - 7.45 x 3.03 - Fitted with a modern range of wall and base units with work surfaces over, integrated oven and hob, single drainer sink unit, wood effect flooring to kitchen area, double glazed windows, open plan to lounge area, Bedroom 1 - 3.83 x 2.78 - Double glazed window, electric heater, access to bathroom.
Bedroom 2 - 2.79 x 2.78 max - Double glazed window, cupboard with hanging rail, laminate flooring.
Jack & Jill Bathroom - 2.78 x 1.67 - Fitted with a three piece suite comprising bath with shower over, low level WC and wash hand basin, part tiled walls, double glazed window, electric towel rail.
External - Externally there is an allocated parking bay. Lease & Service Charge - The property has a 125 year lease dated from 01/01/2006.
Service charge is £116.96 per month, this includes buildings insurance.
Material Information - BROADBAND AND MOBILE: At the time of marketing we believe this information is correct, for further information please visit EE-Good outdoor and in-home O2-Good outdoor Three-UK-Good outdoor, variable in-home Vodafone-Good outdoor We recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
FLOOD RISK: Yearly chance of flooding: Surface water: Very low. Rivers and the sea: Very low. CONSTRUCTION: Traditional This information must be confirmed via your surveyor and legal representative.
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
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About Alexandrea Way, Battle Hill
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