2-bedroom flat · NE28 9HF
Sold STCListed 88 days
Opportunity summary
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About
A GREAT FIRST-TIME BUY • TWO DOUBLE BEDROOMS • PRIVATE REAR GARDEN READY TO MOVE INTO • POPULAR LOCATION • COUNCIL TAX BAND A • ENERGY RATING TBC CLOSE TO RISING SUN COUNTRY PARK, SCHOOLS, AMENITIES AND GOOD TRANSPORT LINKS • 999 YEAR PEPPERCORN LEASE FROM 27.2.1987 Entrance - Double glazed entrance door, wood effect flooring, radiator, stairs to first floor accomodation.
Lounge - 4.50 max x 5.16 max (14'9" max x 16'11" max ) - Storage cupboard, double glazed window and radiatior.
Kitchen - 3.13 max x 2.64 (10'3" max x 8'7") - Two double glazed windows, radiator, fitted with range of base and floor units with complimentary worksurfaces, sink unit, built in oven and hob with overhead extractor hood, plumbed for washing machine.
Bathroom - 2.63 x 1.91 (8'7" x 6'3" ) - Comprising: Bath with overhead shower, WC and wash hand basin. Double glazed window, ladder style radiator and part tiled walls.
Rear Lobby - Boiler and stairs giving access to rear garden. Bedroom 1 - 4.22 x 2.79 (13'10" x 9'1" ) - Double glazed window, radiator, recessed lighting, and coving to ceiling. Front Elevation.
Bedroom 2 - 3.82 x 2.91 (12'6" x 9'6") - Double glazed window, radiator, recessed lighting, and coving to ceiling. Front Elevation. External - To the rear there is a private fenced garden.
Para - Material Information - BROADBAND AND MOBILE: At the time of marketing we believe this information is correct, for further information please visit Various factors can affect coverage, such as being close to large trees or buildings when outdoors, or the thickness of walls if you’re inside a building.
This means there may be differences between the coverage prediction and your experience.
EE- Good outdoor, variable in-home O2- Good outdoor Three - Good outdoor 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.
Rising Sun Country Park - Rising Sun Country Park is a 162-hectare country park in Benton, North Tyneside, just north of Newcastle upon Tyne.
It's a popular destination for walking, wildlife spotting, cycling, family outings, and photography. Some highlights include: Swallow Pond Nature Reserve with bird hides for birdwatching.
A network of walking, cycling, and bridle paths, including accessible routes. The Countryside Centre, which has a café, toilets, an exhibition area, and visitor facilities.
Rising Sun Farm, a working farm with sheep, pigs, poultry, and educational activities. A children's play area and picnic spots. Free admission and free parking.
The park has an interesting history—it occupies land that was once home to the Rising Sun Colliery and an isolation hospital before being transformed into a country park after the mine closed in 196 Leasehold - 999 Year Peppercorn lease from 27.02.1987.
This information must be confirmed via your conveyancer.
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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