1-bedroom flat · NE25 9NR
Under offerListed 262 days
Opportunity summary
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About
WELL SITUATED 1 BEDROOMED GROUND FLOOR APARTMENT . uPVC double glazing, night storage heating & secure entry-phone system.
Wilton Manse is situated at the west end of Wilton Drive close to local shops, convenient for bus services connecting up with Whitley Bay Town centre and is managed by Anchor Housing Association.
The Apartments are designed specifically for the over 55's with a House Manager on site to supervise the day-to-day running of the apartments and emergency pull-cords to every room.
The living accommodation comprises: Hall, refitted Shower room with walk-in shower enclosure, double Bedroom, Living room & Kitchen. Externally: communal Gardens all round.
Although each Apartment is completely self-contained there are a number of communal areas for the benefit of all residents which include: Conservatory/Lounge area, reception areas, Guest room, Laundry & landscaped Gardens all round.
ON THE GROUND FLOOR: COMMUNAL LOBBY with corridors, 2 sets of stairs to the upper floor (one with stair-lift) & secure entry-phone system. APARTMENT NO.
22: HALL 2 fitted store cupboards, ‘Creda’ night storage heater & pull-cord.
REFITTED SHOWER ROOM tiled walls & floor, large walk-in shower enclosure, vanity unit, low level WC, vertical stainless steel towel radiator, mirrored medicine cabinet, extractor fan, PVC ceiling, 4 concealed downlighters & pull-cord.
BEDROOM 12’ 4” x 9’ 9” (3.76m x 2.97m) pull-cord & uPVC double glazed window.
LIVING ROOM 10’ 8” x 16’ 3” (3.25m x 4.95m) ‘Creda’ night storage heater, security entry-phone, pull-cord & uPVC double glazed window.
KITCHEN 7’ 1” x 9’ 2” (2.16m x 2.79m) fitted wall & floor units, ‘Belling’ 2-ring induction hob, integrated fridge & freezer, stainless steel sink & hot water tank.
EXTERNALLY: LANDSCAPED COMMUNAL GARDENS for the use of all residents with car parking. Council Tax Band: A TENURE: Leasehold 99 years from 1988 and managed by Anchor Housing Association.
All prospective purchasers are required to be over 55 years of age and agree to be vetted by Anchor Housing.
There is a Service Charge of approximately £311.00 per month which covers: Buildings Insurance, exterior maintenance & paintwork, upkeep of gardens, use of laundry facilities and the cleaning & lighting of all communal areas.
Guest room rates : £10 per night for single occupancy. £15 per night for double occupancy.
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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FAQ
About Wilton Manse, West Monkseaton, Whitley Bay, NE25 9NR
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