2-bedroom flat · NE45 5ES
Listing removedReduced £10k (−7.4%) on 12 AugListed 425 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** Ground Rent Free** A two bedroom retirement property located on the second floor Primlea Court comprises 39 retirement apartments arranged over 3 floors and is served by a lift.
The Development Manager can be contacted from various points within each property in the case of an emergency.
For periods when the Development Manager is off duty there is a 24 hour emergency Appello call system. Each property comprises an entrance hall, lounge, kitchen, one or two bedrooms and bathroom.
It is a condition of purchase that residents be over the age of 60 years or in the event of a couple, one must be over 60 years and the other over 55 years.
Please speak to our Property Consultant if you require information regarding Event Fees that may apply to this property.
Accomodation Front door with security spy hole leads to the Entrance Hall Ceiling light point. Smoke detector. Careline emergency intercom with pull cord.
Airing cupboard housing the insulated hot water cylinder fitted with electric immersion heater. Cloak room cupboard. Living Room Electric night storage heater. Power points. TV aerial point.
Emergency pull cord. Wall light points. Telephone point. Patio doors to communal gardens. Kitchen With Window Tiled and fitted with wall and base units. Single drainer sink unit. Work tops.
Built in oven and hob with overhead extractor hood. Refrigerator. Wall heater fan. Emergency pull cord. Bedroom Built in wardrobe with folding mirrored doors, hanging rail and shelf.
Electric night storage heater. Power points. Wall light points. Emergency pull cord. Bedroom Electric night storage heater. Power points. Wall light points. Emergency pull cord.
Bathroom Tiled and fitted with suite comprising bath with shower over. WC with low level flush. Vanity unit. Extractor fan. Wall mounted electric heater. Emergency push button.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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
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FAQ
About 34, Primlea Court, Corbridge
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