2-bedroom bungalow · NE15 8TG
Sold STCListed 476 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Auction Date Commencing on Monday 21st July at 1pm and ending 24 hours later on Tuesday 22nd July at 1pm with Auction House North East Please register to bid via our website - auctionhouse.co.uk/northeast Two bedroom semi-detached bungalow with SHORT LEASE...
This property is well presented throughout with a number of feature walls and nice fixtures and fittings.
The property benefits from air source pump central heating and viewing is highly recommended to appreciate all this property has to offer.
The accommodation provides; entrance Porch leading to the breakfasting kitchen, fitted with wall and base units, sink unit, split level oven with 4 ring ceramic hob and extractor over, breakfast bar and plumbing for a washer.
The Lounge is a great size and has a wall mounted contemporary electric fire and and bay window to the front. The inner hall provides access to the remaining accommodation as well as the loft.
Bedroom 1 is a good size double and like Bedroom 2, is to the rear.
The accommodation is completed with the shower room, which is fitted with a low level WC, pedestal wash hand basin and shower cubicle with the added benefit of panelled walls.
Externally, the front garden is lawned, with shrubs and a concrete impressed driveway with parking for 3 cars and leading to the attached garage.
The rear garden is nicely enclosed and predominately laid to lawn.
Lemington Rise and the surrounding areas provides an excellent range of local services including schools, shops, library, swimming pool and other leisure facilities.
There are regular bus routes into Newcastle city centre. The A69 and A1 are both close at hand ensuring convenient transport links. We understand the property is freehold.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. QWD250237/2
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
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 Apple Close, Newcastle upon Tyne, Tyne and Wear, NE15
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