2-bedroom flat · NE33 5SX
For saleListed 49 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well positioned two bedroom freehold ground floor flat providing an excellent opportunity for investors to add to their portfolio.
The accommodation benefits from gas combination central heating and UPVC double glazing. The property also benefits from A shared yard with A car port.
Ideally situated for access to tyne dock the property is well connected to local amenities and transport links, including regular bus routes, the metro, tyne tunnel and major road networks.
The nearby metro station provides convenient access to surrounding areas, making the property particularly appealing to commuters and tenants.
Entrance Lobby/Hall Upvc double glazed front door, fitted carpet, inner door opening to the hall with fitted carpet, dado rail, radiator, understairs cupboard.
Lounge (Rear) (4.24m (13' 11") x 3.65m (12' 0")into alcove) Laminate flooring, twin panelled radiator, upvc double glazed window, dado rail.
Kitchen (3.19m (10' 6") x 1.91m (6' 3")) Wood style fitted wall/floor units, single drainer stainless steel sink unit with mixer tap, built in stainless steel oven/electric hob/overhead extractor hood, complementary inset wall tiles, plumbing for washer, laminate flooring, upvc double glazed window, upvc double glazed back door, Vaillant Eco Tec gas combination central heating boiler.
Bathroom/W.C.
(2.60m (8' 6") x 1.65m (5' 5")) White suite comprising panelled bath with shower fitment, low level w.c., pedestal wash hand basin, pvc lined ceiling and walls, laminate flooring, radiator, upvc double glazed window.
Bedroom No. 1 (Front) (4.79m (15' 9")into bay x 3.90m(12' 10")into alcove) Fitted carpet, radiator, upvc double glazed bay window, vertical blinds, ceiling coving. Bedroom No.
2 (Rear) (3.11m (10' 2") x 2.25m (7' 5")) Fitted carpet, radiator, upvc double glazed window, vertical blinds. Exterior The rear yard is currently shared and has an open carport.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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
FAQ
About 293, South Eldon Street, South Shields
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