2-bedroom flat · NE26 1AP
Listing removedListed 578 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A RARE OPPORTUNITY to purchase a FULLY MODERNISED AND RESTORED UPPER FLAT situated in this increasingly popular and highly sought after location enjoying UNRIVALLED COASTAL VIEWS from the lighthouse down towards Whitley Bay, to the front elevation.
Fitted out to the highest possible standards with fully fitted luxury kitchen, beautiful bathroom, full double glazing and the main building has been fully reroofed and waterproofed.
Each apartment accessed via a secure entry phone system enjoys spectacular coastal views and comes with its own individual parking bay.
These apartments are truly something special and without question, only a close internal inspection will fully reveal the spectacular views and top quality accommodation on offer.
Ground Floor Communal Entrance Lobby Inner Hallway Stairs off. Second Floor Landing Inner Hallway Radiator.
Living Kitchen 9.6m x 3.73m An unbelievable main reception area/dining kitchen with double glazed windows to both front and rear providing a fabulous light and airy entertaining space.
Fabulous sea views to the front, westerly facing aspect to rear and large vaulted main ceiling with Velux windows, creating the most amazing space.
The kitchen enjoys a full range of new luxury Shaker wall and floor units with one and a half bowl sink unit, built in top quality, oven, hob, extractor, fridge freezer and built in cupboard housing central heating boiler, superb feature wood style herringbone flooring throughout with radiators and double glazed French door with westerly facing aspect onto balcony.
Additional Living Dining Kitchen Photo Kitchen Area Additional Kitchen Photo Additional Kitchen Photo Inner Hallway Bedroom One 3.6m x 3.43m Double glazed window and radiator.
En Suite Shower Room/WC New white low level WC, wash hand basin, vanity unit with storage space below, walk-in shower cubicle, matching splash tiling, chrome heated towel rail.
Bedroom Two 3m x 3.35m Double glazed window and radiator.
Bathroom/WC New white suite, low level WC, wash hand basin in vanity unit with storage space below and lit mirror above, panelled bath with independent shower and glass splash guard, splash tiling, half height feature panelling to walls, double glazed window, spot lights and chrome heated towel rail.
External Communal yard to rear with access to bin storage, bike racks etc. Allocated parking.
View Additional View Photo Additional View Photo Lease Details To be confirmed. All prospective purchasers will need to verify this information with their legal advisor.
Council Tax North Tyneside Council Tax Band to be confirmed. Mortgage Advice A comprehensive mortgage planning service is available via Darren Smith of NMS Financial Limited.
For a free initial consultation contact Darren on . **Your home may be repossessed if you do not keep up repayments on your mortgage** Location Map
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
FAQ
About East Parade, Whitley Bay, NE26
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