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See how verdicts work2-bedroom flat · NE29 6HA
Sold STCReduced £90k (−37.5%) on 26 OctListed 253 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Forming part of the listed building with delightful river views, the opportunity to purchase this opulent first floor flat is now available for the discerning buyer.
The property which is exquisitely presented will appeal to the buyer looking for a home of quality and distinction.
The building is accessed via a communal entrance and the apartment briefly comprises: - an elegant communal hall which is immaculately serviced, a private hall with storage, an impressive open plan living area with feature fitted fireplace, sash windows overlooking the River Tyne, raised dining area and a modern well-appointed kitchen with fitted units, integrated appliances and centre island.
There are two double bedrooms; both of which have stunning contemporary en-suite facilities, and externally, there is underground parking with a dedicated bay.
This enviable location is only a short walk from North Shields Fish Quay and a fabulous variety of local amenities are within easy reach including cafes, bars and restaurants.
There are good links to public transport facilities, including prime bus routes and the metro service. The beautiful Tynemouth Long Sands Beach is only a short commute away.
Tenure The agent understands the property to be leasehold. However, this should be confirmed with a licenced legal representative. Council tax band *D*.
Open Plan Living Room - 6.73 x 6.49 (22'0" x 21'3") - Bedroom One - 4.25 x 3.45 (13'11" x 11'3") - Bedroom Two - 2.91 x 4.40 (9'6" x 14'5") -
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 Collingwood Mansions, North Shields
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