2-bedroom flat · NE26 2NR
Sold STCListed 118 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
WELL PRESENTED TWO BEDROOM FIRST FLOOR FLAT IN CLOSE PROXIMITY TO THE SEA FRONT - AVAILABLE WITH NO UPPER CHAIN Brannen & Partners welcome to the market this well presented two bedroom first floor flat.
Benefitting from two good sized bedrooms, bright and airy living space, modern fitted kitchen and bathroom, in addition to a small private rear yard.
Appealing to a range of buyers including first time buyers, downsizers and buy to let investors. Briefly comprising: Private entrance with stairs to the first floor landing.
Both well sized bedrooms are positioned to the front of the home, with the primary bedroom being particularly generous in size.
Progressing into the rear of the property, the living room is a bright and airy space, equipped with an integral storage. From here, the kitchen can be accessed.
Contemporary in design, the kitchen houses wood effect fitted units incorporating an extractor hood, dishwasher and washing machine, in addition to designated space for appliances including a Range cooker.
From the kitchen, a staircase connects to the private yard.
Back to the initial landing and finalising the property, the ample modern bathroom is minimal in design, furnished with a WC, walk in shower, bowl style wash basin and separate quarter circle bath.
Externally to the rear, is a small private rear yard with a southerly aspect. This property is ideally located close to local shops, cafes and restaurants.
It is also within walking distance to the Metro station in Cullercoats and Whitley Bay and is well placed for ease of access to major road links into the city centre and other coastal towns.
The property is a few minutes walk to the beach offering an array of watersports and activities all year round.
Entry - Landing - 2.43 x 1.34 (7'11" x 4'4") - Living Room - 4.17 x 4.17 (13'8" x 13'8") - Kitchen - 4.00 x 2.38 (13'1" x 7'9") - Bedroom One - 4.21 x 4.24 (13'9" x 13'10") - Bedroom Two - 2.87 x 2.35 (9'4" x 7'8") - Bathroom - 2.89 x 2.43 (9'5" x 7'11") - Private Rear Yard - Tenure - Leasehold - Share of Freehold - 952 years remaining
Value & comps
No previous sales on record.
Returns
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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 Grafton Road, Whitley Bay
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