2-bedroom flat · NE28 6QH
Sold STCListed 186 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** CHAIN FREE ** TWO BED GROUND FLOOR APARTMENT ** ALLOCATED PARKING BAY ** ** GREAT FIRST TIME BUY OR INVESTMENT ** RENTAL INCOME APPROX £650 PCM ** ** CLOSE TO LOCAL AMENITIES, TRANSPORT LINKS AND MAJOR ROAD LINKS ** ENERGY RATING C ** ** COUNCIL TAX BAND A ** LEASEHOLD 999 Years from 24.06.1999 ** Entrance - The building is entered through a secure intercom entry system, leading into a hallway and property entrance is on the right hand side.
Property Entrance - Timber door leading into communal entrance Hallway - Electric storage heater and laminate flooring. Lounge - 3.45m x 4.29m - Double glazed window, laminate flooring.
Kitchen - 2.49m x 3.02m - Double glazed window, part tiled walls, fitted with range of wall and floor units, work surfaces, sink unit, electric hob with an electric oven, extractor hood, tiled flooring.
Bedroom 1 - 3.25m x 3.84m - Double glazed window, electric storage heater, laminate flooring Bedroom 2 - 3.20m x 1.98m - Double glazed window, electric heater, laminate flooring.
Bathroom - 1.98m x 1.85m - Part tiled walls, WC, wash hand basin, bath with overhead shower. External - To the front of the property there is allocated parking bay.
To the rear there are communal gardens. Lease & Service Charge - 999 Year Lease from 24 June 1999.
We are advised that Service Charge is £1680 per annum which includes, building insurance and communal areas.
Material Information - BROADBAND AND MOBILE: At the time of marketing we believe this information is correct, for further information please visit Various factors can affect coverage, such as being close to large trees or buildings when outdoors, or the thickness of walls if you’re inside a building.
This means there may be differences between the coverage prediction and your experience.
EE- Good in-home and outdoor O2- Variable in-home, good outdoor Three-UK- Variable in-home, good outdoor Vodafone - Good in-home and outdoor We recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
FLOOD RISK: Yearly chance of flooding: Rivers and the sea: Very low. Surface water: Very low. CONSTRUCTION: Traditional This information must be confirmed via your surveyor and legal representative.
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.
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About Limekiln Court, Wallsend
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