2-bedroom flat · NE38 0HZ
Listing removedListed 190 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Swift Moves AWARD WINNING Estate Agents offer this spacious upper flat is situated on Lumley Close.
Perfect for those taking their first steps onto the property ladder, or an investment opportunity, offered to the market with an affordable price tag.Well presented throughout, this lovely home boasts spacious rooms and comprises an entrance lobby leading into the internal hallway, lounge, two good sized bedrooms, a kitchen/diner and a stylish refitted bathroom.
The property is accessed via and secure entry system and has well maintained communal areas.
There is an allocated parking bay to the property.In a great, central location within walking distance to a range of shops and amenities at The Galleries.
Washington highway provides quick access links to the A1 for those needing to commute to surrounding areas. There is a choice of good local primary schools and parks near by.
Washington Leisure centre with gym and swimming pool is also just a 10 minute walk away.The property can be offered with NO UPPER CHAIN. Viewings come highly recommended to appreciate space on offer.
ENTRANCE HALL LOUNGE 15' 7'' x 10' 10'' (4.76m x 3.30m) KITCHEN/DINER 9' 6'' x 10' 10'' (2.90m x 3.30m) BEDROOM 1 15' 7'' x 10' 9'' (4.76m x 3.28m) BEDROOM 2 9' 11'' x 10' 10'' (3.02m x 3.29m) BATHROOM EXTERNALLY ALLOCATED PARKING SPACE.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Lumley Close, Oxclose Washington
Explore nearby
