2-bedroom flat · NE28 7LT
Sold STCListed 131 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** CHAIN FREE ** TWO BEDROOM GROUND FLOOR FLAT ** SHARED YARD ** ON STREET PARKING ** ** WITHIN WALKING DISTANCE TO METRO STATION ** ENERGY RATING TBC ** ** COUNCIL TAX BAND A ** CLOSE TO LOCAL AMENITIES, SCHOOLS AND TRANSPORT LINKS ** ** LEASEHOLD - PEPPERCORN LEASE 999 years from 4 December 1990 ** Entrance - Composite door into inner lobby, timber door into hallway.
Hallway - 4.06 x 1.01 (13'3" x 3'3") - Laminate flooring, radiator, storage cupboard and access to bedroms and lounge.
Lounge - 4.21 x 3.94 max (13'9" x 12'11" max ) - Double glazed window, laminate flooring, electric fireplace, access to kitchen Kitchen - 3.08 x 2.23 (10'1" x 7'3" ) - Fitted with range of wall and base with complimentary work surfaces, built in electric oven and gas hob with over head extractor hood, sink unit and plumbed for washing machine.
Laminate flooring, double glazed window access to rear lobby. Rear Lobby - Composite door with access to rear yard, lamiunate flooring, storage cupboard and access to bathroom.
Bathroom - 2.44 x 1.96 (8'0" x 6'5") - Comprising: bath with overhead shower, WC, wash hand basin, ladder style radiator, double glazed window, fully tiles walls and floor.
Bedroom 1 - 4.25 x 3.93 (13'11" x 12'10") - Two double glazed windows, radiatior, picture rail and cornice. Bedroom 2 - 3.12 x 2.11 (10'2" x 6'11" ) - Double glazed window, radiator.
External - To the front there is residents permit parking and to the rear there is a shared yard.
Para - 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 outdoor, variable in-home O2- Good outdoor, variable in-home Three- Good outdoor and in-home Vodafone - Good outdoor, variable in-home We recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
FLOOD RISK: Yearly chance of flooding: Surface water: Very low. Rivers and the sea: Very low. CONSTRUCTION: Traditional. This information must be confirmed via your surveyor and legal representative.
Leasehold - 999 Peppercon Lease from 4 December 1990. This information must be confirmed with your Legal Representative.
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
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FAQ
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