3-bedroom terraced house · NE28 9QH
Sold STCListed 426 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** This property is currently marked as "Sale Agreed," and no additional viewings will be conducted.
We welcome inquiries from anyone looking to sell their property and interested in obtaining one of our "Gone" boards. Please feel free to contact us.
** THREE BEDROOM MID TERRACE HOUSE ** GARAGE & SPACE FOR PARKING ** SOUTH FACING GARDEN LOW MAINTENANCE TO REAR ** SOUGHT AFTER LOCATION ** CLOSE TO LOCAL AMENITIES, SCHOOLS & EXCELLENT ROAD LINKS ** SPACIOUS KITCHEN/DINER ** 999 YEAR LEASE FROM 1964 ** LOW GROUND RENT ** COUNCIL TAX BAND B ** EPC RATING C ** Porch - Double glazed entrance door with window to the side, cloaks cupboard, inner door leading into the lounge.
Lounge - 4.79 x 3.99 (15'8" x 13'1") - Double glazed window, stairs to the first floor landing, laminate flooring, radiator.
Kitchen/ Diner - 4.79 x 3.33 (15'8" x 10'11") - Fitted with a range of wall and base units with work surfaces over, integrated oven and hob, sink unit.
Double glazed window, laminate flooring, radiator and double glazed door leading out to the rear garden. Landing - Cupboard housing the boiler.
Bedroom 1 - 3.70 x 2.70 (12'1" x 8'10") - Double glazed window, fitted wardrobes, radiator.
Bedroom 2 - 3.05 to robe x 2.84 (10'0" to robe x 9'3") - Double glazed window, fitted sliding door wardrobes, radiator.
Bedroom 3 - 2.34 x 2.05 (7'8" x 6'8") - Double glazed window, fitted wardrobes, radiator. Bathroom - 1.99 x 1.80 (6'6" x 5'10") - Comprising; bath with shower over, WC and wash hand basin.
Double glazed window, tiling to walls, radiator. External - Externally there is a garden to the front which is laid to lawn.
The rear garden is south facing and has artificial grass, paved patio and a rear access gate, this leads to a garage which is situated opposite in a block.
Lease Information - The property has a 999 year lease dated from 01/06/1964. Ground rent is £25 per year payable in two £12.50 instalments. Broadband -
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
About Addington Drive, Hadrian Park
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