1-bedroom flat · NE38 0HZ
For saleListed 1 day
Opportunity summary
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About
Guide price is £25,000 - £35,000 ONE BEDROOM FLAT WITH PARKING!
Currently let to established tenant for £550 pcm / £6,600 annually Auction Commencing on Monday 26th October at 1pm and ending 24 hours later on Tuesday 27th October from 11am with Auction House North East.
Please register to bid via our website - auctionhouse.co.uk/northeast A well presented, purpose-built one bedroom flat offering generous living space and a modern layout.
The property benefits from a private balcony, designated parking, and an excellent location within a well maintained development.
Accessed via a communal entrance with a secure telephone entry system, the flat is situated on the second floor. The hallway includes a walk-in storage cupboard housing the gas combination boiler.
The bright lounge opens onto a private balcony overlooking the courtyard, while the adjoining dining area leads into a fitted kitchen with white wall and base units, contrasting worktops, a stainless-steel sink, and integrated electric oven and hob.
The double bedroom features fitted wardrobes and furniture, providing ample storage.
A Purpose-Built One Bedroom Apartment with Private Balcony & Allocated Parking This well-presented purpose-built one bedroom apartment offers spacious and comfortable accommodation throughout, making it an ideal choice for a first-time buyer, professional or investor.
The property benefits from a private balcony overlooking the communal courtyard, together with a designated off-road parking bay.
The accommodation briefly comprises a communal entrance with telephone entry system and stairs leading to the second floor.
The apartment itself features a welcoming hallway with a useful walk-in cupboard housing the combination gas central heating boiler.
The generously proportioned lounge provides a comfortable living space with direct access to the private balcony, creating an attractive extension to the living accommodation and offering views over the courtyard.
The dining area opens into the fitted kitchen, which is equipped with an attractive range of white wall and base units, contrasting work surfaces, sink unit and integrated electric oven and hob.
The good-sized double bedroom benefits from fitted bedroom furniture, providing useful storage and completing the accommodation.
Externally, the property benefits from a courtyard with numbered parking bays, including a private allocated parking space providing convenient off-road parking.
Key Features: Purpose-built one bedroom apartment Spacious accommodation throughout Private balcony overlooking the courtyard Good-sized double bedroom Fitted bedroom furniture Modern fitted kitchen with integrated oven and hob Combination gas central heating Walk-in storage cupboard Telephone entry system Allocated off-road parking Well-presented throughout IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. QWS260359/2
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 Lumley Close, Washington, Tyne and Wear, NE38
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