2-bedroom terraced house · NE16 5XA
Listing removedListed 252 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Two Bedroom End Terrace house in a popular area. Ideal for Investment. Comprises: entrance lobby leading to stairs to the first floor, spacious lounge with open plan aspect into the dining area.
The modern kitchen is fitted with wall and floor units, integrated oven and hob and is plumbed for a washing machine with space for a fridge freezer.
The property boasts a good sized Sunroom with access to the rear garden. There are two bedrooms and the bathroom is complimented with a bath, wash hand basin and toilet.
The property has electric wall mounted heating and is fully double glazed. There are gardens to the front and a secure garden to the rear.
The property is Leasehold for a term of 99 Years from 1st June 1973 - 46 years remaining at the time of listing.
There is a charge of £25 per year to William Leech Builders Limited and there is no service charge payable. AGENTS NOTE: We understand that this property is of non-standard construction.
(please refer to the EPC for further information).
If you intend to apply for a mortgage at a later date, we strongly recommend checking with your lender prior to making an offer, as some lenders may have specific criteria for non-standard construction homes.
IMPORTANT INFORMATION – CASH BUYERS ONLY Please note this property is being offered for sale with a short lease of approximately 46 years remaining.
Due to the lease length, the property is not considered suitable for mortgage lending, and therefore cash buyers only are able to proceed.
Any purchaser should make their own enquiries regarding the cost and process of extending the lease or purchasing the freehold.
The seller has not obtained quotations or entered into negotiations regarding a lease extension.
We strongly recommend that interested parties seek advice from their solicitor or conveyancer prior to making an offer.
Situated within close proximity to local amenities, schools, and transport links, this property promises convenience and connectivity for its residents.
MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain.
Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
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. WCK260025/2
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 Kingsway, Sunniside, NE16
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