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See how verdicts work1-bedroom flat · NE28 9EZ
Sold STCListed 205 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** FANTASTIC FIRST TIME BUY ** ONE BEDROOM FIRST FLOOR FLAT ** ALLOCATED PARKING BAY ** ** MODERN KITCHEN & BATHROOM ** CUL-DE-SAC LOCATION ** HIGHLY POPULAR AREA ** ** BOARDFED LOFT SPACE WITH LADDERS & LIGHTING ** 189 YEAR LEASE FROOM 1983 ** ** COUNCIL TAX BAND A ** ENERGY RATING C ** Entrance - Double glazed entrance door with window to the side, stairs to the first floor landing.
Landing - Storage cupboard, radiator and access to the loft which is part boarded, has pull down ladders and lighting.
Lounge - 4.24 x 3.27 (13'10" x 10'8") - Double glazed, wall mounted electric fire, radiator.
Kitchen - 3.26 x 2.09 (10'8" x 6'10") - Fitted with a modern range of wall and base units with contrasting work surfaces over and sink unit, integrated oven and hob with extractor hood over, part tiled walls, double glazed window, radiator.
Bedroom - 3.18 x 3.12 (10'5" x 10'2") - Double glazed window, fitted sliding door wardrobes, radiator.
Bathroom - 2.10 x 1.65 min (6'10" x 5'4" min) - Bath with shower over, WC and wash hand basin with built-under storage, tiling to walls and floor, double glazed window, radiator.
External - Externally there is an allocated parking bay. Lease & Service Charge - The property has a 189 year lease dated from the 01/04/1983. Ground rent is £10 per year.
There is also a service charge which includes buildings insurance this is £842.11 per year, paid over ten monthly instalments @ £84.21 per month.
Material Information - BROADBAND AND MOBILE: At the time of marketing we believe this information is correct, for further information please visit 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.
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
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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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FAQ
About Mullen Gardens, High Farm, Wallsend
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