3-bedroom flat · NE25 8AS
Sold STCListed 62 days
Opportunity summary
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About
SPACIOUS THREE BEDROOM FIRST FLOOR FLAT WITH PRIVATE YARD, LOCATED CENTRALLY WITHIN MONKSEATON - OFFERED WITH NO UPPER CHAIN We welcome to the market this attractive three bedroom first floor flat situated in Monkseaton, perfectly located close to shops, amenities and the Metro station.
Boasting spacious accommodation, versatile layout, period features and a private yard. Briefly comprising: Entrance vestibule to stairs leading to the first floor landing.
The living room offers a bright and airy space with a built in storage cupboard, the current owners are utilising this space as a dining room.
From here the kitchen can be accessed, fitted wall and base units are modern in design and provide plenty of storage, integrated appliances include a fridge, freezer, extractor hood, dishwasher and plumbing for a washing machine.
A doorway leads to stairs out to the rear yard. To the front of the property is a beautifully spacious bedroom which is being used as a living room.
The high ceilings offer a great sense of space and the large bay window allows plenty of light to fill the room. There are two further bedrooms, one of which is a generous double.
A useful study/dressing area provides access to the modern shower room, comprising a step in shower, hand basin housed within a vanity unit, W.C. and heated towel rail.
Externally to the rear is a good sized private yard with a lockable shed.
Monkseaton is a village on the outskirts of Whitley Bay, it has excellent local transport links, including the Metro station nearby, as well as road links in to the city centre and other local coastal towns.
It is within walking distance to Whitley Bay beach and its closeness to Whitley Bay itself means it benefits from everything this coastal town has to offer.
Entrance Vestibule - Hallway/Landing - Living/Dining Room - 3.89m x 3.39m (12'9" x 11'1") - Kitchen - 2.95m x 2.78m (9'8" x 9'1") - Bedroom One/Lounge - 5.21m x 3.80m (17'1" x 12'5") - Bedroom Two - 4.39m x 2.81m (14'4" x 9'2") - Bedroom Three - 2.77m x 2.75m (9'1" x 9'0") - Dressing Room/Study - 2.77m x 2.75m (9'1" x 9'0") - Shower Room - 2.67m x 1.56m (8'9" x 5'1") - Externally - Externally to the rear is a good sized private yard with a lockable shed.
Tenure - Leasehold
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.
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About Marmion Terrace, Monkseaton
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