1-bedroom flat · NE15 8TB
Listing removedListed 231 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented first floor studio flat, offering an excellent opportunity for first-time buyers and investors alike.
Situated in a convenient and sought-after location, this property benefits from easy access to local amenities, transport links, and nearby attractions.
The accommodation comprises a bright studio room with ample space for living and sleeping areas, a fitted kitchen, and a separate bathroom/W.C.
This property is offered with no onward chain, ensuring a smooth and straightforward purchase process.
With strong rental potential and low maintenance requirements, it represents an attractive addition to any investment portfolio.
Early viewing is highly recommended to fully appreciate the potential this property has to offer.
Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains Electric Broadband: Not Known Mobile Signal Coverage Blackspot: No Parking: Allocated Parking Space Mining The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.
Confirmation should be sought from a conveyancer as to its effect on the property, if any Leasehold. It is understood that this property is leasehold.
Should you decide to proceed with the purchase of this property, the Tenure and associated details and costs must be verified by your Legal Advisor before you expend costs.
Length of Lease: 120 years from 01/09/1981 Ground Rent: £74.00 Per Annum Service Charge: £39.00 Per Annum Buildings Insurance Premium: £168.00 (including service charge) Any maintenance cost associated with communal areas are shared between the owners of the 8 flats in the block.
Council tax band: A EPC rating: C Lounge/Bedroom (15' 5'' x 8' 8'' (4.70m x 2.64m)) Two Double gazed windows, electric heater and a television point.
Kitchen (8' 6'' max x 5' 10'' max (2.59m x 1.78m)) Fitted with a range of wall and base units with work surfaces over, stainless steel sink with drainer, splash back tiles, plumbing for automatic washing machine and a double glazed window Dressing Room (8' 6'' x 4' 0'' (2.59m x 1.22m)) Shower Room Fitted with a low level W.C wash hand basin, walk in shower cubicle, part tiled walls and storage unit.
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
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FAQ
About 44, Alverston Close, Newcastle Upon Tyne
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