1-bedroom flat · NE33 3LT
Listing removedListed 122 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well-presented ground floor apartment offers modern living in a secure development, with the added benefit of being furnished.
Neutrally decorated throughout, the home features a welcoming hallway with excellent storage, a stylish lounge with feature fireplace and glass brick detail, a well-equipped kitchen with integrated appliances, and a contemporary bathroom suite.
The property is further complemented by communal garden areas, allocated parking, and a handy bin store.
Ideally located close to the coast and town centre, with excellent local amenities and transport links nearby.
Communal Entrance Hallway Accessed via a secure entry system, the property offers communal stairs leading to all apartments, with a door through to the ground floor.
Hallway A neutrally decorated hallway with radiator and a large, useful utility cupboard housing the recently installed combi boiler, also providing excellent storage space Lounge (4.71 x 3.07 (15'5" x 10'0")) A neutrally decorated lounge featuring a stylish focal wall and an eye-catching fireplace, complemented by a glass brick feature that allows natural light to flow beautifully into the room.
Kitchen (2.55 x 2.33 (8'4" x 7'7")) The kitchen is fitted with a stainless steel sink unit, a wide range of modern wall and base units, and coordinating work surfaces with tiled splashbacks.
Appliances include a gas hob with electric oven and extractor hood, along with plumbing for a washing machine. A fridge and freezer are also included, making this a well-equipped and practical space.
Bedroom (3.9 x 2.68 (12'9" x 8'9")) Bathroom A neutral bathroom suite comprising a panelled bath with electric shower over, tiled surround and glass shower screen, pedestal wash basin and low-level WC.
Finished in a beige and white décor with spot lighting and radiator, creating a clean and modern feel.
External The property benefits from well-maintained communal garden areas, an allocated parking space, and a convenient bin store.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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.
Area
Agent & docs
FAQ
About 2, The Bridges, Spohr Terrace, South Shields
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