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See how verdicts work2-bedroom flat · NE25 8SU
Sold STCListed 239 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
WELL PROPORTIONED TWO BEDROOM GROUND FLOOR FLAT SITUATED WITHIN THIS POPULAR RESIDENTIAL AREA IN MONKSEATON OFFERED WITH NO UPPER CHAIN We welcome to the market this well presented two bedroom ground floor flat with rear garden conveniently located close to local shops and amenities in Monkseaton.
Benefitting from good sized accommodation, modern kitchen and bathroom, in addition to front and rear gardens. Ideal purchase for a first time buyer, downsizer or buy to let investor.
Briefly comprising: Private entrance hallway giving access to all rooms. Overlooking the front of the property is the living room featuring a bay window allowing plenty of light to fill the room.
The modern kitchen has a good range of fitted wall and base units, integrated appliances include an electric hob, oven, extractor fan, space for a fridge/freezer and plumbing for a washing machine.
A door opens out to the rear garden. There are two bedrooms, one of which has a bay window offering views over the rear garden. The bathroom comprises a bath with shower over, hand basin and W.C.
Externally there are gardens to the front and rear.
This property is ideally located close to the centre of Monkseaton and Whitley Bay, both of which offer a fantastic range of shops, cafés and restaurants.
It is also within walking distance to the Metro station and is well placed for ease of access to major road links in to the city centre and other coastal towns.
Private Entrance Hallway - Living Room - 3.71m x 3.63m (12'2" x 11'10") - Kitchen - 3.48m x 2.44m (11'5" x 8'0") - Bedroom One - 3.72m x 3.23m (12'2" x 10'7") - Bedroom Two - 2.98m x 2.40m (9'9" x 7'10") - Bathroom - 2.90m x 1.44m (9'6" x 4'8") - Externally - Externally there is a garden to the rear and front which is shared.
Tenure - Leasehold
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.
Area
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FAQ
About Closefield Grove, Monkseaton
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