2-bedroom flat · NE26 2LX
Sold STCListed 264 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superb CENTRAL LOCATION is on offer with this DELIGHTFUL LOFT APARTMENT set within a LANDMARK BUILDING close to all LOCAL AMENITIES (METRO and SHOPS) and only a short walk from the SEAFRONT.
Representing a SUPERB OPPORTUNITY for the FIRST TIME BUYER or as a 'LOCK UP AND GO' SECOND HOME, this lovely property is IMMEDIATLEY AVAILABLE. An early viewing is STRONGLY RECOMMENDED.
Attractively presented and well-appointed with 'all mod-cons', the property has an extensive roof top view as far as Tynemouth Priory whilst affording a most appealing lifestyle with spacious accommodation.
The building itself has a fantastic communal reception hallway giving access to the upper floors where the property itself includes a welcoming hallway, two double bedrooms, lovely living room with vaulted ceiling and open plan dining kitchen with appliances plus shower/WC.
There is a shared yard to the rear and also included is a private basement store. Representing a fabulous opportunity, this is a lovely home and strongly recommended for an early viewing.
To arrange a viewing call COOKE & CO. Energy rating D. Ground Floor Video door entry system to....
Communal Hallway A fabulous spacious reception hallway, ceramic tiled flooring and an elegant return staircase that leads to the upper floors.
Third Floor Private Hallway Modern electric radiator, built in ceiling lighting, loft access, double glazed window with distant sea view.
Lounge 4.75m x 3.94m A superb entertaining area with a vaulted ceiling with built in lighting, TV point, telephone point and two double glazed windows providing excellent natural light and also an extensive roof top view as far as Tynemouth Priory.
Additional Lounge photo Additional Lounge photo 2 Dining Kitchen 5.82m x 2.8m Enjoying an extensive roof top view with an outlook as far as Tynemouth Priory, a superbly equipped kitchen area that includes a modern electric radiator, one and a half stainless steel sink unit with drainer, fitted four ring hob unit with chimney style extractor hood over and oven beneath, built in fridge, freezer and dishwasher, plumbing for washing machine, an excellent range of wall and floor units, work surfaces incorporating a breakfast bar facility, built in ceiling lighting, two double glazed windows enjoying excellent natural light, space for table and chairs and leading through to the lounge area.
Bedroom One 4.24m x 3.6m Modern electric radiator, two double glazed windows for excellent natural light, three large eaves storage cupboards, fitted full height double wardrobe, TV point and built in ceiling lighting.
Additional Bedroom One Photo Bedroom Two 3.73m x 3.2m 'L' shaped in design and including a modern electric radiator, built in ceiling lighting, TV point, double glazed window and double glazed velux window with fitted blind.
Shower Room/WC 3.2m x 1.4m Superbly appointed to include heated towel rail, shower cubicle (with both hand held and fixed shower heads), pedestal wash basin, low level WC, vanity mirror, built in ceiling lighting and wall tiling.
External There is a communal yard to the rear and in the basement there is a private locked storage area (11' x 7' approx) with lighting.
There is on street parking (part permit controlled) available within the area.
Tenure We understand the following applies Leasehold: 150 years from 2016 Service Charge: currently £177 per month The vendor informs us that the owners of the properties within the building own a share of the freehold and as such the lease payments are not made to a management company or separate freeholder.
All prospective purchasers will need to verify this information with their legal advisor.
Mortgage Advice A comprehensive mortgage planning service is available via Darren Smith of NMS Financial Limited. For a free initial consultation contact Darren on .
**Your home may be repossessed if you do not keep up repayments on your mortgage** Council Tax Band North Tyneside Council – Band B Location Map Energy Performance Certificate EPC Rating D
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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FAQ
About Station Apartments, Whitley Road, Whitley Bay, NE26
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