2-bedroom flat · NE3 1TF
To rentListed 23 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
WRENDALE COURT, SOUTH GOSFORTH......This new build flat is worthy of an early viewing and will appeal to many prospective tenants. Available fully furnished.
The property offers lounge with fitted kitchen area with white goods, bathroom/wc, two bedrooms.
Benefits from double glazed windows, economical electric heaters and being ideally located next to amenities. The bus , Metro, local shops and schools are all within easy striking distance.
Viewing essential. There is also an allocated parking space. COMMUNAL ENTRANCE Communal lift and staircase up to top floor flat. Entry phone security system.
OPEN PLAN/LOUNGE/KITCHEN With double glazed window, electric heater, open to kitchen area and has sofa and table.
KITCHEN AREA 3.05m (10'0) x 3m (9'10) Range of fitted wall and floor units with worktops with inset sink and drainer.
Electric oven and hob with extractor hood, washing machine, fridge/freezer and double glazed window.
MASTER BEDROOM 4.67m (15'4) x 2.62m (8'7) Front Double - With electric heater, double glazed window. En-suite off. EN-SUITE Shower cubicle, w.c., and washbasin. Part tiled walls.
BEDROOM TWO 3.71m (12'2) x 2.51m (8'3) Rear double room, electric heater and double glazed window.
BATHROOM /WC With low level w.c., pedestal washbasin, panelled bath with shower over and part tiled walls and electric heater. EXTERIOR Communal parking to the front of the building.
Affordability In order to rent one of our properties, you will need to demonstrate that you can afford the rental payments.
The test that we apply is normally that you must have a total monthly income amounting to 2.5 times the monthly rent or a total annual income of 30 times the monthly rent.
For example, if the rent is £1,000 PCM, then you will need a monthly income of £2,500 or an annual income of £30,000.
You should also advise us if you have any adverse credit history, as this could affect the results of the referencing checks carried out on all prospective tenants.
Application To proceed to rent one of our properties, you will have to complete our simple online application forms and upload some ID information.
You will then receive a Holding Deposit Agreement and pay a Holding Deposit of one weeks' rent within our online portal.
The holding deposit will be used as part of the first rent payment upon signing the tenancy agreement.
The Holding Deposit Agreement will give you details of the circumstances that could lead to your holding deposit becoming non-refundable, as per the terms of the Tenant Fees Act 2019.
Material Information Whilst every care has been taken to prepare these particulars, they are for guidance purposes only.
All measurements are approximate and are for general guidance purposes and they should not be relied upon. Potential tenants are advised to recheck the measurements.
EPC Rating: B Council Tax The GOV.UK website states the property is Council Tax Band: B Broadband & Mobile Coverage The Ofcom website states the average broadband download speed of 16 Mbps and a maximum download speed of 1800 Mbps at this postcode: NE3 1TF and mobile coverage is provided by EE, Three, O2, Vodafone.
The checker results are predictions and should not be regarded as guaranteed.
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.
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 advisers 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.
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FAQ
About Wrendale Court, South Gosforth
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