2-bedroom flat · NE38 0HB
Let agreedListed 15 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Accommodation Comprises: • Entrance Hallway: Accessed via a uPVC front door, featuring a central heating radiator and three built-in storage cupboards.
• Lounge: Living area with double-glazed patio doors opening to decking and the rear garden, radiator, and access to the kitchen.
• Kitchen: Bright front-facing window, stylish fitted wall and base units with roll-top worktops, tiled splashbacks, mixer sink, plumbing for a washing machine, built-in electric oven & gas hob.
• Bedroom 1 (Double): Positioned to the rear with a double-glazed window, radiator. (Note: The layout fits a double bed comfortably).
• Bedroom 2 (Single): Positioned to the front with a double-glazed window and radiator.
• Bathroom: Fully modernised suite including a panelled bath with overhead shower and glass screen, pedestal wash hand basin, low-level WC, and radiator. • External: Rear garden and decking area
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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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
FAQ
About 76, Mitford Close, Washington
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