2-bedroom flat · NE22 5QD
To rentListed 12 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary We offer a delightful first floor flat, located on the ever popular and conveniently placed Victoria Terrace. The home is well proportioned and offered on an unfurnished basis.
The accommodation is presented very well, briefly comprising: Entrance hall, spacious living room, two decent sized bedrooms and a fitted kitchen and bathroom.
The town centre is located nearby with its numerous shops and amenities. The Bedlington train station is situated just along the road and there is good access onto the A189 Spine Road.
For further information or to arrange an internal viewing, please contact the local lettings team on Tenant Referencing Criteria: Pattinson will undertake referencing checks on all applicants over the age of 18 wishing to move into a rental property.
As part of this process, we will undertake: - A credit check to ensure each applicant does not have any adverse credit such as CCJs (County Court Judgements).
- An affordability assessment to ensure applicant's income will sufficiently cover the rental payments.
- To pass the affordability check, each applicant's gross annual basic income (including benefits and pensions) must be at least 30 times the monthly rental amount (36 times for Ellinson properties).
Eg If the rent is 500 pcm, applicants would need to earn 15,000 as an annual pension or basic salary (excluding commission/bonus) before tax or other deductions were made.
- Each applicant's affordability is assessed individually against the criteria. - Self- will require an accountant's reference and should have accounts for a minimum of two years.
Net profit will be assessed against the affordability requirement of 30 times the monthly rental amount. - Employment checks to confirm your start date, salary and if your position is permanent.
- Homeownership checks (only if you are a homeowner) confirming your mortgage payments are up to date.
- A Landlord reference (if you are currently residing in rented accommodation) confirming you have abided by the terms of the lease.
This will check that the rent was paid on time and in full, there was no antisocial behaviour and the property was looked after in an appropriate manner. - Right to rent' id checks.
If you do not meet the requirement, you will require A homeowner guarantor. Council Tax Band: A Deposit: 686.54 Entrance Double glazed entrance door opening into the hall.
Staircase leading to the first floor landing. Access into the spacious living room. Living Room A good sized room which is located to the rear and nicely presented.
Double glazed window, storage cupboard, central heating radiator and access into the kitchen and bedrooms.
Kitchen Fitted with a range of wall and base units with preparation work surfaces and sink unit.
Built-in oven and gas hob, space and plumbing for washing machine and fridge/freezer, double glazed window to the side elevation, access into the inner hall.
Bathroom A white suite comprising: Low level WC, wash hand basin and pedestal wash basin. Tiling to walls, double glazed window to the side.
Inner Lobby Storage cupboard, double glazed window and access into the bathroom.
Bedroom One A generous sized double room situated to the front with a double glazed window and central heating radiator.
Bedroom Two Another decent sized room situated to the front with a double glazed window and central heating radiator. Outside There is a shared yard to the rear of the property.
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 66A, Victoria Terrace, Bedlington
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