2-bedroom flat · NE3 5JX
To rentReduced £50 (−4.8%) on 22 OctListed 19 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Pattinsons Gosforth are pleased to present to the rental market This recently fully-refurbished, delightful 2-bedroom lower flat in the heart of Gosforth, Newcastle upon Tyne, available for rent.
Situated in a prime central location, this residential property promises a vibrant urban lifestyle amidst the city's pulsating energy.
As you enter this inviting lower flat, you are welcomed by a comfortable reception area that sets the tone for the entire property with its warm and welcoming appeal.
The property boasts 2 spacious bedrooms featuring plenty of natural light, guaranteeing a restful retreat at the end of each bustling day.
The single bathroom is well-appointed with modern fittings ensuring optimum convenience and also benefitting from a private rear garden providing a perfect space to enjoy outdoor living, whether for relaxing or entertaining.
The property has recently undergone a thorough refurbishment with new kitchen, bathroom, usb sockets, new flooring throughout and fully decorated.
Residing at this address allows you to benefit from all that Gosforth has to offer.
It is within close proximity to excellent shopping centres, restaurants, and recreational facilities, making this an ideal abode for singles, couples or small families.
Experience comfortable living in the heart of Gosforth, Newcastle upon Tyne with this charming 2-bedroom upper flat, delivering convenience, location, and a touch of modern city living.
Please do not hesitate to contact Pattinson Estate Agents for further details and to arrange a viewing at this premium rental property.
Criteria essential no negotiation Affordability is calculated as 30x rent (Per Annum) - 31,500 Move in within 4 weeks Applicants must view the property 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: 1,075.00
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
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FAQ
About 80, Linthorpe Road, Newcastle upon Tyne
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