2-bedroom flat · NE3 2BZ
To rentListed 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
GROUND FLOOR APARTMENT IN SOUGHT-AFTER LOCATION. This two double bedroomed ground floor apartment is available for rent on Haydon Close.
Unfurnished and neutrally decorated throughout, the internal accommodation briefly comprises :- communal entrance, hallway, lounge, kitchen, bathroom/wc, and two generously proportioned bedrooms.
Within easy reach of local amenities to include shops, transport links and Newcastle International Airport.
Properties in this location rent quickly due to demand, therefore an early viewing is essential. COMMUNAL ENTRANCE Door leading to ground floor flat HALLWAY Door leading to lounge.
LOUNGE 4.98m (16'4) x 3.18m (10'5) Upvc window, wall mounted electric heater, wood flooring.
KITCHEN 2.16m (7'1) x 2.18m (7'2) Range fitted base and wall units, laminate worktops with stainless sink and drainer unit, electric oven, plumbing for washing machine, tiled floor, part tiled walls, Upvc window.
BEDROOM ONE 3.05m (10') x 3.07m (10'1) Rear Double- Upvc window, electric heater, laminate flooring, BEDROOM TWO 3.94m (12'11) x 2.46m (8'1) Rear Double- Upvc window, wall mounted electric heater, laminate flooring, storage cupboard.
BATHROOM Low level w.c, pedestal wash hand basin, panelled bath with shower over, ceramic tiling to walls and floor. EXTERNALLY Communal gardens.
Broadband & Mobile Coverage The Ofcom website states the average broadband download speed of 5 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE3 2BZ and mobile coverage is provided by O2, EE, Three and Vodafone.
The checker results are predictions and should not be regarded as guaranteed.
Council Tax The GOV.UK website states the property is Council Tax Band: A 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.
The Agent of the North Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs.
Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on EPC Rating: D
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.
Area
Agent & docs
FAQ
About Haydon Close, Red House Farm
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