3-bedroom semi-detached house · NE10 8DR
Listing removedListed 104 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spacious Unfurnished Semi Detached House on Graystones in the popular area of Leam Lane.
The property occupies a corner plot with a garden to the front, off road parking to the side and and enclosed garden to the rear. Also benefits from gas central heating and double glazing.
Accommodation comprises: Entrance hall, spacious lounge and breakfasting kitchen to the ground floor.
To the first floor there are three bedrooms all with fitted wardrobes, a wet room and a separate w.c.
The area is well served by reputable primary and secondary schools, making it particularly attractive for families.
There are also excellent transport links, with regular bus services and easy access to the A1, A184 and A194(M), providing convenient commuting to Gateshead, Newcastle upon Tyne, Sunderland and beyond.
Heworth Metro and Interchange is also within easy reach, offering Metro and rail connections across Tyne and Wear. Viewing recommended. ENTRANCE HALLWAY Stairs off, radiator, laminate flooring.
LOUNGE 5.47m (17'11) x 3.6m (11'10) Windows to the front and rear, feature fireplace, laminate flooring, radiator.
L SHAPED BREAKFASTING KITCHEN 5.32m (17'5) x 4.18m (13'9) Wall and base units, integrated electric oven, hob and cooker hood. One and a half bowl stainless steel sink unit, radiator, ceramic flooring.
Window to the front and rear and door to the rear garden. FIRST FLOOR LANDING Window to the rear, built in storage.
FRONT DOUBLE BEDROOM 3.12m (10'3) x 3.11m (10'2) Fitted robes with sliding doors, laminate flooring, built in storage, radiator, window to the front.
FRONT DOUBLE BEDROOM 3.16m (10'4) x 2.79m (9'2) Fitted robes, laminate flooring, built in storage, radiator, window to the rear.
REAR SINGLE BEDROOM 2.29m (7'6) x 2.25m (7'5) Window to the rear, fitted robes, radiator, laminate flooring. WET ROOM 1.85m (6'1) x 1.62m (5'4) Shower, wash hand basin, window to the rear.
SEPARATE TOILET Low level w.c., window to the rear. EXTERNALLY Gardens to the front and rear. PARKING Off road parking to the side.
EPC Rating: D 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 £2,0 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.
Broadband & Mobile Coverage The Ofcom website states the average broadband download speed of 2 Mbps and a maximum download speed of 5500Mbps at this postcode: NE10 8DR and mobile coverage is provided by EE, Three, O2, 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 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
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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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 advisors 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
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FAQ
About Graystones, Leam Lane
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