1-bedroom flat · NE12 9NL
Listing removedReduced £100 (−12.1%) on 21 JunListed 175 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Pattinson Estate Agents are pleased to welcome to the rental market this well-presented one bedroom apartment, ideally located in the popular residential area of Benton.
The property briefly comprises of an entrance hallway, a spacious and bright living area, a fitted kitchen complete with integrated oven, gas hob and overhead extractor fan, one double bedroom with built-in wardrobes providing excellent storage space, and a modern bathroom with a three-piece suite comprising of a walk-in shower.
Externally, the property benefits from resident parking and is situated within a well-maintained development.
Ideally located within close proximity to Forest Hall's shops, supermarkets, cafs and local amenities, the property also offers excellent transport links to Newcastle City Centre and surrounding areas, making it an ideal home for professionals and commuters alike.
The area itself offers a peaceful residential setting while remaining conveniently close to everyday amenities. Early viewing is highly recommended to fully appreciate the accommodation on offer.
Please contact the Forest Hall office to arrange a viewing: 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: 850.00 Length of Tenancy: 6 months External Externally, the property benefits from off-road parking with a number of available spaces for residents.
Living Room (3.74m x 3.00m) A spacious and bright living area, offering a comfortable space for both relaxing and entertaining.
Kitchen (2.60m x 1.54m) Fitted with a range of wall and base units complemented by work surfaces, incorporating an integrated under-counter fridge, oven, hob, and overhead extractor fan.
Bedroom 1 (2.78m x 2.91m) A generously sized bedroom featuring built-in wardrobes, creating a bright and airy space with ample storage.
Bathroom (1.53m x 2.13m) Comprising a three-piece suite including a low-level WC, wash hand basin, and a bath with shower over.
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 16 Oriole House, Lyndhurst Road, Newcastle upon Tyne
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