2-bedroom flat · NE16 3HT
Listing removedListed 142 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***available now*** Recently updated two bedroom ground floor flat, within easy access of local shops, transport links and the Metro Centre.
The property comprises of entrance hallway, lounge, kitchen, two bedrooms, a small utility area and a bathroom W/C.
Externally the property benefits from a low maintenance gravel garden to the front and enclosed yard to the rear. Parking available on street. Available immediately on an unfurnished basis.
EPC rating D. Lounge (11' 11'' x 11' 0'' (3.63m x 3.35m)) Built in cupboards. Kitchen (8' 1'' x 6' 5'' (2.47m x 1.95m)) Fitted with a range of wall and base units. Integrated oven and hob.
Space for washing machine (not included). Leading to utility area with space for fridge/freezer (not included). Bedroom 1 (14' 3'' x 10' 11'' (4.35m x 3.32m) max) Bay window.
Bedroom 2 (8' 3'' x 8' 2'' (2.52m x 2.50m)) Cupboard housing gas fired boiler. Bathroom (5' 7'' x 4' 8'' (1.71m x 1.41m)) Bath with shower over, wash basin, W/C.
Externally Low maintenance gravel garden to front. Enclosed yard to rear. Parking available in back lane.
Holding Deposit This holding deposit secures the property for you while we conduct your reference checks and goes towards your first months rent prior to move in. It is not an additional fee.
Additional Information Security deposit/bond equivalent to 1 months rent plus 1 months rent payable up front. EPC rating D. Council tax band A.
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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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 66, Ridley Gardens, Swalwell
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