2-bedroom flat · NE6 4JN
To rentListed 123 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Available from 6th July 2026 is this well presented three bedroom part furnished first flat ideally located close to all local amenities and transport links.
The property comprises; entrance area with stairs to the first floor, lounge, kitchen to the rear of the property with a good range of wall and base units, complimenting work surfaces, built in gas hob and electric oven, stainless steel sink with mixer tap, tiled splashback, UPVC double glazed door leading to the rear yard, UPVC double glazed window and radiator.
Three bedrooms and four piece bathroom/W.C. Externally to the rear is a private yard mainly paved with walled boundaries incorporating gate to rear lane.
The property benefits from gas central heating and UPVC double glazing. Virtual tour available at link below: Please call our Heaton office for more information or to book your 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: 875.00 Length of Tenancy: 6 Entrance Hall With stairs to the first floor.
First Floor Landing With doors off to the lounge, bedrooms and bathroom/WC.
Lounge (4.53m x 3.34m) UPVC double glazed window to the rear, gas fire set into feature surround, built in storage cupboard and radiator.
Kitchen (3.54m x 2.33m) To the rear of the property with a good range of wall and base units, complimenting work surfaces, built in gas hob and electric oven, stainless steel sink with mixer tap, tiled splashback, UPVC double glazed door leading to the rear yard, UPVC double glazed window and radiator.
Bedroom One (4.93m x 3.03m) UPVC double glazed walk in bay window to the front and radiator. Bedroom Two (2.92m x 2.53m) UPVC double glazed window to the front and radiator.
Bathroom/WC (2.98m x 2.50m) White four piece bathroom suite comprising; bath, corner shower cubicle, hand wash basin, low level WC, partially tiled walls, window and radiator.
Rear Yard Private rear yard mainly paved with walled boundaries incorporating gate to rear lane.
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 789, Welbeck Road, Newcastle upon Tyne
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