3-bedroom semi-detached house · NE15 6RP
Listing removedListed 56 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Appealing to a wide variety of buyers is this three bedroom semi detached house situated within this favoured residential area.
The property is ideally located close to all local amenities, good schools, and good transport links to Newcastle City Centre, the Coast and South Tyneside.
The accommodation comprises; entrance hall with stairs to the first floor, lounge, dining room, kitchen 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, space for appliances, UPVC double glazed door leading to the rear garden, UPVC double glazed window and radiator.
To the first floor, three bedrooms and four piece bathroom/WC.
Externally to the front is mainly laid to lawn with driveway providing off street parking with fenced and walled boundaries, to the rear is a private garden which is mainly laid to lawn with paved area and fenced boundaries.
The property benefits from gas central heating and UPVC double glazing. Properties in this area are extremely in demand so view early to avoid disappointment.
Virtual tour available at link below: Please contact the West Road Branch for further information or viewings 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: 1,153.85 Entrance Hall With doors off to the lounge, dining room, kitchen and stairs to the first floor. Lounge UPVC double glazed window to the rear and radiator.
Dining Room UPVC double glazed walk in bay window to the front and radiator.
Kitchen 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, space for appliances, UPVC double glazed door leading to the rear garden, UPVC double glazed window and radiator.
First Floor Landing With doors off to the bedrooms and bathroom/WC. Bedroom One UPVC double glazed window to the front and radiator. Bedroom Two UPVC double glazed window to the rear and radiator.
Bedroom Three UPVC double glazed window to the front and radiator.
Bathroom/WC White four piece bathroom suite comprising; shower cubicle, bath, hand wash basin, low level WC, tiled walls, tiled floor, UPVC double glazed window and heated towel rail.
Rear Garden Private rear garden mainly laid to lawn with paved patio area and fenced boundaries.
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
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FAQ
About 24, Benwell Grange Avenue, Newcastle upon Tyne
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