3-bedroom flat · NE6 5LF
To rentListed 41 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Available from 1st October 2026 and to be let on an unfurnished basis is this three/four bedroom maisonette located on this popular residential street.
The property comprises; entrance hall with stairs to the first floor landing, open plan lounge/kitchen/diner with a good range of wall and base units, complimenting work surfaces, built in electric hob and oven, stainless steel sink with mixer tap, tiled splashback, space for appliances, UPVC double glazed door to the rear yard, two double glazed windows, two Velux windows and radiator.
Two bedrooms, guestroom/home office and family bathroom/WC. To the second floor is the master bedroom with ensuite. Externally to the rear is mainly paved with walled and fenced boundaries.
Virtual tour available at link below: Agents note: This property does not have a HMO licence so can not be let out to more than two individuals from separate households.
Please contact the Heaton Branch for further information and 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: 1,615.38 Entrance Hall With stairs to the first floor landing.
Living Area (6.87m x 6.25m) Open plan lounge/kitchen/diner with a good range of wall and base units, complimenting work surfaces, built in electric hob and oven, stainless steel sink with mixer tap, tiled splashback, space for appliances, UPVC double glazed door to the rear yard, two double glazed windows, two Velux windows and radiator.
Bedroom Two (4.12m x 3.80m) Situated on the first floor with UPVC double glazed walk in bay window to the front, built in shelving and radiator.
Bedroom Three (4.10m x 2.35m) Situated on the first floor with UPVC double glazed window to the front, built in clothes rail, built in shelves and radiator.
Guest Room/Home Office (3.76m x 2.34m) Situated on the first floor with window leading to the living area allowing natural light into the room, built in bunk bed and radiator.
Bathroom/WC (2.54m x 2.31m) White four piece bathroom suite comprising; freestanding bath, hand wash basin, shower cubicle with rainfall shower and separate shower head, UPVC double glazed window and radiator.
Second Floor Landing With door off to the master bedroom.
Master Bedroom (5.98m x 5.83m) Situated on the second floor with Velux windows to the front and rear, ensuite shower room/wc, storage into the eaves and radiator.
En-Suite Three piece shower room/WC comprising; shower cubicle, hand wash basin, low level WC and partially tiled walls.
Rear Yard Private rear yard which is mainly paved with walled 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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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 143, Simonside Terrace, Newcastle upon Tyne
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