1-bedroom flat · NE37 1EZ
To rentReduced £20 (−2.9%) on 23 OctListed 47 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A charming ground floor apartment located at Parsons House in Washington.
This delightful one-bedroom property has been recently refurbished, offering a fresh and modern living space that is perfect for individuals or couples seeking comfort and convenience.
As you enter the apartment, you will be greeted by an inviting open plan living area that seamlessly combines the kitchen and lounge, creating a warm and sociable environment.
The design is both practical and stylish, making it an ideal space for relaxation or entertaining guests. The apartment benefits from electric heating, ensuring a cosy atmosphere throughout the year.
Additionally, you will find designated parking, providing you with the convenience of having your own space in this bustling area.
Parsons House is not just a place to live; it is a home that offers a blend of modern living and accessibility.
With its prime location, you will find yourself well-connected to local amenities and transport links, making it easy to explore the surrounding area.
This property is available to let, presenting a wonderful opportunity for those looking to settle in a vibrant community. Do not miss the chance to make this lovely apartment your new home.
Communal Entrance Hall Entrance Hall Open Plan Living Space Bedroom Bathroom
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.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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 7, Parsons House, Washington
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