3-bedroom house · NE6 5AQ
Listing removedListed 98 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Available soon to rent is this three bed terraced property in Heaton. This property is suitable for three people sharing or families.
The accommodation briefly comprises; Entrance hallway, good sized lounge, kitchen to the rear with a good range of wall and base units, complimenting work surfaces, built in electric hob and oven, fridge freezer, washing machine, door leading to utility room and door out to the rear yard.
On the first floor there is a Bathroom/WC and three bedrooms. The property benefits from UPVC double glazed windows and gas central heating.
Agents note: The back yard can be used for everyday use but tenants would be unable to park vehicles in the space as it will be reserved for the landlord.
Please contact the Heaton branch to arrange a 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: B Deposit: 1,525.00 Length of Tenancy: 6 months Lounge (3.95m x 3.91m) UPVC double glazed, laminate flooring and radiator.
Kitchen (2.42m x 4.20m) UPVC window the rear, laminate flooring, two storage cupboards and double radiator.
Base units, integrated electric cooker and hob with extraction fan, complimenting work surfaces, quartz sink with mixer tap and door to utility.
Utility (1.83m x 2.30m) Base and wall units with bench space and washing machine, door to rear yard. First Floor Landing Access to bathroom and bedrooms.
Bathroom (1.85m x 2.33m) White three piece bathroom suite comprising; bath with shower over, hand wash basin, low level WC, tiled walls, UPVC double glazed window and towel rail.
Rear Yard Paved with walled boundaries and garage gate top the rear.
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 22, Warwick Street, Newcastle upon Tyne
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