Studio flat · NE9 5XG
To rentListed 103 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available immediately is this one bedroom unfurnished studio flat situated within a Bernicia over 55's retirement development which is tucked away within this historic listed building.
The apartment is within the safe and secure Underhill which is set over two floors and benefitting from dedicated location coordinators who manage the building and provide tenancy support if required.
The property sits within landscaped gardens and has many communal spaces to enjoy. The property benefits from gas central heating, UPVC double glazing and a lift to all floors.
This location is very close to major transport facilities making it an ideal property to be able to visit both Newcastle City Centre and the Coast.
The property benefits from many advantages which are included in the rent and service charge.
They include: Large Private car parking Location Coordinator manages the building and can provide tenancy support Situated on quiet residential street in Walker Communal laundry facilities Large communal lounge Large communal kitchen that can be utilised on coffee mornings and location events CCTV system for first class security 24hr alarm service (if needed) for extra peace of mind This really is a rare opportunity to be part of a vibrant community in a well sought-after area of Low Fell.
Cost Breakdown Analysis: Correct as of July 2026 Rent £98.69 Water £9.74 Support alarm £0.94 Heating £12.26 Eligible Services £75.02 Please contact the Low Fell Branch for further information.
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-employed applicants 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: £735.00 Length of Tenancy: 6
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
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FAQ
About Kells Lane, Low fell, Gateshead, Tyne and Wear, NE9 5XG
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