2-bedroom flat · NE12 9HJ
Listing removedReduced £45 (−5.7%) on 23 JulListed 132 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Pattinsons are delighted to welcome to the market for rent this two bedroom first floor flat situated on Clarabad Terrace, in Palmersville.
Ideally located for access to all local amenities including the local shops, schools and has excellent Metro and transport links to the A19, Newcastle city centre and all other surrounding areas.
The property is presented to a high standard throughout and benefits from gas central heating and double glazing.
The internal accommodation briefly comprises: Entrance hallway with stairs to the first floor, lounge, modern kitchen, utility room with access to the rear yard, two bedrooms and re-fitted bathroom.
For further information or to arrange a viewing please contact: Or 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: 775.00 Length of Tenancy: 12 Entrance Hall UPVC double glazed door, stairs to the first floor.
Lounge UPVC double glazed window to the rear elevation, built-in storage cupboard, radiator.
Utility Area Door opening onto the rear stairs, UPVC double glazed window to the rear elevation, base units with complimenting surfaces, wall mounted boiler.
Rear Lobby UPVC double glazed window to the side elevation, radiator, door leading into the bathroom.
Bathroom Panelled bath with mains shower over, UPVC double glazed window to the rear elevation, tiling to the walls, low level W/C;, wall mounted chrome heated towel rail, vanity unit with wash basin inset.
Kitchen UPVC double glazed window to the rear elevation, wall and floor units with complimenting work surfaces, stainless steel drainer unit with mixer tap, built-in electric oven and gas hob, radiator.
Bedroom One UPVC double glazed window to the front elevation, radiator. Bedroom Two UPVC double glazed window to the front elevation, radiator. Yard Private yard to 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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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 8, Clarabad Terrace, Newcastle upon Tyne
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