1-bedroom flat · NE40 4DE
To rentListed 117 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This flat has an entrance hall with open plan lounge / kitchen leading off, a double bedroom with fitted wardrobe and a wet room with w.c., basin and level access shower.
Heating and hot water are included in the weekly charge. Ridings Court is a very popular and attractive housing scheme for people aged 55 and over.
Set in pretty communal gardens at the back and close to the many amenities in Crawcrook, the accommodation is conveniently situated on the bus route to Newcastle, Metro Centre, Blaydon, Prudhoe and Hexham.
The two storey main block has an electronic entry system, lift access to the first floor and each flat has its own front door within the scheme.
Residents have the privacy of their own flat and the benefits of a community, with social activities enjoyed in the communal lounge. There is a communal laundry and small car park for residents’ use.
Each flat is connected to our 24 hour emergency response centre via a pull cord and intercom system with WiFi.
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
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FAQ
About Ridings Court, Crawcrook
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