2-bedroom flat · NE37 1EZ
To rentListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Welcome to Parsons House, a beautifully presented ground floor apartment located on Parsons Road in Washington.
This recently converted block offers a modern living experience, perfect for those seeking comfort and style.
The apartment features an inviting open plan living area, ideal for both relaxation and entertaining. With two bedrooms, it provides a cosy retreat for rest and rejuvenation.
The well-appointed bathroom adds to the convenience of this delightful home. As an unfurnished property, it offers you the opportunity to personalise the space to your taste, making it truly your own.
The apartment is designed with contemporary finishes, ensuring a fresh and appealing atmosphere throughout.
Parsons House is situated in a desirable location, providing easy access to local amenities and transport links, making it an excellent choice for professionals or couples.
This charming apartment is ready to let and awaits its new occupants. If you are looking for a well-presented living space in a vibrant community, this property is not to be missed.
Communal Entrance Entrance Hall Living Room/ Kitchen Bedroom 1 Bedroom 2 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 Parsons House, Washington
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