2-bedroom flat · NE11 9BN
Listing removedReduced £45 (−5.7%) on 15 AugListed 106 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Lightning Estates are delighted to offer for let this beautifully presented and spacious Two bedroom end Terrace House ideally located on Haig Street NE11 The property benefits from a convenient location close to the city centre, well-regarded local schools, and excellent transport link.
Open plan spacious kitchen dinner 2 Bedrooms Downstairs family bathroom Upstairs toilet Popular Area Move in requirements Month Rent up front £795 Home owner Guarantor and Deposit £795* Current landlord reference Energy Rating C Council Tax Band A Don`t miss out on this fantastic opportunity!
Contact us today to express your interest and arrange a viewing. We anticipate a high level of interest, so act swiftly to secure this wonderful property. Construction materials used: Brick and block.
Electricity source: Mains. Heating Supply: Central heating (electric).
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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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 116 Haig Street, GATESHEAD
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