2-bedroom terraced house · NE10 8SL
To rentListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Two Bedroom Unfurnished End Terrace House in Leam Lane!!!!
We are delighted to welcome to the rental market this Two-Bedroom Unfurnished End Terrace House, ideally situated in the established residential area of Leam Lane, Gateshead.
Offering spacious accommodation throughout, the property is well suited to for anyone looking for a comfortable home with convenient access to local amenities and transport links.
The accommodation briefly comprises an entrance hallway leading into a bright and welcoming lounge, featuring an attractive bay window which allows plenty of natural light into the room, together with a feature fireplace creating a charming focal point.
Completing the ground floor is a kitchen. To the first floor, the property offers two generously proportioned double bedrooms and a family bathroom.
Externally, the property benefits from gardens to both the front and rear, providing useful outdoor space.
A selection of local shops, convenience stores and everyday services can be found nearby, while additional shopping and leisure facilities are available in Gateshead and Newcastle city centres.
Please note redecoration and garden tidy will take place before a new tenant moves in. ENTRANCE HALLWAY Upvc door to entrance hall with radiator and stairs off.
LOUNGE 4.14m (13'7) x 4.01m (13'2) Feature fireplace, bay window to the front and radiator.
KITCHEN/DINER 5.92m (19'5) x 3.12m (10'3) reducing to 6'7" White wall and base units, integrated gas hob, oven and extractor hood. Stainless steel sink unit, door and window to the rear.
Two radiators. FIRST FLOOR LANDING Window to the side and storage cupboard. FRONT DOUBLE BEDROOM 4.95m (16'3) x 2.9m (9'6) Two windows to the front, radiator and built in storage.
REAR DOUBLE BEDROOM 3.45m (11'4) x 2.67m (8'9) Window to the rear and radiator. BATHROOM 2.26m (7'5) x 1.75m (5'9) White panelled bath, low level w.c., wash hand basin. Two windows to the rear.
EXTERNALLY Gardens to the front and rear.
Broadband & Mobile Coverage The Ofcom website states the average broadband download speed of 3 Mbps and a maximum download speed of 5500 Mbps at this postcode: NE10 8SL and mobile coverage is provided by EE, Three, O2, Vodafone.
The checker results are predictions and should not be regarded as guaranteed.
Council Tax The GOV.UK website states the property is Council Tax Band: A EPC Rating: D Affordability In order to rent one of our properties, you will need to demonstrate that you can afford the rental payments.
The test that we apply is normally that you must have a total monthly income amounting to 2.5 times the monthly rent or a total annual income of 30 times the monthly rent.
For example, if the rent is £1,000 PCM, then you will need a monthly income of £2,500 or an annual income of £30,000.
You should also advise us if you have any adverse credit history, as this could affect the results of the referencing checks carried out on all prospective tenants.
Application To proceed to rent one of our properties, you will have to complete our simple online application forms and upload some ID information.
You will then receive a Holding Deposit Agreement and pay a Holding Deposit of one weeks' rent within our online portal.
The holding deposit will be used as part of the first rent payment upon signing the tenancy agreement.
The Holding Deposit Agreement will give you details of the circumstances that could lead to your holding deposit becoming non-refundable, as per the terms of the Tenant Fees Act 2019.
Material Information Whilst every care has been taken to prepare these particulars, they are for guidance purposes only.
All measurements are approximate and are for general guidance purposes and they should not be relied upon. Potential tenants are advised to recheck the measurements.
The Agent of the North Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs.
Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on
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.
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