1-bedroom flat · NE29 6HA
To rentListed 37 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
BEAUTIFULLY PRESENTED FULLY FURNSIHED ONE BEDROOM FIRST FLOOR APARTMENT WITH WONDERFUL RIVER VIEWS SITUATED WITHIN COLLINGWOOD MANSIONS, NORTH SHIELDS.
Briefly comprising: Secure entrance into a stunning communal hallway with stairs to the first floor. The private hallway has a built in storage cupboard and an intercom entry system.
The spacious open plan lounge/kitchen/diner is a fantastic space boasting high ceilings, decorative coving and two large wooden sash windows to the front offering open river views.
There are modern fitted wall and base units which includes an induction hob, oven, extractor fan, microwave, fridge, freezer and washing machine.
Accessed from the hallway is a generous sized double bedroom featuring a door opening to a Juliette balcony which overlooks the communal terrace, the shower room comprises of a step in shower, hand basin and W.C.
Externally to the rear is a pleasant communal garden/terrace and access down to the underground garage with a secure designated parking space. This property is AVAILABLE NOW and on a FURNISHED basis.
Secure Communal Entrance - Private Hallway - Lounge/Kitchen/Diner - 6.19m x 5.11m (20'3" x 16'9") - Bedroom - 3.88m x 3.05m (12'8" x 10'0") - Shower Room - 3.01m x 19.4m (9'10" x 63'7") - Externally - Externally to the rear is a pleasant communal garden/terrace and access down to the underground garage with a secure designated parking space.
Tenant Information - Before your application can be considered, you will need to pay to us a holding deposit equivalent to one weeks' rent for the property you are interested in.
Once we have your holding deposit, current legislation stipulates that the necessary paperwork should be completed within 15 days or such longer period as previously agreed.
The holding deposit is the equivalent of one weeks rent. This is calculated by one months rent x 12 divided by 52.
For example a property with a monthly rent of £500 - £500 x 12 divided by 52 = holding deposit of £115.38. On the day of move in the first months rent and security deposit are payable.
The security deposit covers damages or defaults on the part of the tenant during the tenancy.
The security tenancy deposit will be the equivalent of five weeks rent: calculated by one months rent x 12 divided by 52 x 5.
For example a monthly rent of £500 x 12 = 6000 divided by 52 = 115.38 x 5 = security deposit £576.92. The first month's rent, and the tenancy bond as stated above is to be paid at the sign up stage.
All negotiations and payments are subject to contract. Company Lets - Reservation/Administration Fees are 60% of one months rent including VAT (minimum £250 inc VAT).
This fee covers costs for reserving the property, reference/credit checks, producing the relevant tenancy agreement and conducting Right to Rent checks.
These fees are NON REFUNDABLE and on a first come, first served basis. Please note that on extension to tenancy a renewal fee of £76.00 including VAT will be due.
The tenancy deposit/bond can be calculated as the monthly rent plus £50 (EG £450 monthly rent + £50 = £500 deposit). An additional tenancy deposit/bond may be requested for tenants with pets.
Identification - On submission of the application, two forms of identification will be required. One form of photographic identification (passport or driving license).
If you are a foreign national, we require proof of residency, e.g. Residence Permit or Visa.
As well as photographic identification, we require a proof of address (utility bill/council tax bill in your name at the given address).
From Companies, we require a proof of identity of the Director or Authorized Signatory, as well as proof of Directorship or proof of authority to sign.
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
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FAQ
About Collingwood Mansions, North Shields
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