2-bedroom terraced house · NE23 7JF
Listing removedListed 62 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This 2 bedroom home is available to move into as part of our Rent to Buy scheme. The home is complete with a fully fitted kitchen with French doors leading to the rear low maintenance garden.
You’ll also find a spacious family lounge and a downstairs WC. Upstairs, there are 2 bright, generous bedrooms and a family bathroom with cupboard storage.
Appliances included are gifted such as the oven/hob and extractor. There is a space for your own fridge freezer and washing machine. Any flooring is also gifted with this property.
The rent is £716.00 pcm. Includes service charge. The deposit is £716.00. With the Rent to Buy scheme you rent your home for a 5-year period at an intermediate rent of 80% to market rent.
To be eligible, you must be in employment. The idea is that this allows you to save up for a deposit in this time period.
After the 5 year rental period, you will then have the opportunity to purchase your home (100% including freehold) directly from Hellens Residential at market value.
The rent that you pay throughout this time does not contribute to the purchase of property.
If after 5 years you do not want to buy then you are able to continue renting at market rent levels, end your tenancy, or we may sell the property on the open market.
The 5-year rental period is as follows: 1-year probationary tenancy (You are not able to end your tenancy is this period) 2-year fixed tenancy 2-year fixed tenancy Apply directly through our website click RENT A HOME then APPLY FOR A HOME to be offered a viewing.
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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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
FAQ
About Western Terrace, Dudley, North Tyneside
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