3-bedroom flat · NE3 1HY
Listing removedListed 148 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Proudly presenting this charming, three-bedroom ground floor apartment, nestled in the heart of Gosforth, Newcastle upon Tyne.
This residential rental property boasts a meticulously planned layout with one reception room, providing the ideal setting for hosting or relaxing.
The property features a separate, fully-equipped kitchen, offering ample space to prepare meals and entertain guests alike.
The bedroom quarters are warm and inviting, offering three generous-sized bedrooms providing a haven of peace and tranquillity.
Moreover, there is a beautifully fitted bathroom that radiates a clean, modern feel, perfectly aligning with the overall aesthetic of the apartment.
Situated in central Gosforth, this apartment not only offers a comfortable living space but also a prime location with easy access to local amenities, providing everything you could possibly need at your doorstep.
The floorplan comprises Communal entrance hall, Lounge, kitchen, bathroom and three bedrooms, further benefits include gas central heating, double glazing, off road parking.
The property is available now. Tenant Referencing Criteria: Pattinson will undertake referencing checks on all applicants over the age of 18 wishing to move into a rental property.
As part of this process, we will undertake: • A credit check to ensure each applicant does not have any adverse credit such as CCJs (County Court Judgements).
• An affordability assessment to ensure applicant’s income will sufficiently cover the rental payments.
• To pass the affordability check, each applicant’s gross annual basic income (including benefits and pensions) must be at least 30 times the monthly rental amount (36 times for Ellinson properties).
EG If the rent is £500 PCM, applicants would need to earn £15,000 as an annual pension or basic salary (excluding commission/bonus) before tax or other deductions were made.
• Each applicant’s affordability is assessed individually against the criteria. • Self-employed applicants will require an accountant’s reference and should have accounts for a minimum of two years.
Net profit will be assessed against the affordability requirement of 30 times the monthly rental amount. • Employment checks to confirm your start date, salary and if your position is permanent.
• Homeownership checks (only if you are a homeowner) confirming your mortgage payments are up to date.
• A Landlord reference (if you are currently residing in rented accommodation) confirming you have abided by the terms of the lease.
This will check that the rent was paid on time and in full, there was no antisocial behaviour and the property was looked after in an appropriate manner. • ‘Right to rent’ ID checks.
If you do not meet the requirement, you WILL REQUIRE A HOMEOWNER GUARANTOR.
Council Tax Band: A Deposit: £1,025.00 Length of Tenancy: 6/12 months Communal Entrance Ground floor entrance door Lounge 3.9m x 4.9m Double glazed rear aspect window, built in cupboard, down lighting, laminate flooring, double radiator, intercom system, open plan into the kitchen.
Kitchen 3.2m x 3.5m Fitted wall and base units incorporating counter work tops with a single drainer sink unit, built in elcetic oven, gas hob and extractor hood over, combination boiler, washing machine, fridge and freezer, down lighting, laminate flooring, double glazed rear aspect window and door.
Bathroom White three piece comprising panelled bath with shower over, vanity wash hand basin, low level w.c. extractor fan, heated towel rail, down lighting.
Bedroom One 3.2m x 3.5m Double glazed front aspect window, double radiator, laminate flooring, down lighting.
Bedroom Two 2.9m x 3.2m Double glazed front aspect window, double radiator. down lighting, laminate flooring.
Bedroom Three 2.9m x 3.0m Double glazed rear aspect window, double radiator, laminate flooring.
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 Elsdon Road, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 1HY
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