2-bedroom flat · NE12 7PD
Listing removedListed 149 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary A delightful ground floor apartment located in Regents Court in this ever sought after part of West Moor.
Close to local schooling, it is perfectly placed close to the shops and amenities of West Moor, as well as excellent transport links into the city and beyond, with Palmersville and Four Lane Ends Metro Station's in close proximity.
Well presented and ready to move into we would recommend an early inspection. Please contact the Forest Hall Branch on or email for further information and viewings.
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- 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: 775.00 Hallway Laminate wood effect flooring, built-in storage cupboards, central heating radiator.
Open Plan Lounge/Kitchen (6.17m x 4.03m) UPVC double glazed window to the front elevation, laminate flooring, radiator.
Kitchen Area A range of fitted wall and floor units with complimenting work surfaces, built-in electric oven and gas hob, chimney style cooker hood, breakfast area, UPVC double glazed window to the side elevation, integrated fridge/freezer.
Bedroom One (3.12m x 3.07m) UPVC double glazed window to the rear elevation, radiator, built-in storage cupboard.
Bedroom Two (3.05m x 2.23m) UPVC double glazed window to the rear elevation, central heating radiator, laminated flooring, built-in cupboard.
Shower Room Comprising a three piece suite;, step-in shower cubicle, tiling to the walls, pedestal wash basin, low level w/c, UPVC double glazed window to the side elevation.
Allocated Parking To the rear of the property there is allocated parking.
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
FAQ
About 3, Regents Court, Newcastle upon Tyne
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