2-bedroom flat · NE8 3QP
To rentReduced £25 (−3.4%) on 7 OctListed 27 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Pattinson Estate Agents are delighted to offer to let this two bedroom ground floor flat in Gateshead, featuring a spacious layout and a private rear courtyard. The property is unfurnished.
The entrance hallway welcomes you with a uPVC part glazed door, built-in storage, and a gas central heating radiator.
The lounge enjoys a double glazed window to the rear aspect, a wall mounted electric fire, and a gas central heating radiator.
The modern fitted kitchen is equipped with a range of wall and base units, contrasting work surfaces, a stainless steel sink, free standing electric cooker, fridge freezer, plumbing for a washing machine, and a combi boiler, with access to the rear courtyard via a uPVC part glazed door.
There are two bedrooms, with bedroom one offering a double glazed window to the front aspect and bedroom two to the rear, both with gas central heating radiators.
The family bathroom comprises a bath with mains shower over, pedestal wash hand basin, w.c, chrome towel radiator, extractor, and part tiled walls.
Externally, the large private enclosed courtyard provides gated access to the rear lane. Additional benefits include allocated parking, air source heat pump heating, and Council Tax Band A.
The flat is well positioned for access to Newcastle & Gateshead City Centre moreover excellent transport and Metro links to surrounding areas.
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: 836.00 Entrance/Hallway (5.50m x 0.98m) Upvc part glazed door leading to entrance, gas central heating radiator, built in storage; Bedroom One (5.11m x 4.09m) Double glazed window to front aspect, gas central heating radiator; Bedroom Two (3.27m x 2.27m) Double glazed window to rear aspect, gas central heating radiator; Lounge (4.50m x 3.85m) Double glazed window to rear aspect, wall mounted electric fire, gas central heating radiator; Kitchen (4.10m x 2.32m) A range of wall & base units with contrasting work surfaces, tiled splashbacks, stainless steel sink with taps over, free standing electric cooker, fridge freezer, plumbing for washing machine, gas central heating radiator, combi boiler, vinyl flooring, double glazed window to side aspect, Upvc part glazed door leading to rear court yard; Family Bathroom (2.14m x 1.61m) A suite comprising; Bath with mains shower over, pedestal wash hand basin, w.c, gas central heating chrome towel radiator, extractor, part tiled walls, tiled flooring, double glazed window to side aspect; External Rear Large private enclosed court yard, gated access to rear lane;
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 advisors 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 378, Sunderland Road, Gateshead
Explore nearby