3-bedroom semi-detached house · NE10 8LR
Listing removedListed 73 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Three bedroom Semi-Detached home offered on a Unfurnished basis. Available from 1st October. The property has been recently decorated by the current tenant.
The ground floor comprises an entrance hall with a storage cupboard and stairs leading to the first floor, and a spacious lounge to the front and separate dining room overlooking the back garden.
The kitchen features a built-in oven and gas hob with an extractor fan over plumbing for a washing machine, a storage cupboard, and a door providing access to the rear garden.
Please Note: Tenants will need to provide there own washing machine and fridge freezer. On the first floor, the landing includes a storage cupboard.
The front has a double bedroom and a smaller bedroom that benefits from a storage cupboard.
The second double bedroom is situated at the rear of the property, and the part tiled bathroom includes a shower over the bath and a radiator.
The front garden is enclosed and mainly laid to lawn, while the rear garden is also benefits from a patio area and also off street parking for one car.
The property also features double-glazed windows and a combi boiler.
To proceed to rent this property you will have to sign a Holding Deposit Agreement and pay a Holding Deposit of one weeks rent which will be used as part of the first rent payment upon signing the tenancy agreement.
The Holding Deposit Agreement will give you details of the circumstances that could lead to your holding deposit becoming non-refundable, as per the terms of the Tenant Fees Act 2019.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. QLP250154/2
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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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 Staneway, Leam Lane, Gateshead, NE10
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