3-bedroom flat · NE8 3QX
To rentListed 842 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Beautiful duplex executive apartment with spectacular views, situated in the ever popular Baltic quays development for sale.
This stunning apartment is available fully furnished and ready to move into.
The accommodation briefly comprises:- reception hallway with spiral staircase to upper floor, downstairs cloaks/WC, lounge/dining room with balcony, stylish fitted kitchen, three bedrooms (one with en-suite facilities) and there is a main bathroom/wc.
The property also benefits from two secure parking bays. Viewings are highly recommended.
Give us a call to arrange your viewing on 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.
However, couples who have previously co-habited, are married or are in a civil partnership will have their incomes combined and assessed jointly.
- Self- will require an accountant's reference and should have accounts for a minimum of two years. - 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: G Deposit: 2,525.00 Length Of Tenancy: 6 months Entrance Hallway Convection heater, shelving, laminated flooring and spiral staircase.
Kitchen (2.89m x 3.26m) Double glazed window, stainless steel sink unit and waste disposal.
Fully intergrated kitchen comprising of washer dryer, dishwasher, electric cooker and hob, stainless steel extractor fan and fridge freezer.
Fitted wall and base units, rolltop works surfaces, extractor fan and ceramic floor tiles.
Lounge (6.70m x 8.34m) Open plan lounge diner kitchen, double glazed windows, convection heaters, television point, telephone point, laminated flooring, security entry phone, balcony and views.
WC Low level wc, pedestal wash hand basin, Heated towel rack, extractor fan and tiled splash backs Bedroom 1 (3.78m x 3.28m) Double glazed window, built in wardrobes, electric convection heaters, TV and Telephone point.
Patio doors to the Balcony. Door to en-suite. Bedroom 2 (4.94m x 4.58m) Double glazed window, electric convection heater, fitted wardrobes, TV and Telephone point.
Bedroom 3 (3.11m x 4.21m) Electric convection heater, Double glazed windows, TV and telephone point.
En Suite Low level WC, Shower cubicle, Pedestal wash hand basin, Heated towel rack, Ceramic tile flooring.
Family Bathroom Low level WC, Pannelled bath, Pedestal wash hand basin, Double glazed window, Heated towel rack, Ceramic tile 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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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 108 Baltic Quay, Mill Road, Gateshead
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