2-bedroom flat · NE46 3DF
To rentListed 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An attractive and well-positioned ground floor flat on the desirable residential street of Shaftoe Leazes, within easy walking distance of Hexham town centre, local schools, The Sele park and the town’s independent shops, cafés and amenities.
The property is currently undergoing a comprehensive refurbishment and will be presented in fresh, ready-to-move-into condition.
The accommodation comprises a bright living room with a bay window, offering pleasant natural light and a welcoming outlook.
There is a generous double bedroom with two useful storage cupboards, and a second, smaller double bedroom.
The breakfasting kitchen provides practical space and room for a small dining table, while the bathroom is being fully renovated as part of the works.
Outside, the flat benefits from a small front garden that adds welcome kerb appeal, together with a private rear yard. Parking is available on-street.
The property is being fully refurbished throughout, including a complete paint-through, new carpets and flooring, and a renovated bathroom, ensuring it will offer a clean, modern and comfortable home upon completion.
Shaftoe Leazes is an established residential street in Hexham’s popular west end, ideally placed for both everyday convenience and easy access to the surrounding Northumberland countryside and Hadrian’s Wall Country.
This presents an excellent opportunity to secure a freshly refurbished two-bedroom flat in a sought-after location. Viewings come highly recommended.
Services We have been advised the property has mains electricity, gas central heating, mains water and mains drainage.
Holding Deposit To secure a rental property while references are undertaken, we require a holding deposit equivalent to one week's rent.
This deposit reserves the property for up to 15 calendar days (unless agreed otherwise), is added to the full tenancy deposit (five weeks total) upon successful completion of tenancy documentation, and may be withheld if an applicant (or guarantor) withdraws, fails a Right-to-Rent check, provides false or misleading information, or does not sign the tenancy agreement within the 15-day period.
Referencing & Affordability Checks All applicants aged 18 or over must undergo referencing, which includes: Credit check – to ensure there is no adverse credit history (e.g.
CCJs), affordability Assessment – applicants must earn at least 30x the monthly rent in gross annual basic income where income includes salary, pensions, or benefits (excluding commission / bonuses), employment verification confirming start date, salary, and that the role is permanent (self employment requires an accountant's reference and should have accounts for a minimum of two years), landlord reference for current renters to confirm adherence to lease terms and responsible property care, and Right-to-Rent checks to validate each applicant's legal eligibility to rent in the UK.
Material Information Prospective tenants should review the following details before making any decisions.
Broadband speed for the area can be determined by entering the postcode into the Broadband Speed Checker (“UK’s No. 1 Broadband Speed Test”).
Mobile network coverage can be verified through the Ofcom website.
These particulars are intended to offer a fair representation of the property; however, accuracy cannot be guaranteed, and they do not constitute a contractual offer.
The particulars of this property are provided as general guidance for the tenant’s contract.
The Agent has not tested any apparatus, equipment, fixtures, fittings, or services and therefore cannot confirm whether they are operational or suitable for their intended use.
The tenant should not regard these details as statements of fact but must verify their accuracy through inspection or other means.
Items shown in photographs are not included unless specifically mentioned in the particulars. Measurements have been taken using the Matterport mapping system and may be subject to a margin of error.
For further information, please refer to the Consumer Protection from Unfair Trading.
About Us Mace Estates is your local, independent, award‐winning estate and letting agent covering the full Tyne Valley including Hexham, Northumberland, Cumbria, and Tyne and Wear.
We offer free, no‐obligation sales valuations and rental valuations, along with expert advice on selling, buying, letting and property management.
Whether you’re a homeowner looking to sell, a landlord seeking reliable tenants, or an investor exploring buy‐to‐let opportunities, our friendly team provides accurate valuations, 24/7 support and genuine local market knowledge.
From family homes, flats, and rural cottages to park homes, commercial units and investment properties, we’re here to help you achieve the best results across Hexham and the wider region.
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 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
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FAQ
About Shaftoe Leazes, Hexham
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