2-bedroom flat · NE12 6YE
Listing removedListed 67 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious two-bedroom first-floor flat is now available to rent on an unfurnished basis, ideally situated close to Killingworth Shopping Centre.
The property briefly comprises an entrance hallway leading to a generous lounge/dining room, modern kitchen, two good-sized double bedrooms and a modern shower room.
Externally, the property benefits from parking, while its excellent location places Killingworth Shopping Centre, bus station and leisure centre all within easy reach, providing a fantastic range of shops, amenities and transport links close by.
Northwood Tyneside Ltd is a member of The Property Ombudsman Scheme and the Propertymark Client Money Protection Scheme.
Our landlord and tenant fees can be found at the following links Landlord Tenant EPC rating: C.
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 Wallington Court, Killingworth, NE12
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