2-bedroom flat · NE46 1AW
Let agreedListed 22 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Red Hot Sales & Lettings are delighted to offer to let this attractive property, situated within a popular residential development in the sought-after market town of Hexham.
Long Close is situated within easy reach of Hexham town centre, which offers a wide range of shops, cafés, restaurants, schools and everyday amenities.
The area also provides excellent access to surrounding Northumberland, with good transport links for commuters between Carlisle and Newcatsle.
The property benefits from a spacious living area, modern kitchen, spacious and well-appointed two bedrooms with additonal two bathrooms.
The first floor apartment is available on a fully furnished basis and comprises entrance hall, living room, dining kitchen, two double bedrooms, bathroom, en-suite shower room and a study/box room.
Externally the gated development has well-maintained communal gardens for residents and there is an allocated parking bay. Ideally situated for local shops and amenities.
Available furnished Council Tax Band D IMPORTANT PLEASE READ A holding fee equivalent to one week’s rent is required on application.
One month’s rent in advance and a bond equal to one month’s rent less the holding fee is required upon move in. Please contact the office for further information.
All tenancies will initially be for six months and renewed thereafter. Communal Entrance Secure intercom access, Hall and stairs to first floor apartment.
Entrance Hall Entry phone system, Storage cupboard, Double doors to: Living Room 5.2m x 5.1m Double glazed bay window and double glazed window to side, Underfloor heating.
Dining Kitchen 4.55m x 4.52m Wall and floor units, Integrated oven with hob and extractor hood, Integrated fridge-freezer, Integrated dishwasher, Integrated washer-dryer, Stainless steel sink and drainer, Part tiled, Double glazed bay window, Underfloor heating, Tiled flooring.
Bedroom One 4.22m x 3.68m Built-in wardrobe, Double glazed window, Underfloor heating.
En-Suite Shower Room 2.24m x 1.85m Walk-in shower cubicle with stainless steel shower, Wash basin, W.C., Part tiled, Underfloor heating, Heated towel rail, Tiled flooring.
Bedroom Two 3.43m x 3.02m Double glazed window, Underfloor heating.
Bathroom 2.3m x 1.78m Panelled bath with stainless steel shower over, Wash basin, W.C., Part tiled, Underfloor heating, Heated towel rail, Tiled flooring.
Study/Box Room 2.2m x 1.75m Double glazed window, Underfloor heating. External Allocated parking bay, Communal gardens.
Tenancy Costs A holding fee of 1 weeks rent is payable upon application and all properties are subject to a bond which can be up to the value of a month's rent, See our website for full details on the application process at redhotproperty.co.uk.
Disclaimer These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract.
Intending tenants must rely on their own inspection of the property.
None of the above appliances/services have been tested by ourselves, however all our properties are let with correct gas and electrical safety checks.
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 Long Close, Hexham, Northumberland, NE46
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