2-bedroom flat · NE32 4TJ
Listing removedListed 155 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Immaculately Presented, Unfurnished Ground Floor Apartment on Fellgate Estate, Jarrow.
The bright, neutrally decorated internal accommodation comprises: Entrance porch, lounge, two well-proportioned double bedrooms, bathroom and a well-fitted kitchen.
Externally, there is a private garden to the rear and a garage in a nearby block. Chester Way is ideally located close to local amenties and transport links.
Additional benefits include UPVC double glazing and gas central heating. Early viewing advised. ENTRANCE PORCH Door to entrance porch, inner door leading to the lounge.
LOUNGE 4.52m (14'10) x 3.23m (10'7) Radiator, floor to ceiling window to the front. KITCHEN 2.62m (8'7) x 2.18m (7'2) Wall and base units with gloss front doors.
Stainless steel sink unit, gas oven, hob and cooker hood. Space for automatic washing machine and fridge/freezer. Door and window to the rear.
INNER HALLWAY FRONT DOUBLE BEDROOM 3.61m (11'10) x 2.57m (8'5) Window to the front, radiator, built in wardrobes.
REAR DOUBLE BEDROOM 2.95m (9'8) x 2.62m (8'7) Window to the rear, radiator, built in storage.
BATHROOM 2.08m (6'10) x 1.65m (5'5) Panelled bath with shower over, low level w.c., wash hand basin, towel warmer, storage cupboard. Window to the rear, Pvc panels to walls and ceiling.
EXTERNALLY Private garden to the rear. Viewings Our rental viewings are initially carried out via video streaming.
This allows us to get everyone interested in the property, to have a look quickly and conveniently. You don't have to wait for an appointment or take time off work to view it.
Once we have carried out some initial enquiries with potential tenants, you will still be offered a physical viewing before proceeding.
Affordability In order to rent one of our properties, you will need to demonstrate that you can afford the rental payments.
The test that we apply is normally that you must have a total monthly income amounting to 2.5 times the monthly rent or a total annual income of 30 times the monthly rent.
For example, if the rent is £1,000 PCM, then you will need a monthly income of £2,500 or an annual income of £30,000.
You should also advise us if you have any adverse credit history, as this could affect the results of the referencing checks carried out on all prospective tenants.
Deposits Fast and easy renting, secured with flatfair.
A deposit is required before any tenancy can begin and this can amount to up to 5 weeks' rent, so some of our rental properties are available with an optional, No Deposit product, provided by Flatfair.
When this is available, tenants can wave goodbye to costly deposits and it will be possible to secure your new home with a small, one-off check-in fee.
When it's time to go, you'll only pay for damages or unpaid rent you are responsible for. Ask us for full details and don't worry, if you would prefer a traditional deposit, that is always available.
Application To proceed to rent one of our properties, you will have to complete our simple online application forms and upload some ID information.
You will then receive a Holding Deposit Agreement and pay a Holding Deposit of one weeks' rent within our online portal.
The holding deposit 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.
Broadband & Mobile Coverage The Ofcom website states the average broadband download speed of 3 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE32 4TJ and mobile coverage is provided by EE, Three, O2 and Vodafone.
*The checker results are predictions and should not be regarded as guaranteed. EPC Rating: D Council Tax The GOV.UK website states the property is Council Tax Band: A
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
Agent & docs
FAQ
About Chester Way, Jarrow
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