2-bedroom flat · NE24 1NH
Listing removedListed 104 days · slow let
Opportunity summary
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About
Summary Beautifully Presented Two Bedroom Ground Floor Flat | Modern Kitchen & Shower Room | Sought After Location Available to let on Hambledon Street, Blyth, this stylish ground floor flat is offered Unfurnished and ready to move into.
The property features a bright open-plan lounge and dining area, a modern fitted kitchen, contemporary shower room, and two well-proportioned bedrooms.
Ideally located close to local shops, transport links and Blyth town centre.
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. - Self- will require an accountant's reference and should have accounts for a minimum of two years.
Net profit will be assessed against the affordability requirement of 30 times the monthly rental amount. - 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: A Deposit: 650.00 Entrance Hall Welcoming hallway with carpet flooring, central heating radiator and access to all main rooms.
Lounge / Diner A bright and spacious living and dining area featuring modern dcor, laminate flooring, neutral tones, dining table and chairs, sofa, and additional seating.
Double glazed window to the rear allowing plenty of natural light.
Kitchen Modern fitted kitchen with a range of grey wall and base units, contrasting worktops, tiled splashbacks, and stainless steel sink unit.
Integrated electric oven and hob with extractor, washing machine, fridge freezer, toaster, kettle, and microwave all included. Double glazed window to the side.
Master Bedroom A generous double bedroom positioned to the front of the property, fully furnished with twin single beds, wardrobes, bedside tables and a desk. Neutral dcor and carpet flooring.
Bedroom Two A comfortable single bedroom with bed, bedside table and lamp, radiator, and double glazed window. Finished in light tones with fitted carpet.
Shower Room Modern shower room comprising corner shower cubicle, pedestal wash hand basin, and low level w/c. Finished with stylish tiled walls, vinyl flooring and circular mirror.
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 81, Hambledon Street, Blyth
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