2-bedroom flat · NE3 5QU
Listing removedListed 45 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FANTASTIC LOCATION IN SOUGHT AFTER MELTON PARK ESTATE AT GOSFORTH. Extremely well presented, modern first floor apartment available immediately on a furnished basis!
Benefitting from garage, driveway, and fabulous communal garden. Briefly comprising:- hallway, spacious lounge, kitchen, two double bedrooms and bathroom.
Situated in a green and leafy court, with excellent road links to A1, central Gosforth and City Centre.
With a wide range of easy to reach amenities including a great selection of independent eateries on Gosforth High Street, and local bus routes.
Viewings come highly recommended to appreciate the accommodation on offer. SECURE COMMUNAL ENTRANCE Stairs to first floor landing. ENTRANCE HALLWAY Carpeted flooring, radiator, storage cupboard.
LOUNGE 5.92m (19'5) x 3.88m (12'9) Upvc window, carpeted flooring, radiator and an electric wall mounted fire. Sofa, coffee table, TV unit, armchair, dining table with chairs and a bookshelf.
KITCHEN 2.56m (8'5) x 3.1m (10'2) Tiled walls and flooring, radiator, base and wall units with roll top work surfaces, stainless steel sink and drainer unit.
Under counter integrated fridge and freezer, electric oven, electric hob with extractor hood, plumbing for washing machine, wall mounted combi boiler, inset spotlights to ceiling.
BEDROOM ONE 4.9m (16'1) x 3.5m (11'6) Upvc window, carpeted flooring, radiator. Double bed, two bed side tables, two storage units and a mirror.
BEDROOM TWO 3.81m (12'6) x 2.33m (7'8) Upvc window, carpeted flooring, radiator. Double bed, desk with chair, bookshelf.
BATHROOM 3.1m (10'2) x 1.9m (6'3) Tiled walls and flooring, panelled bath, double shower, pedestal wash basin, low level w.c., extractor fan, inset spotlights to ceiling.
EXTERNALLY Garage with driveway and a communal garden.
Broadband & Mobile Coverage The Ofcom website states the average broadband download speed of 16 Mbps and a maximum download speed of 52 Mbps at this postcode: NE3 5QU and mobile coverage is provided by EE, Three, O2 and Vodafone.
*The checker results are predictions and should not be regarded as guaranteed.
Council Tax The GOV.UK website states the property is Council Tax Band: C EPC Rating: D 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 £900 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.
Material Information Whilst every care has been taken to prepare these particulars, they are for guidance purposes only.
All measurements are approximate and are for general guidance purposes and they should not be relied upon. Potential tenants are advised to recheck the measurements.
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 Low Gosforth Court, Melton Park
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