2-bedroom flat · NE37 1EZ
Listing removedListed 104 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Welcome to Parsons House, a beautifully presented two-bedroom apartment located in Washington, near to The Galleries.
This modern property has been recently refurbished, offering a fresh and inviting atmosphere for its residents. The apartment is fully furnished, ensuring that you can move in with ease and comfort.
The two well-appointed bedrooms provide ample space for rest and privacy, making it an ideal choice for couples, small families, or professionals seeking a stylish living environment.
The modern kitchen is equipped with built-in appliances, allowing for a seamless cooking experience. The bathroom is thoughtfully designed, providing both functionality and comfort.
Electric heating throughout the property ensures a warm and cosy atmosphere during the colder months.
Additionally, the property benefits from parking facilities, a valuable feature in this desirable area.
Parsons House is not just a home; it is a lifestyle choice, combining modern living with convenience.
With its prime location and exquisite presentation, this property is sure to attract those looking for a comfortable and stylish residence in Washington.
Do not miss the opportunity to make this charming apartment your new home.
Communal Entrance With stairs and lift to all floors Communal Hall Entrance Hall With large cupboard housing washing machine and hot water cylinder Living/Dining/Kitchen Open plan, modern living with built-in appliances to the kitchen area Bedroom 1 Bedroom 2 Externally Barrier entry to car park with ample unallocated parking and EV charging points, bin store
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 31, Parsons House, Washington
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