1-bedroom flat · NE37 3EL
To rentListed 62 days · slow let
Opportunity summary
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About
Summary **apartment**one bedroom**two private balconies**gas central heating**EPC rating - C**popular location** Pattinson Estate Agents are delighted to welcome to the market this well presented one bedroom apartment, ideally located in the popular area of Sulgrave, Washington.
Perfectly positioned within close proximity to local shops and a range of everyday amenities, with excellent public transport connections and major road links via the A19.
Conveniently situated within walking distance of Usworth Colliery Primary School, as well as being a short drive from Herrington Country Park, 'The Galleries' Shopping Centre, Sunderland and Newcastle City Centres.
This well presented apartment is spacious throughout and briefly comprises:- Secure entry system into the complex, with stairs and an elevator providing access to each floor, followed by a communal entrance leading to the apartment.
The apartment itself consists of a hallway, open plan living space with a fitted kitchen, a double bedroom and a three piece bathroom.
Externally, this apartment benefits from two private balconies, as well as well maintained communal gardens and on street parking.
Early viewings come highly recommended to fully appreciate this great property. Please call to arrange a viewing..
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: 692.31 Complex Entrance There is a secure gated intercom system, which allows access to the complex. There is also stairs and an elevator that leads to each floor.
Apartment Entrance A communal door leads to the apartment entrance, which gives access to a staircase leading to the apartment hallway.
Hallway The hallway gives access to each room and a utility cupboard, which has plumbing for a washing machine.
Living Area (4.43m x 3.17m) Spacious living area with laminate flooring, a radiator, double glazed window and an external door leading to the balcony.
Living Area - Kitchen (4.43m x 3.17m) The kitchen area benefits from a range of upper and lower units with contrasting worksurfaces and matching splash back, a stainless steel sink unit and an integrated oven with a ceramic hob.
Bedoom (2.15m x 3.18m) Double bedroom with laminate flooring, a radiator, double glazed window and an external door leading to a West facing Balcony.
Bathroom (1.52m x 2.24m) Three piece bathroom benefiting from a paneled bath with an overhead shower, hand wash basin and WC. Vinyl tiled flooring, tile splash back and a radiator.
External Externally there are two private balconies and well presented communal gardens.
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.
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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 163, Waterloo Walk, Washington
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