2-bedroom flat · NE30 4PT
To rentListed 24 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** TWO BEDROOM SECOND FLOOR APARTMENT ** Situated at St. Vincent's House, Tynemouth ideally located for local shops and amenities.
Briefly comprising; secure communal entrance with stairs to all floors, entrance hallway, living room with patio doors and balcony, kitchen, two bedrooms and bathroom/w.c.
The property also benefits from double glazing and electric heating. The property is AVAILABLE 8th October 2026 on an UNFURNISHED basis.
Living Room - 5.14m x 3.50m - Double glazed window, double glazed door to french balcony, coving, electric heater.
Kitchen - 3.54m x 1.70m - Double glazed window, fitted wall and base units with roll top work surfaces, built in electric oven and hob, extractor hood, 1.5 sink unit with mixer tap.
Bedroom 1 - 3.70m x 2.91m - Double glazed window, electric heater Bedroom 2 - 3.20m x 2.34m - Double glazed window, electric heater Bathroom - Bath with shower over, low level WC, pedestal wash hand basin Tenant Information - Before your application can be considered, you will need to pay to us a holding deposit equivalent to one weeks' rent for the property you are interested in.
Once we have your holding deposit, current legislation stipulates that the necessary paperwork should be completed within 15 days or such longer period as previously agreed.
The holding deposit is the equivalent of one weeks rent. This is calculated by one months rent x 12 divided by 52.
For example a property with a monthly rent of £500 - £500 x 12 divided by 52 = holding deposit of £115.38. On the day of move in the first months rent and security deposit are payable.
The security deposit covers damages or defaults on the part of the tenant during the tenancy.
The security tenancy deposit will be the equivalent of five weeks rent: calculated by one months rent x 12 divided by 52 x 5.
For example a monthly rent of £500 x 12 = 6000 divided by 52 = 115.38 x 5 = security deposit £576.92. The first month's rent, and the tenancy bond as stated above is to be paid at the sign up stage.
All negotiations and payments are subject to contract. Company Lets - Reservation/Administration Fees are 60% of one months rent including VAT (minimum £250 inc VAT).
This fee covers costs for reserving the property, reference/credit checks, producing the relevant tenancy agreement and conducting Right to Rent checks.
These fees are NON REFUNDABLE and on a first come, first served basis. Please note that on extension to tenancy a renewal fee of £76.00 including VAT will be due.
The tenancy deposit/bond can be calculated as the monthly rent plus £50 (EG £450 monthly rent + £50 = £500 deposit). An additional tenancy deposit/bond may be requested for tenants with pets.
Identification - On submission of the application, two forms of identification will be required. One form of photographic identification (passport or driving license).
If you are a foreign national, we require proof of residency, e.g. Residence Permit or Visa.
As well as photographic identification, we require a proof of address (utility bill/council tax bill in your name at the given address).
From Companies, we require a proof of identity of the Director or Authorized Signatory, as well as proof of Directorship or proof of authority to sign.
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 St Vincents House, Tynemouth
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