4-bedroom house · NE29 8LU
Listing removedListed 148 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Pattinsons are delighted to welcome to the rental market this stunning four-bedroom, two-bathroom detached family home, ideally located on a popular residential estate with excellent access to Whitley Bay, Tynemouth and North Shields, along with a range of local amenities nearby.
Beautifully presented throughout, the property offers spacious accommodation including a welcoming entrance hall, lounge, dining room, modern kitchen, conservatory and ground floor WC.
To the first floor, the impressive master bedroom benefits from fitted wardrobes and an en-suite, alongside three further double bedrooms and a family bathroom.
Externally, the property boasts a double driveway, double garage and a generous private rear garden with lawn, mature borders and a large patio seating area, perfect for outdoor entertaining.
Early viewing is highly recommended. 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: E Deposit: 1,625.00 Living Room (4.4m x 3.5m) Double glazed window, radiator, modern wall mounted electric fire, doors to dining room.
Dining Room With laminate floor, double glazed French doors leading to conservatory.
Kitchen (4.60m x 3.07m) Fully fitted with a range of wall and floor units, integrated oven hob, extractor fan, fridge freezer, washing machine, dryer, door to the rear garden.
Conservatory (3.92m x 2.89m) With lino floor, blinds, doors to the rear garden.
Bedroom 1 (3.39m x 3.31m) Double bedroom to the front of the property with fitted wardrobes, double glazed window, radiator.
En-Suite (1.86m x 1.61m) Double glazed window, radiator, shower cubicle, low level wc, sink unit with storage. Bedroom 2 (3.93m x 3.34m) Double with fitted wardrobes, double glazed window, radiator.
Bedroom 3 (3.33m x 3.22m) Double bedroom with double glazed window and radiator. Bedroom 4 (3.25m x 2.58m) Double with fitted wardrobes, doubles glazed window, radiator.
Bathroom (2.22m x 1.69m) White suite, tiled walls, wash hand basin, wc, shower.
Rear Garden Private south/west facing rear garden laid to lawn with mature shrubs and trees and benefitting a lovely patio area.
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
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FAQ
About 101, Abbots Way, North Shields
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