2-bedroom flat · NE38 8NB
Listing removedListed 49 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Riverside Residential Properties offers to the Rental market this first floor two bedroom apartment located in Lakesides Gardens, Columbia, with allocated parking and secure entry system.
Large and open plan first floor apartment situated in the private Lakeside Gardens complex in Columbia, The property comprises; hallway, two double bedrooms, a bright open plan living room and kitchen with integrated oven and hob, modern family bathroom with white suite and separate shower enclosure Entrance The property is accessed by a secure entry system leading into well maintained communal hallway and stairwell.
Lounge Spacious open plan lounge / dining / kitchen living space, decorated in tasteful tones and offering French doors to a Juliette balcony allowing the room to be bright and airy.
Neutral carpet flooring Kitchen Modern fitted wall and floor cabinets, integrated oven, hob and extractor hood Bedroom 1 Double bedroom with large bay window to the front of the property, decorated in neutral tones with carpet flooring.
Bedroom 2 Small double bedroom or ideal spacious home office.
Decorated in neutral tones with carpet flooring Bathroom Large bathroom with low level WC, wash hand basin with pedestal and bath, also offers a large corner shower enclosure with thermostatic mixer shower.
Externally The property offers a designated private parking space with ample visitor spaces available Located in the ever popular Columbia, Washington it is within catchment for local primary schools including Biddick and John F Kennedy.
The Galleries shopping centre is just a short drive away with a range of shops, including Sainsburys and Asda supermarkets, as well as Washingtons sports complex and swimming pool.
The property is close to road links, ideal for those needing to commute and bus routes are within easy reach. EPC Rating: C Parking - Allocated parking
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 Lakeside Gardens, Columbia, Washington, Tyne & Wear, NE38
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