2-bedroom flat · NE27 0FL
Listing removedListed 67 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description ** no tenant application fees ** Superb standard larger style two bedroom, two bathroom modern first floor apartment.
Includes hallway, spacious lounge with open plan kitchen including fully fitted integrated appliances, master bathroom, two good beds, master bed with ensuite shower room. Allocated parking bay.
Some pets may not be allowed. In this property. For viewings please email via this advert in the first instance.
EPC rating B notice regarding pets : Due to the government cap on damage deposits from 01.06.19 (5 weeks maximum damage bond) - we are unable to recommend pets to our clients without an agreed rental adjustment, this is typically around £5pw extra (varies depending on the property & pets).
Please ask our office if you wish to have pets considered on your application, and we can assess the pets proposed and confirm if an amended rent can be agreed with the landlord.
This statement does not confirm pets are acceptable for this property.
Holding deposits ; Once an agreement in principal is reached on any proposed letting to tenants, the tenant is asked to pay a holding deposit equivalent to one weeks rent on the property, before formal referencing is undertaken.
Our office will provide full terms and conditional applicable to holding deposits before any payment is taken.
Notice regarding free standing gas & electric appliances ; Any free standing appliances shown on photographs or present on viewings may not be included in the tenancy.
Please obtain confirmation in writing from our office as to the inclusion of any appliances which you require included within the tenancy, before you proceed with an application for any property.
Deposit: £980.76 Holding Deposit: £196.15
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 10 Hastings Drive, Shiremoor
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