3-bedroom terraced house · NE20 0SL
To rentListed 50 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Three bedroom mid- terraced property with stunning countryside views in the the village of Ingoe.
Hobbit House is a three bedroom mid- terraced property with stunning countryside views in the idyllic village of Ingoe.The property has been refurbished to a high standard and benefits from quality fixtures and fittings.
Comprising of; living room with inglenook fireplace, Woodwarm wood burning stove, bespoke built in under stairs storage, shelving and wooden flooring.
The kitchen has a range of wall and base units, granite worktops, double oven/microwave, integrated fridge freezer, dishwasher, feature wooden seating area, dining area and rear porch with storage.
On the first floor there are three bedrooms, the master with ornamental fireplace and fitted wardrobes.
The family bathroom has bath, overhead shower, marble sink set in a wooden vanity sink unit, toothbrush charger, Honister Green Slate window sill, useful built in cupboards housing a washing machine, tumble dryer and WC.
Externally there is a garden to the front with lawn, patio area and an outhouse to the rear.
SERVICES Mains water and electricity, LPG central heating to radiators also providing the domestic hot water.
CHARGES The tenant will be required to meet all outgoings including council tax. The holding deposit, equal to one weeks rent is payable upon the start of the application.
For all successful applicants any holding deposit will be offset against the security deposit with the agreement of the payee.
DEPOSIT £1148 will be lodged with the agents prior to the commencement of the tenancy. This sum will be returned at the termination of the tenancy subject to all commitments having been made.
VIEWINGS Viewing is strictly by appointment. Arrangements can be made by contacting YoungsRPS, Hexham on .
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 Richley Terrace, Ingoe, Newcastle Upon Tyne, NE20
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