2-bedroom flat · NE9 6UQ
Listing removedListed 143 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
MAIN DESCRIPTION Belle Vue Estates are delighted to offer to the rental market this deceptively spacious two bedroom SECOND FLOOR apartment situated in the popular location of Okehampton Court, Low Fell.
This well kept property benefits from communal entrance, hallway, two bedrooms, living room, kitchen and bathroom.
The purpose built block boasts double glazing, electric heating, communal lift and well kept communal gardens.
Ideally located within easy reach of local amenities including Team Valley Retail Park and the Metro Centre offering excellent shopping options.
A great local bus service is in operation in the area which also boasts a good choice of pubs, cafes and restaurants. COMMUNAL ENTRANCE Security entrance system. Stairs and lifts to all floors.
ENTRANCE HALLWAY 22' 9" x 3' 0" (6.949m x 0.933m) A welcoming hallway with intercom phone, coving and neutral décor.
The hallway benefits from laminate flooring, built in storage cupboard and an electric wall heater with decorative cover.
LIVING ROOM 16' 2" x 12' 3" (4.948m x 3.746m) A good size reception room with far reaching view from the double glazed window.
The room has an electric wall heater, fitted blinds and laminate flooring.
KITCHEN 8' 0" x 7' 6" (2.461m x 2.300m) Fitted with modern wall and base units and drawers with contrasting worktops and splash backs. Stainless steel sink and plumbing for washing machine.
Integrated hob, oven and extractor hood, space for free standing fridge freezer and tiled flooring. The room has a double glazed window with blind.
BEDROOM ONE 9' 11" x 13' 0" (3.042m x 3.974m) Recently decorated and newly fitted carpet.
The room boasts fitted wardrobes, electric wall heater and the double glazed window benefits from fitted blinds.
BEDROOM TWO 13' 4" x 7' 10" (4.085m x 2.393m) A second well presented bedroom with newly fitted carpet, tasteful décor and electric wall heater.
The room has a built in cupboard which houses a hot water tank. Double glazed window with blind.
BATHROOM 6' 3" x 5' 4" (1.908m x 1.646m) A modern bathroom comprising panelled bath with overhead shower, low level WC and vanity unit with hand basin and storage.
The room has PVC walls and ceiling, tiled flooring, extractor fan and a chrome towel warmer. EXTERNALLY The accommodation benefits from well kept communal gardens also a garage within a nearby block.
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 Okehampton Court, Cromer Avenue, Chowdene, Gateshead
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