2-bedroom house · ST5 0PS
Listing removedReduced £95 (−9.5%) on 17 AugListed 106 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An absolutely stunning mid town house having undergone a complete programme of renovation and refurbishment in recent years including open plan accommodation and UPVC sash window.
The house is approached over a gated forecourt leading into an entrance porch.
Beyond this is a large open plan space of living room measuring in excess of 8 metres in length with reclaimed oak flooring and under floor heating.
This room opens through to a fitted kitchen with breakfast bar and sliding glass door leading out to the rear garden. A utility room and WC complete the ground floor accommodation.
On the first floor are two well proportioned bedrooms and a luxury shower room. There is a cupboard with drop down ladder providing access to a useful, boarded loft space with skylight window.
To the rear of the property is an enclosed yard with an access lane beyond where parking is available.
A most convenient location with easy access to May Bank, Newcastle town centre and transport links via the A500 and M6 with Stoke train station approximately a five minute drive away.
An online pre-application process is carried out on all applicants expressing an interest in the property prior to viewing. There is no charge for this.
It is carried out to provide information to the Landlord of potential tenants. Details of applicants will be provided to a referencing company called Canopy.
Following a review of the pre-applications, suitable applicants will be invited to view the property.
For the successful applicant a holding deposit will be required which is the equivalent to one weeks rent (£270). This will be deducted from the first months rental payment.
If the application is unsuccessful due to the potential tenant providing inaccurate information for example, not declaring adverse credit history, Follwells are within their right to withhold the holding deposit to cover any costs incurred for the referencing.
Please note all tenants over the age of 18 are required to be referenced. EPC Rating: C
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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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 105 Basford Park Road, Newcastle
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