2-bedroom flat · NE15 7DP
Listing removedListed 45 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Daley Lettings are pleased to welcomes this stunning two bedroom unfurnished upper flat to the market. The property is decorated to a high standard and has a spacious modern kitchen and new bathroom.
Located in Denton Burn close to local shops and good transport links. All windows are double glazed and the property is heated by a combination boiler. Viewings are highly recommended.
EPC – B Deposit £695 Holding fee £150.00 Obligation: The tenant is responsible (unless otherwise informed) for the connection, setting up and payment of all utilities including electric, gas, water, telephone, and is responsible for Council Tax.
Reservation: We require a holding deposit of £50 per tenant which will secure a property whilst we carry out reference.
Should the reference checks be unacceptable, for any reason, or the applicant withdraws their interest in the property, the holding deposit paid will be forfeited in full.
Holding fees are non-refundable and non-transferable.
Replacement keys or security device Tenants will be charged a fee, amounting to the exact cost of replacing a lost key or security device Early release fee Only with the Landlords consent the tenants may terminate the tenancy providing there is more than six months left on the agreement and suitable replacement tenants are found.
The Landlord will charge the tenants letting fees and/or administration cost relating to the change of tenancy.
Only with the Landlords and all tenants named on this agreements consent can one or more tenants be replaced, additionally there needs to be more than six months left on the agreement and suitable replacement tenants are found.
The Landlord will charge the tenants letting fees of £50.00. A full new agreement with all tenants: Signatures will need to be drawn and signed.
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
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FAQ
About 31, Tantobie Road, Newcastle upon Tyne
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