2-bedroom flat · NE32 4XF
Listing removedListed 124 days
Opportunity summary
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About
Summary Pattinson Estate Agents welcome to the market this two bedroom upper flat located on Leicester Way, Fellgate, Jarrow.
Situated on the popular Fellgate Estate, the property features a bright lounge, two double bedrooms with built in storage and a modern fitted kitchen & bathroom suite.
The property is ideally located for local amenities and public transport is also nearby from Fellgate Metro Station for direct travel to Newcastle City Centre, Sunderland City Centre and connections to South Shields.
Excellent local road links give easy access to the A1, A19 & Tyne Tunnel. Briefly comprises; Entrance, Stairs to First Floor Landing, Lounge, Kitchen, Bedroom One, Bedroom Two & Bathroom.
Call Pattinson Jarrow on or email Council Tax Band: A Tenure: Leasehold Length of Lease: 105 External Front Lawned garden with pathway leading to entrance; Entrance (1.54m x 1.31m) UPVC part glazed door leading to entrance, lvt flooring, stairs to first floor; First Floor Landing (1.45m x 1.71m) Loft access, doors to; Lounge (4.54m x 3.55m) Double glazed window to front aspect, electric storage heater; Kitchen (2.67m x 2.14m) A range of wall and base units with contrasting work surfaces, stainless steel sink with mixer tap over, space for free standing electric oven, plumbing for washing machine, space for fridge freezer, tiled flooring, tiled splashbacks, double glazed window to rear aspect; Bedroom One (3.66m x 2.68m) Double glazed window to front aspect, built in wardrobes, electric storage heater; Bedroom Two (2.94m x 2.73m) Double glazed window to rear aspect, electric storage heater, built in storage; Bathroom (2.12m x 1.68m) A white suite consisting of bath with electric shower over, pedestal wash hand basin, W/C, part tiled walls, recess lighting, electric towel radiator, double glazed window to rear aspect;
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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 16, Leicester Way, Jarrow
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