2-bedroom flat · NE6 5SS
To rentListed 5 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available now is this well presented two bedroom ground floor flat to be let on a furnished basis.
The property comprises; entrance hall, lounge, kitchen with a good range of wall and base units, complimenting work surfaces, freestanding gas cooker, stainless steel sink with mixer tap, tiled splashback, fridge freezer, washing machine, tumble dryer, door to the rear yard, UPVC double glazed window and radiator.
Two bedrooms and a bathroom/W.C. Externally to the rear is a private yard which is mainly paved with walled boundaries.
The property benefits from gas central heating and UPVC double glazing throughout. Please contact the Heaton Branch for further information and viewings.
Tenant Referencing Criteria: Pattinson will undertake referencing checks on all applicants over the age of 18 wishing to move into a rental property.
As part of this process, we will undertake: • A credit check to ensure each applicant does not have any adverse credit such as CCJs (County Court Judgements).
• An affordability assessment to ensure applicant’s income will sufficiently cover the rental payments.
• To pass the affordability check, each applicant’s gross annual basic income (including benefits and pensions) must be at least 30 times the monthly rental amount (36 times for Ellinson properties).
EG If the rent is £500 PCM, applicants would need to earn £15,000 as an annual pension or basic salary (excluding commission/bonus) before tax or other deductions were made.
• Each applicant’s affordability is assessed individually against the criteria. • Self-employed applicants will require an accountant’s reference and should have accounts for a minimum of two years.
Net profit will be assessed against the affordability requirement of 30 times the monthly rental amount. • Employment checks to confirm your start date, salary and if your position is permanent.
• Homeownership checks (only if you are a homeowner) confirming your mortgage payments are up to date.
• A Landlord reference (if you are currently residing in rented accommodation) confirming you have abided by the terms of the lease.
This will check that the rent was paid on time and in full, there was no antisocial behaviour and the property was looked after in an appropriate manner. • ‘Right to rent’ ID checks.
If you do not meet the requirement, you WILL REQUIRE A HOMEOWNER GUARANTOR.
Council Tax Band: A Deposit: £1,096.15 Front External Entrance Hall With doors off to the lounge, bedrooms and understairs storage cupboard.
Lounge 3.9m x 4.2m UPVC double glazed window to the rear, feature fireplace, storage cupboard, sofa, armchair, dining table with two chairs and radiator.
Kitchen 2.7m x 3.7m With a good range of wall and base units, complimenting work surfaces, freestanding gas cooker, stainless steel sink with mixer tap, tiled splashback, fridge freezer, washing machine, tumble dryer, door to the rear yard, UPVC double glazed window and radiator.
Bedroom One 4.2m x 4.5m UPVC double glazed walk in bay window to the front, feature fireplace, fitted wardrobes, double bed and radiator.
Bedroom Two 2.6m x 3.4m UPVC double glazed window to the rear, fitted wardrobes, bed, desk and radiator.
Bathroom/WC 1.8m x 2.7m White three piece bathroom suite comprising; bath with shower over, hand wash basin, low level WC, tiled walls, UPVC double glazed window and radiator.
Rear Yard Low maintenance private rear yard mainly paved with walled boundaries
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 Whitefield Terrace, Heaton, Newcastle upon Tyne, Tyne and Wear, NE6 5SS
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