2-bedroom flat · NE32 5SS
Listing removedListed 72 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Two bedroom lower flat | modern fitted kithcen / family bathroom / private rear court yard | sought after location | available from mid decemeber no agent fees. No deposit option available!
T&C and fees apply. Subject to passing referencing. Visit or ask us for more information.
We are pleased to offer to the rental market this two bedroom ground floor flat adjacent to West Park, Jarrow.
The property benefits from gas central heating, double glazed windows and rear court yard with access to rear.
This flat is a short walk to the Viking shopping centre, Jarrow metro for excellent links into Newcastle, South Shields and Sunderland.
The accommodation briefly comprises of: Entrance hallway, lounge, kitchen, bathroom and two bedrooms. Properties in this location are in high demand so we anticipate a lot of interest.
Call or email to arrange a viewing and avoid disappointment!
Viewing Info Via Jarrow Branch 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- 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: 692.00 Entrance/Hallway (5.3m x 1.1m) UPVC door leading entrance hallway, laminated flooring, door to; Internal Lobby Gas central heating radiator, built in storage, laminated flooring, some original features, doors leading to; Lounge (4.1m x 4.2m) Double glazed patio doors leading to rear court yard, laminated flooring, door to; Kitchen (2.3m x 1.4m) A range of wall and base units with contracting roll top work surfaces, stainless steel single sink with mixer tap over, tiled splash backs, gas hob, electric built in oven, extractor, plumbing for washer, tiled flooring, double glazed window to side aspect, UPVC half glazed door leading to rear court yard, entrance to; Utility (1.6m x 0.8m) Space for fridge freezer, tiled flooring, recess light, door to; Bathroom (4.5m x 1.3m) White bathroom suite comprising of bath with shower mixer tap over, vanity combination wash hand basin and WC, tiled walls and floor, gas central heating chrome towel radiator, extractor, cladding ceiling, recess lighting, double glazed window to side aspect; Bedroom One (4.2m x 3.9m) Double glazed window to front aspect, gas central heating radiator, laminated flooring Bedroom Two (2.8m x 2.2m) Double glazed window to rear aspect, gas central heating radiator, laminated flooring;
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 79, Wansbeck Road, Jarrow
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