2-bedroom flat · NE37 1AT
Let agreedListed 28 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Rent North East have a Flat To Let!
Furniture shown for illustration purposes only; no furnishings in situ Arranging your viewing: Please use the "contact agent" button to send us an email to arrange your viewing.
Property features: Beautifully presented 2-bedroom flat Excellent location The basics: Location: This 2 bedroom Upper Floor Flat is located on Fell Close, in Washington, Tyne And Wear.
Availability date:Now Contract length: 12 months initial term, followed by monthly rolling contract Max occupancy: 2 adults, 1 dependant What’s inside this home: Bedrooms: 2 Bathrooms: 1 Lounges: 1 Furnished: Unfurnished - Furniture shown for illustration purposes only, no furnishings in situ Costs and requirements:** **The following are Rent North East’s general requirements.
Please note that the landlord retains the right to change terms on a case by case basis if they feel this to be necessary. The first rent payment needs to be paid before you move into your property.
You will also need to pay a deposit to the value of 5 weeks rent, and provide a guarantor.
The guarantor must be someone who is a UK property owner, or someone who is a UK national who is employed in a secure position, at a business that has been trading for at least 1 year, and who earns at least 5.5x the monthly rental value.
(We cannot accept people who are self employed/company directors of a small business as employed guarantors). Working guarantors undergo more rigorous checks including credit checks.
Management type: Fully managed Arranging your viewing: Please use the "contact agent" button to send us an email to arrange your viewing.
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
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FAQ
About Fell Close, Washington
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