3-bedroom flat · NE31 2XW
Listing removedListed 94 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Three bedrooms | spacious upper flat | close to amenities & public transport | furnished Pattinson Estate Agents welcome to the rental market this three bedroom upper flat situated on Collingwood Street, Hebburn.
Ideally located for local amenities, the property is within walking distance of Jarrow Viking Shopping Centre and Jarrow Metro for direct travel to Newcastle City Centre, South Shields and connections to Sunderland City Centre and the coast.
The location also boasts great road links with connections to the Tyne Tunnel, A19 to the South and A1 just a short drive away.
Briefly comprising of; Entrance, Staircase to first floor landing, Living Room, Kitchen, Family Bathroom & Three large bedrooms.
Externally to the rear is a private walled courtyard with gated access to the rear lane.
Call Pattinson Jarrow on or email 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: 620.00 Length of Tenancy: 6 months Lounge (4.3m x 3.6m) Double glazed window to rear aspect, gas central heating radiator, door to; Kitchen (2.7m x 2.1m) A range of wall and base units with contrasting roll top work surfaces, stainless steel sink with mixer tap over, tiled splashbacks, free standing electric oven, electric hob, washing machine, under counter fridge, under counter freezer, gas central heating radiator, combi boiler, vinyl flooring, double glazed window to side aspect, door to; Entrance/Hallway (0.9m x 0.9m) Composite door leading to entrance, stairs to first floor; First Floor Landing (2.3m x 2.7m) Doors to; Family Bathroom (1.6m x 1.9m) A white suite comprising; Shower cubicle with mains shower over, pedestal wash hand basin, W/C, recess lighting, extractor, gas central heating radiator, tiled flooring, double glazed window to side aspect; Bedroom One (3.6m x 4.1m) Double glazed window to front aspect, wardrobes, gas central heating radiator; Bedroom Two (3.1m x 2.7m) Double glazed window to front aspect, gas central heating radiator; Bedroom Three (3.0m x 2.7m) Double glazed window to rear aspect, gas central heating radiator; External Rear Private enclosed walled courtyard, external storage, gated access to rear lane;
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
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FAQ
About 97, Collingwood Street, Hebburn
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