2-bedroom flat · NE33 4QQ
Let agreedListed 11 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
| TWO BEDROOM | LOWER FLAT | GAS CENTRAL HEATING | DOUBLE GLAZED | GREAT LOCATION | We are delighted to offer TO LET this two bedroom lower flat on the popular Victoria Road, South Shields.
Benefiting from gas central heating and double glazing the property is well placed for amenities and transport links.
Comprising briefly :- Secure door to the entrance hallway with door to the apartment. Doors leading to the lounge, kitchen, bedroom one, bedroom two and bathroom.
Externally communal gardens lie to the rear Available now early viewing is essential...
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: £750.00 Entrance Secure door to the entrance hallway with door to the apartment.
Lounge Double glazed window to the front and central heating radiator.
Kitchen Fitted with a range of wall and base units with roll top work surfaces, stainless steel sink unit with mixer taps and splash back. Gas cooker and plumbed for automatic washing machine.
Bedroom One. Double glazed windows and central heating radiator. Bedroom Two Double glazed window and central heating radiator.
Bathroom Comprising low level w.c., panelled bath and wash basin. Double glazed window and central heating radiator.
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 Victoria Road, Laygate, South Shields, Tyne and Wear, NE33 4QQ
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