2-bedroom flat · NE38 0HZ
Let agreedListed 42 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Swift Moves AWARD WINNING Estate Agents offer this spacious upper flat to the rental market this is situated on Lumley Close.
Well presented throughout, this lovely home boasts spacious rooms and comprises an entrance lobby leading into the internal hallway, lounge, two good sized bedrooms, a kitchen/diner and a stylish refitted bathroom.
The property is accessed via and secure entry system and has well maintained communal areas.
There is an allocated parking bay to the property.In a great, central location within walking distance to a range of shops and amenities at The Galleries.
Washington highway provides quick access links to the A1 for those needing to commute to surrounding areas. There is a choice of good local primary schools and parks near by.
Washington Leisure centre with gym and swimming pool is also just a 10 minute walk away.
call to view the property on ENTRANCE HALL LOUNGE 15' 7'' x 10' 10'' (4.76m x 3.30m) KITCHEN/DINER 9' 6'' x 10' 10'' (2.90m x 3.30m) BEDROOM 1 15' 7'' x 10' 9'' (4.76m x 3.28m) BEDROOM 2 9' 11'' x 10' 10'' (3.02m x 3.29m) BATHROOM EXTERNALLY ALLOCATED PARKING SPACE.
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 Lumley Close, Oxclose Washington
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