2-bedroom flat · NE22 5BY
Let agreedListed 65 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This modern and well presented two bedroom ground floor flat is available to let on the sought after Millbank Terrace, Bedlington.
The property has includes a newly fitted kitchen, bathroom and combi-boiler. The flat is fully double glazed throughout and is gas centrally heated.
The property briefly comprises of : An entrance hall, lounge, fitted kitchen with integral oven, hob and extractor above and has a modern bathroom.
Externally there is a shared garden to the front and a shared yard to the rear. A fantastic property which must be viewed! Call now to avoid disappointment!
Please check tenant information pack to confirm criteria and eligibility EPC C Council tax band A Holding deposit £150.00 Security Deposit £750 Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains Broadband: Tbc Mobile Signal Coverage Blackspot: No Parking: Off street parking Mining The property is not known to be on a coalfield and not known to be directly impacted by the effect of other mining activity.
The North East region is famous for its rich mining heritage and confirmation should be sought from a conveyancer as to its effect on the property, if any.
Tenure Leasehold - 999 years from 12 February 1988 - No ground rent or service charge BD007285CM/SO8.7.24.
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 6, Millbank Terrace, Bedlington
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