3-bedroom bungalow · NE12 9FF
Listing removedListed 229 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Pattinsons are delighted to welcome to the sales market this amazing three bedroom unfurnished detached bungalow situated in this gated private road in Forest Hall within walking distance to local amenities transport links.
The property is extremely spacious throughout.
Comprising entrance hallway, good sized lounge to the rear with doors to the rear garden, kitchen with a range of wall and floor units with integrated appliances, door to the side, bedroom 1 double to the front of the property, bedroom 2 double to the front of the property, bathroom fully tiled with white suite walk in shower, stairs to the first floor, amazing bedroom 3 velux windows, en suite shower room fully tiled with walk in shower.
Externally there are gardens to the front and west facing garden to the rear. Driveway. Available now!
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.
However, couples who have previously co-habited, are married or are in a civil partnership will have their incomes combined and assessed jointly.
- Self- will require an accountant's reference and should have accounts for a minimum of two years. - 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: D Deposit: 2,175.00 Length of Tenancy: 12 Lounge (5.27m x 4.93m) Spacious lounge to the rear of the property with grey carpet, white decor radiator, double glazed doors to rear garden, though to the kitchen.
Hallway Spacious hallway, radiator.
Kitchen (2.72m x 2.59m) Fully fitted with a range of grey wall and floor units, integrated oven, hob extractor fan, dishwasher, fridge freezer, washing machine, door to the side of the property.
Bedroom 1 Double to the front of the property with double glazed window, radiator. Bathroom (2.51m x 2.56m) Spacious bathroom with white suite, walk in shower with rainfall shower.
Bedroom 2 Double to the front of the property with double glazed window, radiator. Bedroom 3 (7.66m x 7.39m) Amazing bedroom to the top floor with two velux windows, radiator, double glazed window.
En Suite Shower Room (2.66m x 2.36m) Spacious en suite with double walk in shower with rainfall shower, wash hand basin, wc, heated towel rail, double glazed window.
Garden Large west facing rear garden with patio area and lawn.
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 3, Forest Close, Newcastle upon Tyne
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