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North East
£200,000
Listed on 07/09/2026
Listed on 07/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This five-bedroom upper maisonette flat offers an appealing opportunity for investors and landlords looking to transform a property into a high-yield rental. While the asking price of £200,000 appears dear against the local average, the potential for strong rental yields over 15% and the desirable location in Heaton provide a solid foundation for value creation. The living room, kitchen, and bathrooms are functional, but they do show some wear, presenting a canvas for updates that can enhance the property's appeal and rental prospects.
With a renovation budget of £40,000 to £80,000, the scope for improvements is considerable. The private rear yard requires minimal maintenance, which adds to the property's attractiveness. Although the property has been previously used as an HMO and requires some updates, it is ready for a new owner to apply their vision and make it a modern living space. Keep in mind that the licensing for HMO use will require a new application, which can be an important detail for prospective buyers to consider.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Tax
Indicative tax based on the asking price and the options you select.
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