# 2 bedroom flat for rent (NE22 5QJ)

## Property Details

| Key | Value |
|-----|-------|
| Address | 20 MILLBANK CRESCENT, BEDLINGTON, NORTHUMBERLAND NE22 5QJ |
| Price | £525 pcm |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | A |
| Construction age | England and Wales: 1900-1929 |
| Floor area | 79 m² |
| Last sold | £24,000 Nov 2000 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** C
- **Current heating cost:** £497/year
- **Est. upgrade cost to C:** £10,020

### Recommendations
- B (£500 - £1,500)
- Q (£4,000 - £14,000)
- E (£20)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/9128-8994-6232-6661-0970)

## Description

Available February 2024 - Unfurnished 

Spacious two bedroom first floor flat situated on Millbank Crescent in Bedlington. 

The property is ideally located close to a good range of shops, food take away, bar & leisure facilities, schools and public transport links.  

Briefly comprising - entrance hallway leading to a spacious landing, open plan lounge and dining area, kitchen & bathroom, rear access staircase leading to the shared yard, two bedrooms and family bathroom. 

Contact out Bedlington Team to arrange your viewing. 

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-employed applicants 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.

Applicants (including those that are students, are unemployed, receive  or Universal Credit) that don't have a gross annual basic income (excluding commission/bonus) of 30 times the monthly rent, have adverse credit, have not been in their current employment for 6 months or it is not a permanent position WILL REQUIRE A HOMEOWNER GUARANTOR.

Council Tax Band: A

Deposit: £550.00

Length Of Tenancy: 12

## Property Photos

- ![Photo](/listings/photos/144771425/638996)
- ![Photo](/listings/photos/144771425/638998)
- ![Photo](/listings/photos/144771425/639004)
- ![Photo](/listings/photos/144771425/639005)
- ![Photo](/listings/photos/144771425/639006)
- ![Photo](/listings/photos/144771425/639007)
- ![Photo](/listings/photos/144771425/639008)
- ![Photo](/listings/photos/144771425/639009)
- ![Photo](/listings/photos/144771425/639010)

## EPC Graphs

- ![EPC](/listings/photos/144771425/639011) - EPC

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 20 MILLBANK CRESCENT, BEDLINGTON, WANSBECK, NORTHUMBERLAND, NE22 5QJ | £24,000 | 22/11/2000 | Terraced |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 29 SEATON AVENUE, BEDLINGTON, NORTHUMBERLAND, NE22 5AY | £35,000 | 16/12/2025 | Flat |
| 30 LILY AVENUE, BEDLINGTON, NORTHUMBERLAND, NE22 5BB | £64,950 | 15/09/2023 | Flat |
| [Same street] 8 MILLBANK CRESCENT, BEDLINGTON, NORTHUMBERLAND, NE22 5QJ | £75,000 | 06/03/2023 | Terraced |
| 36 LILY AVENUE, BEDLINGTON, NORTHUMBERLAND, NE22 5BB | £60,060 | 16/12/2022 | Flat |
| 5A GLADSTONE TERRACE, BEDLINGTON, NORTHUMBERLAND, NE22 5DB | £59,000 | 26/08/2022 | Flat |
| 3 ALFRED AVENUE, BEDLINGTON, NORTHUMBERLAND, NE22 5AZ | £46,000 | 12/07/2022 | Flat |
| 37 ALFRED AVENUE, BEDLINGTON, NORTHUMBERLAND, NE22 5AZ | £90,000 | 11/07/2022 | Flat |
| 4 LILY AVENUE, BEDLINGTON, NORTHUMBERLAND, NE22 5BB | £63,000 | 22/06/2022 | Flat |
| 19 LILY AVENUE, BEDLINGTON, NORTHUMBERLAND, NE22 5BB | £56,500 | 25/03/2022 | Flat |
| 20 ALFRED AVENUE, BEDLINGTON, NORTHUMBERLAND, NE22 5AZ | £68,500 | 23/03/2022 | Flat |
| [Same street] 16 MILLBANK CRESCENT, BEDLINGTON, NORTHUMBERLAND, NE22 5QJ | £72,000 | 26/01/2022 | Other |
| [Same street] 17 MILLBANK CRESCENT, BEDLINGTON, NORTHUMBERLAND, NE22 5QJ | £72,000 | 26/01/2022 | Other |
| 6 GORDON TERRACE, BEDLINGTON, NORTHUMBERLAND, NE22 5DE | £45,500 | 20/01/2022 | Flat |
| 25 LILY AVENUE, BEDLINGTON, NORTHUMBERLAND, NE22 5BB | £50,000 | 10/12/2021 | Flat |
| 38 ROSALIND AVENUE, BEDLINGTON, NORTHUMBERLAND, NE22 5BA | £60,000 | 22/10/2021 | Flat |
| [Same street] 18 MILLBANK CRESCENT, BEDLINGTON, NORTHUMBERLAND, NE22 5QJ | £120,000 | 08/10/2021 | Terraced |
| 22A ALLGOOD TERRACE, BEDLINGTON, NORTHUMBERLAND, NE22 5QX | £50,000 | 01/07/2021 | Flat |

**Street average:** £84,750 (4 sales)
**Area average:** £57,578 (13 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £79,214 (7 Flat, NE22, 2024–2026)
- **Deviation:** -99.3%

## Rental Range

*ONS Price Index of Private Rents (Northumberland). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £604/mo
- **Realistic:** £671/mo
- **Optimistic:** £738/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Northumberland (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £424/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Millbank Terrace, NE22 | £550/mo | 2 | 0.01 miles | OpenRent |
| 2 Bed Flat, Millbank Crescent, NE22 | £550/mo | 2 | 0.05 miles | OpenRent |
| 2 Bed Flat, Victoria Terrace, NE22 | £575/mo | 2 | 0.24 miles | OpenRent |
| 2 Bed Flat, Front Street East, NE22 | £1,450/mo | 2 | 0.24 miles | OpenRent |
| 2 Bed Flat, Deanery Street, NE22 | £625/mo | 2 | 0.53 miles | OpenRent |
| 2 Bed Semi-Detached House, Elenbel Avenue, NE22 | £675/mo | 2 | 0.65 miles | OpenRent |
| 2 Bed Semi-Detached House, Stirling Drive, NE22 | £600/mo | 2 | 0.76 miles | OpenRent |
| 2 Bed End Terrace, Stirling Drive, NE22 | £695/mo | 2 | 0.78 miles | OpenRent |
| 2 Bed Terraced House, Glassey Terrace, NE22 | £695/mo | 2 | 0.8 miles | OpenRent |
| 2 Bed Terraced House, Glassey Terrace, NE22 | £650/mo | 2 | 0.81 miles | OpenRent |

**Average rent: £707/mo (10 listings)**

## 1% Rule

- **Rent ratio:** 121.52% (strong)
- **Max investor price (0.8%):** £79,750
- **Target investor price (1%):** £63,800

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £638/mo).*

- **Gross yield:** 1458.3%
- **Cost-to-rent:** 0.1×
- **Monthly cashflow:** £547/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 4312.4%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £7/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 4.2%
- **10y growth:** 33.4%

## House Price Index (HM Land Registry)

*Official index for Northumberland; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** -3.7%
- **5y growth (index):** 9%
- **10y growth (index):** 26.3%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)