House · NE8 3JH
Listing removedListed 128 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located on the popular St James Village development, this substantial six bedroom HMO offers an excellent high-yielding, ready made investment opportunity and is ideally positioned for access to the Metro station, providing convenient links to Newcastle and Sunderland.
The property is also well placed for road links via the Felling Bypass, with easy access to Newcastle and Gateshead town centres, the A1, A19 and Tyne Tunnel.
The property benefits from UPVC double glazing, gas central heating, off road parking and a rear garden.
Five of the six rooms are currently let, generating a current income of £35,672 per annum with the landlord covering the cost of water and wi-fi only.
The accommodation is arranged over three floors with an approximate floor area of 125 sqm and comprises six bedrooms, one of which benefits from an en suite shower room, together with a family bathroom and a ground floor cloakroom/WC.
There is also a spacious kitchen and dining area on the ground floor, providing a communal living space for occupants.
The current setup is as follows: * Ground Floor Room: £129/week | Tenancy: 25 Sep 2025 – 01 Aug 2026 * 1st Floor Room 1: £139/week | Tenancy: 01 Sep 2025 – 31 Aug 2026 * 1st Floor Room 2: £159/week | Tenancy: 01 Sep 2025 – 31 Aug 2026 * 2nd Floor (En-suite): £139/week | Successfully completed tenancy (01 Sep 2025 – 13 May 2026).
Currently kept vacant for new owner. * 2nd Floor (Double Room Suite): £120/week | Tenancy: 01 Sep 2025 – 01 July 2026.
This is a well located investment property offering generous accommodation and strong transport connections, making it an attractive proposition for investors seeking a ready-made HMO opportunity.
Location The subject property is located along Ovett Gardens, Gateshead, and is located within close proximity to transport links, local amenities and shops.
Accommodation EPC We await a copy of the energy performance certificate.
Council Tax Band C Tenure Freehold Additional information For further information please contact our office direct on , or alternatively via e-mail on .
With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department.
Please contact us to arrange an internal inspection, or to register your interest.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Ovett Gardens, St James Village, Gateshead, Tyne and Wear, NE8 3JH
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