2-bedroom flat · NE8 3QZ
For saleListed 719 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Public notice - The vendor has been in receipt of an offer of 145,000 subject to contract for the above property.
Anyone wishing to place a higher offer must do so before legal exchange of contracts Available with no upward chain, this thirteenth floor apartment offers great river views and offers easy access into Gateshead and Newcastle.
The property benefits from electric heating, double glazing, en suite bathroom off the master bedroom and allocated parking.
The accommodation comprises a communal entrance with stairs and a lift to the floor. Entrance hall, lounge/diner, kitchen, two bedrooms, en suite and a bathroom plus a balcony.
Council Tax Band: D Tenure: Leasehold Length of Lease: 227 Annual Ground Rent Amount: 150.00 Annual Service Charge Amount: 3,123.00 Communal Entrance Stairs and lift to all floors Entrance Lobby Leading to the entrance hall Hallway Two built in storage cupboards Lounge/Diner (4.9m x 5.2m) Electric radiator, double glazed door leading to the balcony plus double glazed windows overlooking Newcastle Quayside and the river Kitchen (2.2m x 2.8m) Fitted wall and base units with integrated appliances including a fridge and freezer, electric hob and oven, stainless steel sink and drainer, electric radiator, tiled floor Bedroom One (3.6m x 3.5m) Built in wardrobe, electric radiator, double glazed window En Suite Pedestal wash basin, WC, shower cubicle with mains fed shower, heated towel rail, tiled floor Bedroom Two (4.5m x 3.3m) (Measurements are maximum) Two double glazed windows, electric radiator External Allocated parking
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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 239 Baltic Quay, Mill Road, Gateshead
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