1-bedroom flat · NE10 8QP
For saleListed 61 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Appealing to cash buyers only due to the short lease of approx 55 years, this well-presented one-bedroom first-floor flat offers an excellent opportunity for buyers looking for a property in a popular and established residential location.
The accommodation is accessed via an entrance hallway, which provides access to the staircase leading to the first-floor landing.
From here, there is a spacious lounge, offering a comfortable and versatile living space with plenty of room for both seating and dining furniture.
The fitted kitchen is equipped with a range of units and built-in cooking appliances, providing a practical space for everyday use.
The property further comprises a generously sized double bedroom and a bathroom fitted with a white suite, completing the internal accommodation.
Externally, the property benefits from an enclosed garden area, incorporating both a paved patio and a decked patio, providing useful outdoor space for relaxing or entertaining during the warmer months.
The property is situated within a popular residential area, with a range of local amenities and facilities available nearby, including everyday shopping and services.
There are also transport links within the surrounding area, providing access to neighbouring towns and further amenities.
Please note: Due to the short lease, the property is suitable for cash buyers only.
EPC Rating: D Lounge (4.58m x 2.86m) Kitchen (2.86m x 1.57m) Bedroom (3.51m x 3.33m) Bathroom (1.68m x 1.64m) Lease The lease on this property has approximately 55 years remaining.
Please contact the Low Fell branch before viewing for further information or if you feel this may affect your buying decision.
Probate The property is being sold as part of an estate and probate has not yet been granted.
Completion of a sale cannot take place until probate has been received in full, this can take up to 10 weeks from submission of the application and could take longer in some cases.
Agents Notes This property is being sold on behalf of a corporate client as part of a deceased's estate.
It may not be possible to provide answers to the standard property questionnaire and the client is unfamiliar with the property and has not been able to approve the property details.
Please contact the Low Fell branch for further information before viewing, if you feel this may affect your buying decision.
Property Information Local Authority: Gateshead Flood Risk: This property is listed as currently having a very low risk of flooding although we have not seen any legal written confirmation to be able to confirm this.
Please contact the branch if you have any queries in relation to the flood risk before proceeding to purchase the property.
TV and Broadband: BT, Sky – Basic, Ultrafast in the area Mobile Network Coverage: EE, Vodafone, Three, O2 in the area Please note, we have not seen any documentary evidence to be able to confirm the above information and recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
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
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FAQ
About 39 Celandine Way, Gateshead
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