3-bedroom flat · NE10 9HQ
Listing removedListed 112 days
Opportunity summary
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About
Summary A spacious three bedroom maisonette, with the potential to be reconfigured as a four bedroom property, ideally situated with regular bus routes providing excellent public transport links to Gateshead, Newcastle and the surrounding areas.
The Queen Elizabeth Hospital is just a short distance away, while the A1 is easily accessible, making this an excellent location for commuters.
The property benefits from UPVC double glazing and gas central heating.
Although it would benefit from some updating, it offers an excellent opportunity for a first time buyer or a possible rental opportunity The accommodation comprises an entrance lobby with a staircase leading to the first floor landing, a spacious lounge through dining room, which could easily be reinstated as a fourth bedroom if required, a fitted kitchen, bathroom, double bedroom, and a study with stairs leading to the second floor.
The upper floor offers two further well proportioned bedrooms. Externally, there is a shared rear yard.
Council Tax Band: A Tenure: Leasehold Length of Lease: 955 Entrance Lobby UPVC double glazed door, stairs up Lounge (4.1m x 4.1m) Feature fireplace, built in cupboard, UPVC double glazed window, radiator, opening to the dining room Dining Room (2.2m x 3.1m) UPVC double glazed window, radiator Kitchen (2.2m x 3.1m) Fitted wall and base units, electric hob and oven, stainless steel sink and drainer, space for an automatic washing machine, UPVC double glazed window, radiator Rear Lobby Stairs to the UPVC door leasing to the rear yard Bathroom (1.8m x 2.3m) Panelled bath, WC, wash basin, tiled walls and floor, UPVC double glazed window, radiator Bedroom One (4.1m x 4.4m) UPVC double glazed window, radiator, built in storage to alcoves Study (2.3m x 2.5m) UPVC double glazed window, radiator, stairs to the second floor Ai Image Of Study Showing the room without contents.
Ai image and not true likeness Bedroom Two (3.5m x 3.7m) UPVC double glazed window, radiator, recessed dormer with skylight, second skylight Bedroom Three (2.2m x 3.6m) Skylight, recessed dormer skylight External Shared yard to the rear
Value & comps
No previous sales on record.
Returns
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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 57, Hewitson Terrace, Gateshead
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