2-bedroom flat · NE9 6QY
For saleListed 629 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Our latest listing is a 2-bedroom Flat in Gateshead. It is near valuable amenities, can generate rewarding rental returns, and has a tenant currently residing there.
For investors looking to expand their portfolio, this is a fantastic opportunity! This well-kept home features 2 bedrooms, a lounge, a bathroom, and a kitchen.
Investment details It currently produces an annual gross income of £6,360 which the new owner could increase to a market rate of £8,520 with long-term tenants presently situated.
Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.
Please see the Let Property Pack linked below for greater details on this property's investment potential. If you are interested, please call us.
Tenancy Details The current tenants have lived in the property for several years and have consistently paid their rent for their stay.
They do not intend to move out so they hope to remain in the property. Let Property is committed to facilitating a smooth transaction process between buyer and seller.
To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a 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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisors 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 70, Causeway, Gateshead
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