2-bedroom flat · NE8 3JH
To rentListed 27 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A ground floor apartment located on the popular residential estate of St James Village.
Secure entry leads to the apartment which has a spacious entrance, open plan lounge/diner, black high gloss kitchen units with cooking appliances, two bedrooms and a bathroom with shower.
There are maintained communal gardens and allocated car parking. A great location close to transport links including Metro and access to Gateshead and Newcastle City Centre.
Entrance Hall Laminate flooring, central heating radiator and storage cupboard.
Lounge/Diner (5.64m x 3.45m) Angled lounge having laminate flooring, two UPVC windows, two central heating radiators and opening to the kitchen.
Kitchen (3.43m x 2.06m) High gloss wall and floor units with grey contrasting work surfaces, integral dish washer, washing machine, wall mounted combo-boiler, stainless steel sink unit, integral gas hob, electric oven, central heating radiator, partial tiling, spot lights and UPVC window over looking the side elevation.
Bathroom (2.79m x 1.96m) White suite comprising of a panelled bath with thermo static shower, low level w.c, pedestal wash basin, part tiled, extractor fan and towel radiator.
Bedroom One (3.25m x 3.23m) Located to the rear of the property and having a UPVC window and central heating radiator. Bedroom Two (3.12m x 2.26m) UPVC window and central heating radiator.
External The property has an allocated car parking space and maintained entrance and gardens Disclaimer Lettings We require One month’s rent in advance = £795 One month’s rent as a damage deposit = £795 To hold this property from other viewings while references are carried out, we require one weeks rent as a holding deposit.
The particulars on these properties are set out as a general guidance for intended for tenants contracts The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose.
Tenants should not rely on them as statements of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them.
Items shown in photographs are not included unless specifically mentioned within the particulars. Measurements have been taken using a laser distance meter and may be subject to a margin of error.
For further information see the Consumer Protection from Unfair Trading.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 55, Ovett Gardens, Gateshead
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