We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom terraced house · NE8 3SL
Sold STCListed 125 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Beautifully Presented Three-Bedroom Home with Stunning Views Across Newcastle and Gateshead. Ideal for First-Time Buyers and Growing Families.
Conveniently located within walking distance of the Metro station and local bus routes, this home is perfectly suited to first-time buyers and growing families alike.
The property comprises an entrance lobby with stairs leading to the first floor. The spacious lounge features a bay window to the front and French doors opening into the rear conservatory.
The shower room/WC has a shower cubicle, fully tiled walls, spot lighting, extractor fan, heated towel rail, and illuminated electric mirror.
The kitchen is equipped with a built in oven and grill, gas hob with extractor fan over, plumbing for a washing machine, and space for a dryer and fridge freezer, with a door leading through to the conservatory.
The large conservatory provides ample space for a dining table and chairs, with direct access to the rear garden, making it ideal for entertaining and everyday family living.
To the first floor, the landing provides access to a partially boarded loft for additional storage.
There are two double bedrooms, including one overlooking the rear with a useful storage cupboard, while the second benefits from fitted sliding wardrobes to the front.
The third bedroom is also positioned to the rear of the property and enjoys attractive rear views. Externally, the front garden is enclosed and designed for low maintenance.
The rear garden offers a wooden decked seating area, lawn, and patio, along with a shed and convenient side access.
Further benefits include double glazing throughout and gas central heating via a Worcester boiler. We understand the property is freehold.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. QLF260173/2
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 advisers 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 Medway Crescent, Gateshead, NE8
Explore nearby