1-bedroom flat · NE16 4NL
Sold STCListed 110 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Jan Mitchell Properties are pleased to welcome to the market this well presented first floor apartment which is available with no upward chain and is suited for those aged 60 and over.
The building is well-maintained, featuring beautiful communal gardens, warden assistance and access to a communal lounge area.
The property benefits from secure communal entrance that provides access to the building, with both a lift and stairs leading to the upper floors.
Internally, you are presented with a private entrance vestibule with storage cupboard, lounge with a Juliet balcony, kitchen with fitted wall and floor units, a double bedroom with built-in wardrobes, and a modern three piece shower room WC.
Externally, there is a large, well-kept communal garden with seating and planting areas as well as private residents parking.
Location The property's location offers superb access to Chase Park behind and convenient access to village life in Whickham, which benefits from exceptional schooling, a range of leisure facilities and shops, Church's including St, Marys Parish Church and a selection of restaurants, cafes and pubs.
The village borders the Derwent Valley and allows for beautiful walks to appreciate the Semi Rural location.
Transport routes and frequent bus services provide commuter links to Newcastle, City Centre, Metrocentre and the surrounding areas.
IMPORTANT NOTE TO PURCHASERS We endeavour to make our property details accurate.
However, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact. Some of the imagery may have been enhanced by AI.
Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency.
All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval.
If you require clarification or further information on any points, please contact us direct.
MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain.
Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing.
Prospective purchasers must make further enquiries with their legal adviser Council Tax Band: B (Gateshead Council) Tenure: Leasehold (102 years) Ground Rent: £365 per year Service Charge: £2,468 per year 125 years from 1st June 2003
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 Chase Court, Rectory Lane, Whickham, Newcastle upon Tyne
Explore nearby