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See how verdicts work2-bedroom flat · NE10 0YD
Under offerListed 149 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to offer for sale this spacious and well presented UPPER FLAT with NO ONWARD CHAIN.
The property benefits from gas central heating and double glazing and would make a perfect first time purchase.
The internal layout comprises entrance lobby with stairs leading up to the first floor landing.
A generous living room with archway leading into a dining area, fitted kitchen and a refitted shower room leads off from the rear lobby. The accommodation has two good size bedrooms.
Externally the is ample on street parking available and a yard to the rear with access into the service lane.
Located approximately 3.5 miles from Newcastle City centre and in close proximity to Heworth, Bill Quay and Wardley.
Pelaw has an excellent range of local shops and amenities as well as good access to schools and leisure facilities making it an ideal location.
Good travel links via A194 and A185 the area is also well served by a frequent bus service and local Metro station.
ENTRANCE LOBBY 3' 2" x 3' 1" (0.981m x 0.949m) The property is accessed via a UPVC front door which opens into the lobby area. Stairs lead up to the first floor landing.
With dado rail, cornicing and laminate flooring. FIRST FLOOR LANDING 7' 8" x 8' 2" (2.350m x 2.506m) The stairs and landing benefit from fitted carpet. Loft access and dado rail.
LIVING ROOM 13' 0" x 14' 8" (3.965m x 4.488m) A generous reception room with a recess in the chimney breast where a stove effect electric fire sits.
The room is warmed via a double central heating radiator and has a double glazed window to the rear of the property. With fitted wall lights, laminate flooring and archway into dining area.
DINING AREA 11' 0" x 7' 9" (3.367m x 2.371m) Excellent extra space with a continuation of laminate flooring, double glazed window and a double central heating radiator.
KITCHEN 10' 0" x 7' 7" (3.071m x 2.336m) Fitted with white wall and base units with contrasting worktops.
Integrated gas hob, oven and extractor hood, plumbing for a washing machine also a one and a half bowl sink and drainer unit. Space for free standing fridge freezer, fully tiled walls and floor.
The double glazed window overlooks the rear elevation. REAR LOBBY Stairs lead down to an external door allowing access to the rear yard. Fitted carpet and doorway to the shower room.
SHOWER ROOM 7' 5" x 7' 6" (2.264m x 2.292m) The shower room comprises shower cubical with rainfall shower head and handheld attachment, pedestal hand basin and low level WC.
Partial PVC walls, tiled flooring and wall mounted combi boiler. BEDROOM ONE 12' 11" x 14' 0" (3.955m x 4.274m) A bright and spacious bedroom which retains the original cornicing and ceiling rose.
The double glazed window to the font elevation has decorative panelling underneath. Fitted carpet and double central heating radiator.
BEDROOM TWO 9' 2" x 7' 9" (2.810m x 2.379m) Also located to the front of the property. This bedroom has laminate flooring and a double central heating radiator.
EXTERNALLY Externally the is ample on street parking available and a yard to the rear with access into the service lane.
DISCLAIMER These details have been prepared by our agency staff using both information provided to us by the vendor and following internal inspection.
Please be advised particulars may still be awaiting verification and approval from the vendors and therefore should not be relied for anything other than general information.
Fixtures and fittings included are to be agreed with the vendor and any photographs or mention of fitted appliances does not imply they are in working order.
Internal measurements are taken as a guide only for prospective purchasers and may not be precise.
Please call our office for further detailed information on any points if unclear, in order for us to gain clarification from the vendor.
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
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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.
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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
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FAQ
About Elmfield Terrace, Pelaw, Felling, Gateshead
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