2-bedroom flat · NE8 4UL
To rentListed 19 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-proportioned two-bedroom ground floor home offering comfortable, modern living space and a private rear yard.
Important Letting Note: This property is available to let on an unfurnished basis only.
Any furniture, appliances, or freestanding items shown in the marketing photographs are for illustrative purposes and will not be included in the tenancy.
Ground Floor Entrance Hallway: A welcoming entrance vestibule and central hallway featuring neutral décor, durable tiled flooring throughout, and direct access to both bedrooms and the main reception room.
Living Room: A bright and spacious reception room finished with crisp white walls, a stylish feature accent wall, and contemporary grey fitted carpet, complete with a practical built-in storage cupboard.
Kitchen: A well-appointed galley-style kitchen fitted with an attractive range of country-style white wall and base units, complemented by light oak laminate worktops, tiled splashbacks, tiled flooring, and modern spotlighting.
Provides space for a freestanding cooker alongside plumbing and room for further everyday appliances.
Bedroom One: A substantial principal double bedroom benefiting from neutral decoration, fitted carpets, and an attractive feature bay window that maximizes natural light.
Bedroom Two: A versatile second bedroom of generous proportions, finished with neutral walls and fitted carpeting.
Bathroom: A fully tiled suite comprising a classic three-piece arrangement with a bath, overhead shower, washbasin, and WC. Outside Rear Yard: An enclosed yard offering low-maintenance outdoor space.
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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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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 50, Faraday Grove, Gateshead
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