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See how verdicts work1-bedroom flat · NE9 6UQ
Listing removedReduced £5k (−7.1%) on 28 JulListed 228 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary This first floor apartment is located within easy reach of the amenities in Low Fell and benefits from excellent road links via the A1.
The property would suit a first time buyer, someone looking to downsize, or a potential rental opportunity. The apartment benefits from electric storage heating and UPVC double glazing.
There is a communal entrance with stairs and lift access, and the property also includes a garage located in a nearby block.
The accommodation comprises a communal entrance leading to the apartment hallway, a lounge, bedroom, kitchen and a bathroom.
Council Tax Band: A Tenure: Leasehold Length of Lease: 132 Annual Service Charge Amount: 2,160.00 Service Charge Review Period: Above is Ground Rent and Service Charge Communal Entrance Stairs and lift to all floors Hallway Electric storage radiator, built in storage cuboard Lounge (5.0m x 3.1m) UPVC double glazed window, electric storage radiator Kitchen (2.4m x 2.2m) Fitted wall and base units, stainless steel sink and drainer, space for an automatic washing machine, space for an electric cooker UPVC double glazed window Bedroom 1 (3m x 4m) UPVC double glazed window, built in wardrobes, electric storage radiator, built in storage cupboard Bathroom (2.0m x 1.1m) WC, pedestal wash basin, shower cubicle with electric shower, cladding to walls External Garage in nearby block
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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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
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FAQ
About 5, Okehampton Court, Gateshead
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