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See how verdicts work1-bedroom flat · NE10 8JP
Listing removedReduced £10k (−16.7%) on 30 JulListed 129 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Appealing to a broad spectrum of purchasers, including first-time buyers, buy-to-let investors, and those looking to downsize, this generously proportioned one-bedroom first-floor flat represents an excellent opportunity to acquire a home within an established and popular location.
This property will prove ideal for buyers wishing to modernise and personalise their living space to suit their own tastes and requirements.
The accommodation is accessed via an entrance hallway with a staircase rising to the first-floor landing, which in turn provides access to all principal rooms.
The well-sized lounge features a focal point fireplace set to the chimney breast, creating an attractive centrepiece to the room and a welcoming space in which to relax or entertain.
The kitchen is fitted with a range of wall and base units providing ample storage and work surface space, together with built-in cooking appliances, making it both practical and functional for everyday living.
The generously sized double bedroom benefits from fitted wardrobes, offering excellent storage solutions whilst maximising floor space.
Completing the accommodation is a bathroom and a separate WC, a layout that can prove particularly convenient for day-to-day living and when entertaining guests.
Externally, the property is situated within a sought-after residential area that enjoys convenient access to a wide range of local amenities and facilities.
Transport links are also nearby, providing convenient connections to surrounding areas and making the property an ideal choice for commuters and those seeking accessibility.
Combining spacious accommodation, potential for improvement, and a highly convenient location, this first-floor flat presents a fantastic opportunity for a variety of buyers and should be viewed to fully appreciate the scope and value on offer.
Lounge (4.91m x 3.30m) Kitchen (3.35m x 265.00m) Bedroom (3.76m x 3.13m) Bathroom (1.96m x 1.65m) Property Information Local Authority: Gateshead Flood Risk: This property is listed as currently having a very low risk of flooding although we have not seen any legal written confirmation to be able to confirm this.
Please contact the branch if you have any queries in relation to the flood risk before proceeding to purchase the property.
TV and Broadband: BT, Sky – Basic, Ultrafast in the area Mobile Network Coverage: EE, Vodafone, Three, O2 in the area Please note, we have not seen any documentary evidence to be able to confirm the above information and recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
Recording Devices Please be aware that some properties may be equipped with CCTV, video doorbells, or other recording devices (including internal audio/video surveillance) for security purposes.
While viewings are conducted in private homes, we ask that all attendees respect that the property owner may choose to monitor or record access to their home.
If you have any concerns regarding this, please speak to a member of our team prior to your appointment.
We have advised all vendors that any recording during viewings should be disclosed and used strictly for personal purposes only, in accordance with data protection and privacy laws.
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.
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About 93 Sheraton, Gateshead
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