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See how verdicts work3-bedroom flat · NE10 0YH
For saleListed 1 dayAuction 19 Nov · in 24 days
Opportunity summary
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About
FOR SALE BY ONLINE AUCTION ENDING 19TH NOVEMBER 2026 AT 12:00 PM. THE PROPERTY IS SOLD UNDER UNCONDITIONAL AUCTION TERMS AND CONDITIONS.
This spacious three-bedroom flat offers a wealth of period character and good natural light throughout, but requires extensive updating.
The reception room features a period fireplace and a large window. Each bedroom benefits from generous windows and retains vintage details.
The bathroom has dated vintage fittings, and the well-proportioned kitchen, like the bathroom, is bright but in need of full modernisation.
Externally, the flat has a classic stone facade with on-street parking directly in front and to the side of the property on the adjoining street.
To the rear is a secure, enclosed outdoor area bounded by brick and stone walls, suitable for storage or utility use.
Period features include decorative fireplaces, original wallpaper and mature greenery to the front.
Throughout, the property requires significant refurbishment and would suit buyers or investors looking for a renovation project. The flat is located in Pelaw with excellent transport links.
It is a short walk from Heworth Metro, and a bus stop close to the property also serves Newcastle, Gateshead and South Shields. It is also close to local amenities, including Aldi & Lidl.
The property offers the opportunity to create a finished home that combines modern standards with its original period character.
Terms & Timescales This property is being sold subject to unconditional purchase premium auction terms and conditions. Immediate exchange of contracts. Completion must take place within 28 days.
Legal Pack A legal pack is available for this property.
We strongly advise all potential bidders to thoroughly read through the legal pack prior to bidding, paying particular attention to the special conditions.
If you are unsure of anything contained within the pack, please consult a legal representative.
Deposit In order to secure the purchase a buyer will pay a deposit of 5% (subject to a minimum of £3,600) which contributes towards the overall purchase price of the property.
The deposit is non-refundable. Buyer Fees This property is sold subject to a non-refundable purchase premium of 2.4% inc VAT, subject to a minimum of £3,600 inc VAT.
This does not form part of the purchase price.
More Information For further information please contact our auction department on or email ONLINE AUCTION NOTICE I hereby acknowledge and confirm the following: Once placed, my bid cannot be withdrawn and will stand until 2 hours after the auction closes.
My bid may be accepted by the seller at any time before the close of the auction. I have read and understood the terms of the auction and my bid is placed accordingly.
I have read and understood the legal pack applicable to this property and I understand that I am bound by the special conditions contained within.
If my bid is successful at any point from now until up to 2 hours after the auction closes, I shall be bound by the lot terms and conditions as advertised online.
EPC Rating: F Bedroom 4.07m x 4.24m Bedroom 2.43m x 2.73m Landing 1.61m x 2.65m Living room 3.3m x 4.57m Bedroom 2.84m x 3.39m Kitchen 2.87m x 3.05m Bathroom 1.71m x 1.82m
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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.
Area
Agent & docs

FAQ
About Greenfield Terrace, Gateshead, NE10
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