2-bedroom terraced house · NE9 7HE
Sold STCListed 243 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Jan Mitchell Properties are delighted to welcome to the market this two bedroom stone built terrace, that will appeal to a variety of buyers, that really must be seen to appreciate the potential on offer benefitting no onward chain.
Internally the property does require some updating but is packed with character and charm, briefly comprising:- Entrance hallway, lounge with feature fireplace and bay window and sliding doors opening on to the dining room with ground floor WC beneath the stairs, and a kitchen, opening onto the rear, with fitted wall and floor units.
To the first floor off the split level landing with store cupboard there are two generous bedrooms as well as a three piece shower room WC.
Externally there is a hedged garden to the front and a well stocked private garden to the rear with lawned, planting and patio areas that lead to the detached garage/workshop.
With gas central heating and double glazing this charming stone built terrace would make an ideal purchase for the first time buyer, downsizer or investor alike.
Location Wrekenton is conveniently positioned with excellent commuter connections via the A1, A1231, and the A194, providing seamless travel routes to Newcastle City Centre, Team Valley Retail Park, and the Metro Centre.
Close by Eighton Banks boasts scenic countryside walks, equestrian amenities, and a selection of pubs offering high-quality cuisine.
Measurements Lounge - 4.47 x 3.75 Dining Room - 4.59 x 3.78 Kitchen - 2.25 x 3.13 Bedroom One - 5.13 x 3.64 Bedroom Two - 3.25 x 3.89 IMPORTANT NOTE TO PURCHASERS We endeavour to make our property details accurate, however, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact.
Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency.
All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval.
If you require clarification of further information on any points please contact us direct.
MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain.
Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing.
Prospective purchasers must make further enquiries with their legal adviser Council Tax Band: B (Gateshead Council) Tenure: Freehold
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.
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
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FAQ
About Long Bank, Wrekenton, Gateshead
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