2-bedroom flat · NE8 2FB
Sold STCReduced £5k (−2.3%) on 24 MarListed 264 days
Opportunity summary
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About
Beautifully Presented Two Bedroom Apartment | Furnished | Allocated Parking | Ochre Yards, Gateshead Quayside WPG Sales & Lettings are delighted to welcome to the market this fantastic two-bedroom furnished apartment, situated in the highly desirable Ochre Yards development on Gateshead Quayside.
Ideally located just a short walk from Newcastle City Centre, this stylish property offers the perfect blend of modern city living and riverside charm.
The Property Located in Bittern House, the apartment offers well-proportioned and tastefully furnished accommodation throughout.
The open-plan kitchen/living area is bright and inviting, with the kitchen benefiting from integrated appliances including a fridge/freezer.
The main bedroom features an en-suite with a shower, WC, and wash basin, while the second bedroom is a generous double. The main bathroom includes a bath, WC, and wash basin.
A useful hallway storage cupboard houses a washing machine, and the property benefits from one allocated parking space within the building. Currently tenanted at £1300.00pcm.
Key Features Two Double Bedrooms Furnished Throughout Fridge/Freezer & Washing Machine Included En-Suite to Main Bedroom Main Bathroom with Bath Allocated Parking Bay Currently Tenanted at £1300pcm EPC Rating: C The Location Ochre Yards is a well-established residential development set on the Gateshead Quays, offering a peaceful yet connected lifestyle.
Residents enjoy excellent transport links via the A1, A19, and nearby rail and Metro stations.
Newcastle City Centre is approximately 1.4 miles away-a scenic walk over one of the area's iconic bridges, such as the Tyne Bridge, High Level Bridge, or Millennium Bridge.
The Quayside itself is home to a range of vibrant restaurants, bars, and cultural venues, while a large Tesco supermarket is located just 0.5 miles from the property.
The area continues to grow in popularity, with ongoing development by Bellway Homes adding further long-term appeal to this riverside location. Leasehold Information Lease: Approx.
109 years remaining Service Charge: £2556,00 per annum (approx.) Ground Rent: £196.70 per annum Managing Agent: Kingston Property Services Material Information Tenure: Leasehold Council Tax: Band C (Gateshead Council) Utilities: Mains water, electricity, and sewerage.
No gas supply.
Broadband: Availability can be checked at broadbandcheck.co.uk Mobile Coverage: Check signal at signalchecker.co.uk Parking: One allocated parking space included Additional Notes Development works are currently ongoing within Ochre Yards by Bellway Homes - please enquire for further details.
Please note: all appliances and services have not been tested by WPG Sales & Lettings. A copy of the lease is available upon request.
We recommend that your solicitor reviews the lease to check for any restrictive covenants.
Important Notice for Purchasers At WPG Sales & Lettings, we strive to ensure all listing details are as accurate and up to date as possible.
However, these particulars do not constitute or form part of any offer or contract and should not be relied upon as statements of fact.
Any services, systems, or appliances listed have not been tested and are not guaranteed.
Floorplans, measurements, and other layout information are provided for guidance only and should be independently verified. For further information or clarification, please contact us directly.
Submitting an Offer All offers must be supported with full financial verification, including: A mortgage Agreement in Principle (where applicable) Proof of deposit or available funds Full chain details, including contact information for selling agents and solicitors involved In accordance with current Money Laundering Regulations, proof of identity will be required from all prospective buyers before an offer can be formally accepted.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Bittern House, Worsdell Drive, Gateshead, Tyne And Wear, NE8
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