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See how verdicts work2-bedroom flat · NE8 4NR
For saleListed 13 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Beautifully Presented Two-Bedroom Victorian Apartment. Close To Saltwell Park & No Chain Involved.
A beautifully presented and extensively renovated two-bedroom Victorian apartment, combining generous period proportions and carefully reinstated traditional detailing with a high-quality contemporary finish.
The property has been sympathetically renovated throughout, with particular attention paid to retaining and enhancing its Victorian character.
Features include traditional coving and ceiling roses, period-style architraves, premium door knobs and ironmongery, traditional light fittings and a cast-iron radiator, complemented by high-quality flooring throughout.
The accommodation includes a bespoke fitted kitchen, characterful Victorian-style bathroom, Venetian blinds and carefully selected fixtures and fittings.
The Baxi boiler has also recently been serviced.
The particularly spacious living/dining room provides ample space for both relaxation and entertaining, while the two bedrooms offer flexible accommodation for a couple, home working or guests.
The accommodation comprises an entrance lobby leading to the first-floor landing, which benefits from a storage cupboard and access to the loft for additional storage.
There are two double bedrooms to the front, along with a spacious open-plan living area featuring a fireplace, space for lounge furnishings and a dining table.
The modern kitchen is fitted with a built-in oven, gas hob with extractor fan over, integrated fridge/freezer, dishwasher and washing machine.
The Victorian bathroom comprises of a shower over the bath, heated towel rail, partial tiling and extractor fan.
A rear lobby with steps provides access to the rear courtyard which is solely for this property. A Victorian style brick wall surrounds the shared courtyard.
Further benefits include a combination gas heating system, double-glazed windows and no onward chain.
The apartment offers an ideal setting for either residential home and also has significant rental potential Based on an estimated rental income of up to £800 per calendar month (£9,600 per annum), the property offers a potential gross rental yield of approximately 8.35% based on £115,000.
Please note that the flat falls within the Gateshead Selective Licensing Scheme, ensuring compliance with local regulations and providing further details available via the Gateshead Council website.
We understand the flat has a 99-year lease from 6 May 1983, with approximately 55 years remaining. The lease will be extended on completion.
(Full details will be confirmed by solicitors.) 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.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. QLF260473/2
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.
Area
Agent & docs

FAQ
About Westbourne Avenue, Saltwell, Gateshead, NE8
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