2-bedroom flat · NE11 9NY
Listing removedListed 39 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Appealing to first-time buyers, downsizers and investors alike, this well-presented two-bedroom first-floor flat offers comfortable and well-proportioned accommodation, ideally suited to a range of purchasers.
Set within a popular and established residential location, the property provides a practical layout, attractive features and convenient access to a range of local amenities and transport links.
The property is entered via an entrance lobby, with a staircase leading to the first-floor landing. From here, access is provided to the principal rooms.
The lounge is positioned to the rear of the property and provides a pleasant and comfortable reception space, with an attractive focal point fireplace set within the chimney breast adding character and appeal to the room.
The lounge also provides direct access through to the kitchen.
The kitchen is fitted with a range of wall and base units, providing useful storage and preparation space, together with designated space for a freestanding oven, washing machine and fridge/freezer.
The layout offers scope for a purchaser to personalise the space to their own requirements. There are two well-proportioned bedrooms, with the principal bedroom being particularly spacious.
This room benefits from a bay window to the front elevation.
The second bedroom offers versatile accommodation and could be utilised as a guest bedroom, home office or additional living space, subject to the purchaser's requirements.
Completing the internal accommodation is the bathroom, which is fitted with a white suite incorporating a bath with an electric shower over, together with the necessary wash hand basin and WC.
Externally, the property benefits from an enclosed yard to the rear.
The property is situated within a popular residential area, with a range of local shops, amenities and everyday facilities available within the surrounding area.
Transport links provide convenient commuter access to major employment and leisure destinations including Team Valley, the Metrocentre and Newcastle City Centre.
Overall, this is an appealing opportunity for those seeking a well-located two-bedroom home, with the property offering comfortable accommodation and excellent potential to suit either owner-occupation or investment purposes.
EPC Rating: D Lounge (4.76m x 3.90m) Kitchen (3.52m x 2.41m) Bedroom One (4.04m x 3.50m) Bedroom Two (3.03m x 2.76m) Bathroom (3.17m x 2.41m) 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, Superfast, 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
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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.
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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 94 Market Lane, Gateshead
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