2-bedroom flat · NE8 2AZ
To rentListed 39 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary We are delighted to introduce this exquisitely furnished two-bedroom apartment, located within the highly sought-after Ochre Yards development, situated on the scenic Quayside of Gateshead.
This stunning locale perfectly marries the excitement of urban living with the tranquility of waterfront surroundings.
Just a short stroll from Newcastle city centre, residents can indulge in an array of vibrant amenities, featuring trendy eateries, bustling bars, and a captivating variety of shops.
Upon entering, you are welcomed by an inviting hallway that sets a warm and sophisticated tone for the entire apartment.
The expansive layout encompasses two beautifully appointed double bedrooms, with the master suite offering a luxurious en-suite bathroom for ultimate convenience and seclusion.
The focal point of this home is the spacious open-plan lounge and kitchen, intuitively designed for both relaxation and entertainment.
Large windows bathe the area in natural light and provide seamless access to a delightful balcony, ideal for savoring your morning coffee or unwinding as the sun sets in the evening sky.
In addition to the stunning living quarters, the apartment features a modern shower room/WC, ensuring a blend of functionality and comfort.
Throughout the year, the space is kept snug and inviting with efficient electric heating, complemented by double glazing that enhances both comfort and energy efficiency.
This remarkable apartment is perfect for young professionals or anyone yearning for a luxurious living environment.
Among its many desirable attributes are a secure communal entrance accessible via both lift and stairs, allocated covered parking for convenience, high-end integrated appliances in the sleek kitchen, and contemporary decor that reflects a high-quality finish throughout.
This property truly symbolizes modern urban living at its most exquisite, offering an unparalleled lifestyle in a prime location.
Tenant Referencing Criteria: Pattinson will undertake referencing checks on all applicants over the age of 18 wishing to move into a rental property.
As part of this process, we will undertake: - A credit check to ensure each applicant does not have any adverse credit such as CCJs (County Court Judgements).
- An affordability assessment to ensure applicant's income will sufficiently cover the rental payments.
- To pass the affordability check, each applicant's gross annual basic income (including benefits and pensions) must be at least 30 times the monthly rental amount (36 times for Ellinson properties).
Eg If the rent is 500 pcm, applicants would need to earn 15,000 as an annual pension or basic salary (excluding commission/bonus) before tax or other deductions were made.
- Each applicant's affordability is assessed individually against the criteria. - Self- will require an accountant's reference and should have accounts for a minimum of two years.
Net profit will be assessed against the affordability requirement of 30 times the monthly rental amount. - Employment checks to confirm your start date, salary and if your position is permanent.
- Homeownership checks (only if you are a homeowner) confirming your mortgage payments are up to date.
- A Landlord reference (if you are currently residing in rented accommodation) confirming you have abided by the terms of the lease.
This will check that the rent was paid on time and in full, there was no antisocial behaviour and the property was looked after in an appropriate manner. - Right to rent' id checks.
If you do not meet the requirement, you will require A homeowner guarantor. Council Tax Band: C Deposit: 1,225.00
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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 96 Willbrook House, Worsdell Drive, Gateshead
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