2-bedroom terraced house · NE8 2GP
Sold STCListed 115 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Enjoying a riverside setting, this attractive and well appointed two bedroom terraced home is pleasantly situated within the highly regarded Staiths developmen sold with no onward chain.
Offering well balanced accommodation and the added benefit of allocated parking, this property is ideally suited to first time buyers, professionals, downsizers and investors alike.
The accommodation begins with a welcoming entrance leading into a reception room, providing a comfortable and versatile living area ideal for both everyday living and entertaining guests.
Thoughtfully designed, the ground floor also benefits from a convenient cloakroom/WC and an under stairs storage cupboard, adding to the practicality of the home.
To the first floor you have a family bathroom together with two generously proportioned double bedrooms, both featuring built-in wardrobes that provide excellent storage solutions.
In addition there is also a storage cupboard located on the landing.
Externally, the property enjoys a rear garden, offering a pleasant outdoor space for relaxing, al fresco dining or entertaining during the warmer months.
In addition, the property benefits from allocated parking for one vehicle, a particularly valuable feature within this sought after riverside development.
The ever popular Staiths development offers the perfect balance of riverside living and convenience, with attractive walks along the River Tyne leading to Newcastle Quayside and the city centre, as well as transport/road links to Newcastle, Gateshead and surrounding areas.
Combining modern convenience, comfortable living space and desirable location, this delightful home represents a fantastic opportunity.
EPC Rating: C Property Information Local Authority: Gateshead Flood Risk: This property is listed as currently having 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 and Sky - Basic, Superfast, Ultrafast Mobile Network Coverage: EE, Vodafone, Three, O2 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
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We're still gathering serviced-accommodation data for this area.
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
Agent & docs

FAQ
About Michaelmas Street, Gateshead, NE8
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