3-bedroom flat · NE10 0YH
Listing removedListed 197 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale with the benefit of no onward chain, this well-presented three-bedroom first floor flat represents a superb opportunity for first-time buyers and investors alike.
Situated within a popular and well-established residential area, the property provides generous and versatile living accommodation.
Accessed via an entrance hallway with a staircase leading to the first floor landing. From here, all principal rooms are conveniently accessed, creating a practical and well-laid-out living space.
The lounge is positioned to the rear of the property, the focal point of which being the attractive fireplace set into the chimney breast, complete with a recess suitable for an electric fire, adding both character and warmth to the space.
Leading from the lounge is the kitchen, which is fitted with a range of wall and base units, providing ample storage and workspace.
The layout is functional and well-suited to everyday living, with room for essential appliances.
Located just off the kitchen, the bathroom is fitted with a modern three-piece suite, including a bath with a mains fed rainfall style shower over.
The property boasts three well-proportioned bedrooms. The main bedroom, located to the front aspect, is particularly spacious.
The remaining two bedrooms are versatile and can be adapted to suit a variety of needs, such as guest accommodation, a home office, or a nursery. Externally, a shared yard is located to the rear.
The property enjoys a convenient location with local shops, schools, and everyday amenities nearby.
Transport links, including a nearby Metro station, provide access to Newcastle, Sunderland, and the surrounding areas, making this an ideal base for commuters.
EPC Rating: D Lounge (4.40m x 3.74m) Kitchen (3.06m x 2.06m) Bathroom (2.07m x 1.77m) Bedroom One (4.16m x 3.84m) Bedroom Two (3.23m x 2.42m) Bedroom Three (2.73m x 2.31m) 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, 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.
Yard A shared yard lies to the rear.
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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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 advisors 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 8 Greenfield Terrace, Gateshead
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