2-bedroom flat · NE9 5EH
For saleListed 15 days
Opportunity summary
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About
A characterful ground floor apartment within the impressive Mayoral Home at North Dene, a landmark stone-built Victorian property with a fascinating Gateshead history.
Number 9 forms part of the original North Dene House, an imposing stone-built residence dating back to 1853.
Originally commissioned by Richard Wellington Hodgson, who later served as Mayor of Gateshead, the building subsequently had an interesting educational history, including use by Gateshead Grammar School, before being sympathetically converted into just seven individual apartments.
The private entrance opens into a useful hallway leading through the accommodation.
The living room is an inviting space with an impressive high ceiling, large traditional-style window and plenty of room for both lounge and dining furniture.
A feature fireplace provides an attractive focal point.
The fitted kitchen has a practical galley-style arrangement with a good range of units, work surfaces, cooking appliances and space for further appliances.
The main bedroom is a generous double, with the high ceiling and large window enhancing the feeling of space and providing ample room for wardrobes and additional furniture.The second bedroom is particularly versatile.
Its unusual length provides space for sleeping alongside a sitting or study area, making it ideal as a child's room, guest bedroom or home-working space.
Completing the apartment is a modern shower room with walk-in shower, wash basin and WC.
Externally, the handsome Victorian stone building sits within established communal grounds, with lawns, mature trees and planting creating an attractive setting and reflecting North Dene's origins as a substantial private residence.
Location - North Dene Drive occupies a convenient position close to Low Fell, with excellent access to Durham Road, local shops, cafés, restaurants and everyday amenities.
Saltwell Park is also within easy reach, while nearby bus routes provide convenient connections towards Gateshead and Newcastle.
The location is well placed for St Peter's Catholic Primary School and Kells Lane Primary School, with Newcastle city centre approximately three miles away by road.
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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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 North Dene Drive, Low Fell
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