2-bedroom flat · NE8 2AF
Sold STCListed 175 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Jan Mitchell Properties are delighted to welcome to the market this stunning third floor apartment in the popular Ochre Yards development, that has to be seen to appreciate the accommodation on offer benefitting a recently fitted bathroom.
Situated in the sought after apartment complex of Ochre Yards on the south bank of the River Tyne, the property is located just a short walk from both Newcastle and Gateshead city centres and the ever popular quayside with its bars, cafes and restaurants as well as easy access to superb bus, train, metro and road links across the region.
Internally the property is well presented throughout and very much ready to move into, briefly comprising:- Entrance hall, a stunning open plan living/dining/kitchen area with kitchen benefitting fitted wall and floor units and opening up to the balcony, making it perfect for entertaining.
There are then two bedrooms with the master benefiting from an en-suite shower room and the aforementioned stylish three piece bathroom suite.
Externally, there is an allocated parking bay beneath the block, visitor parking and well kept communal gardens.
Overall a superb apartment that should appeal to a range of buyers including the first time buyer, down-sizer or investor alike.
Measurements Lounge/Diner - 3.84 x 4.35 Kitchen - 2.75 x 2.07 Bedroom One - 2.98 x 5.08 Bedroom Two - 2.98 x 3.67 IMPORTANT NOTE TO PURCHASERS We endeavour to make our property details accurate, however, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact.
Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency.
All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval.
If you require clarification of further information on any points please contact us direct.
MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain.
Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing.
Prospective purchasers must make further enquiries with their legal adviser Council Tax Band: C (Gateshead Council) Tenure: Leasehold Ground Rent: £258 per year Service Charge: £2,800 per year 125 years from 2004
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 Willbrook House, Worsdell Drive, Gateshead
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