3-bedroom flat · NE8 3QX
For saleReduced £20k (−5.2%) on 17 SepListed 1258 days
Opportunity summary
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About
Summary Pattinson Estate Agents are pleased to offer a truly beautiful duplex penthouse apartment, located on the banks of the River Tyne, in the highly sought after development of Baltic Quays.
The accommodation briefly comprises:- reception hallway with spiral staircase to upper floor, downstairs cloaks/WC, lounge/dining room with balcony, stylish fitted kitchen, three bedrooms (one with en-suite facilities) and there is a main bathroom/wc.
The property also benefits from two secure parking bays. The apartment offers wonderful city views. An early internal inspection is strongly recommended.
Council Tax Band: G Tenure: Leasehold Annual Service Charge Amount: 3,000.00 Entrance Hallway Convection heater, shelving, laminated flooring and spiral staircase.
Kitchen (2.89m x 3.26m) Double glazed window, stainless steel sink unit and waste disposal.
Fully intergrated kitchen comprising of washer dryer, dishwasher, electric cooker and hob, stainless steel extractor fan and fridge freezer.
Fitted wall and base units, rolltop works surfaces, extractor fan and ceramic floor tiles.
Lounge (6.70m x 8.34m) Open plan lounge diner kitchen, double glazed windows, convection heaters, television point, telephone point, laminated flooring, security entry phone, balcony and views.
WC Low level wc, pedestal wash hand basin, Heated towel rack, extractor fan and tiled splash backs Bedroom 1 (3.78m x 3.28m) Double glazed window, built in wardrobes, electric convection heaters, TV and Telephone point.
Patio doors to the Balcony. Door to en-suite. Bedroom 2 (4.94m x 4.58m) Double glazed window, electric convection heater, fitted wardrobes, TV and Telephone point.
Bedroom 3 (3.11m x 4.21m) Electric convection heater, Double glazed windows, TV and telephone point.
En Suite Low level WC, Shower cubicle, Pedestal wash hand basin, Heated towel rack, Ceramic tile flooring.
Family Bathroom Low level WC, Pannelled bath, Pedestal wash hand basin, Double glazed window, Heated towel rack, Ceramic tile flooring.
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
Agent & docs
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FAQ
About 108, Baltic Quay, Gateshead
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