2-bedroom flat · NE8 3JH
For saleReduced £5k (−5.3%) on 12 AugListed 90 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented two bedroom apartment located in the highly sought-after St.
James Village Development, and appealing to a variety of buyers, whether you're a first time buyer taking your first step onto the property ladder, an investor seeking a smart addition to your portfolio or those simply seeking to down-size.
The apartment features a spacious and modern open-plan layout and includes a hallway, an open plan lounge/diner with patio doors that open to a Juliet style balcony, perfect for letting in a gentle breeze on a summer’s day.
This welcoming living space flows effortlessly into a modern kitchen, which comes fitted with built in cooking appliances and space for the inclusion of additional kitchen white goods.
The property comprises two generously sized double bedrooms and there is a bathroom with a modern white suite with a mains fed shower positioned over the bath.
Externally, the property benefits from an allocated parking space, ensuring convenience and peace of mind for residents.
Positioned in a prime location, the apartment is perfectly situated for access to the extensive range of amenities and services available in and around Gateshead Town Centre.
Excellent public transport routes and major road links nearby provide access to Newcastle, Sunderland, and the wider North East region, making it an ideal base for commuters.
Lounge/Diner (5.74m x 3.64m) Kitchen (3.62m x 2.18m) Bedroom One (3.31m x 3.21m) Bedroom Two (3.23m x 2.18m) Bathroom (2.81m x 1.58m) 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, Superfast, 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.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 56 Ovett Gardens, Gateshead
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