Auction
Auction date passed
This lot went to auction on 20 October 2026 (6 days ago) but remains listed. It was still on the portal 4 days ago. That usually means it didn’t sell — it may now be available by private treaty or head to a future auction. Worth confirming current availability with the agent.
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See how verdicts workStudio flat · NE10 0XX
For saleListed 20 daysAuction 20 Oct · unsold, still listed
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Strapline Auction Sale - 20/10/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website.
- A freehold building comprising two flats (Ground floor sold off on a long lease), well located for the shopping and recreational amenities of Gateshead.
Description A freehold building comprising two flats (Ground floor sold off on a long lease). Location Located on Portland Street, accessed off Shields Road.
Local amenities are available along Shields Road with an extensive range of shops, restaurants and bars available in the centre of Newcastle Upon Tyne.
The recreational amenities of King Georges Field and Wardley Welfare are nearby. Road links via the A184. Transport Heworth - National Rail.
Accommodation First Floor Flat - Two Bedrooms, Lounge, Kitchen, Bathroom/WC.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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 15/17 Portland Street, Gateshead
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