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See how verdicts work3-bedroom terraced house · NE10 0RX
Sold STCListed 32 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A generously proportioned three-bedroom mid-terrace home, occupying a convenient position within the highly sought-after location of Bill Quay.
Offered for sale with immediate vacant possession, this spacious home is neutrally presented throughout and benefits from ample off-street parking to the rear.
Ideally situated for a range of local amenities and recreational facilities, the property is within easy walking distance of Pelaw shops and Metro links, riverside walks, the local cricket club and a popular local pub, making this an appealing location for a variety of buyers.
Internally, the property is warmed via a gas combination central heating boiler and benefits from double glazing throughout.
The well-proportioned accommodation comprises two large reception rooms and a fitted kitchen to the ground floor, while the first floor provides three generously sized bedrooms and a spacious family bathroom fitted with a four-piece white suite.
Externally, the property offers a rear yard with ample off-street parking, while beyond the yard is an area of communal greenery, providing a pleasant outlook and access to additional communal parking.
With its generous room sizes, convenient location and immediate vacant possession, this property represents an excellent opportunity to acquire a spacious home in this highly desirable part of Bill Quay.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
HEB240079/2 Entrance Hallway single radiator, double glazed window Lounge 4.45m x 4.11m (14' 7" x 13' 6") Feature fire surround with marble effect hearth and gas fire inset, double radiator, double glazed window Dining Room 4.62m x 4.27m (15' 2" x 14' 0") single radiator, double glazed window, storage cupboard Kitchen fitted wall and floor units with contrasting work surface, one and a half bowl stainless steel sink unit and single drainer, integrated gas hob, electric oven and extractor hood, plumbed for automatic washing machine behind unit, tiled walls and flooring, wall mounted Main gas combination central heating boiler, double glazed window, door to the rear yard First Floor Landing single radiator Bedroom 3 2.92m x 1.98m (9' 7" x 6' 6") single radiator, double glazed window Bedroom 1 3.07m into alcove x 4.57m - double glazed window, single radiator Bedroom 2 3.28m x 3.25m (10' 9" x 10' 8") single radiator, double glazed window, storage cupboard Bathroom 2.82m x 2.18m (9' 3" x 7' 2") modern white suite comprising:- low level wc, pedestal hand wash basin, panelled bath with mixer shower attachment, shower cubicle, tiled walls and flooring, single radiator, double glazed window Rear Yard with double gates offering parking for more than one vehicle EPC Rating D Council Tax Tax Band A
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers 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
Agent & docs

FAQ
About South Parade, Bill Quay, Gateshead, NE10
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