3-bedroom house · NE10 9XG
Listing removedListed 83 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We welcome to the market this delightful mid-terraced house on Millbrook, Leam Lane, Gateshead which offers a perfect blend of comfort and practicality.
With three well-proportioned bedrooms, this property is ideal for families or those seeking extra space.
The inviting reception room provides a warm and welcoming atmosphere, perfect for relaxation or entertaining guests.
The heart of the home is the spacious kitchen dining area, which is designed for both functionality and social gatherings.
This area is perfect for family meals or hosting friends, ensuring that every occasion is memorable. Additionally, the property features a separate w.c.
For added convenience, as well as a utility room that enhances the practicality of daily living.
This terraced house is not only a comfortable living space but also benefits from its location in a friendly neighbourhood, making it an excellent choice for those looking to settle in Gateshead.
With its combination of space, functionality, and a welcoming community, this property is a wonderful opportunity for anyone seeking a new home.
Lounge (5.46m x 3.63m (17'11 x 11'11)) Utility (1.35m x 1.19m (4'5 x 3'11)) Kitchen (3.78m x 3.10m (12'5 x 10'2)) Dining (4.09m x 3.00m (13'5 x 9'10)) Stairway/Landing Bedroom One (3.71m x 3.15m (12'2 x 10'4)) Bedroom Two (3.71m x 3.28m (12'2 x 10'9)) Bedroom Three (2.69m x 2.39m (8'10 x 7'10)) W.C.
(1.78m x 0.74m (5'10 x 2'5)) Bathroom (1.68m x 1.65m (5'6 x 5'5)) External Lettings Disclaimer We require Rent on tenancy commencement = £1,000 One months damage deposit = £1,000 To hold this property from other viewings while references are carried out, we require one weeks rent as a holding deposit.
Please note, we cannot accept any rent in advance of tenancy and rental bidding is not permitted.
For more information, please consult The particulars on these properties are set out as a general guidance for intended for tenants contracts The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose.
Tenants should not rely on them as statements of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them.
Items shown in photographs are not included unless specifically mentioned within the particulars. Measurements have been taken using a laser distance meter and may be subject to a margin of error.
For further information see the Consumer Protection from Unfair Trading.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 73, Millbrook, Gateshead
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