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See how verdicts work1-bedroom flat · NE5 3XZ
No longer listedListed 34 daysAuction 28 Sep · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
1 bedroom apartment offered with vacant possession, benefiting from a garage and potential rental income of £600+ pcm, ready for immediate occupation or letting.
Open House Viewings (no need to book) 11:30am until 12pm on Wednesday 23rd September 2026 10am until 10:30am on Monday 28th September 2026 2pm until 2:30pm on Friday 2nd October 2026 Auction Commencing on Monday 05th October at 1pm and ending 24 hours later on Tuesday 06th October from 11am with Auction House North East.
Please register to bid via our website - An excellent opportunity to acquire a well-presented one-bedroom apartment, offered for sale with vacant possession and ideally suited to both buy-to-let investors and owner-occupiers.
The property is presented in good, ready-to-occupy condition, allowing a purchaser to move in or potentially place the property onto the rental market with minimal further expenditure.
The accommodation extends to approximately 42 sq m (452 sq ft) and briefly comprises an entrance hallway, spacious living/dining room with large windows providing plenty of natural light, fitted kitchen, double bedroom with built-in storage, and a modern fully tiled bathroom with three-piece suite and electric shower over the bath.
Externally, the property is situated within an established residential development surrounded by communal green space and also benefits from a separate garage, providing useful additional storage or parking.
For investors, similar apartments previously advertised to let locally indicate potential rental levels in the region of £600+ per calendar month, offering an attractive opportunity for immediate rental income, subject to the usual checks and market conditions.
A particularly appealing auction purchase combining vacant possession, good internal condition, rental potential and a garage, making it suitable for investors, first-time buyers and owner-occupiers alike.
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. QWD260659/8
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 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.
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FAQ
About 14, St. Just Place, Tyne and Wear
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