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See how verdicts work2-bedroom flat · NE8 3JT
For saleListed 224 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A great opportunity to purchase this well maintained 2 bed first floor flat in the desirable "Redgrave" area of St James Village, Gateshead.
There is an attractive central garden area with benches for residents only use and an allocated parking bay.
St James Village itself is well situated for the main connecting roads into Newcastle and a five minute walk from Gateshead Stadium Metro Station.
If has a large ASDA store, nursery and primary school and is a popular cohesive professional community.
The property has an annual Ground rent of £200 and a monthly service charge of £120 Appealing to home owners and investors alike if has an achievable rent of circa £850pcm providing a rental yield after expenses of 8.2%
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 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 Redgrave Close, Gateshead, Tyne And Wear, NE8
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