2-bedroom flat · NE8 4AE
For saleListed 151 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Hive Estates are pleased to present this modern refurbished ground floor flat in Gateshead, offering an impressive 8.93% rental yield and generating £7,140 annual rental income.
Ideally situated on Northbourne Street in the popular area of Bensham, this two-bedroom lower Tyneside flat is perfectly suited to investors and first-time buyers alike.
The property opens into a bright and spacious lounge, beautifully styled with contemporary grey carpeting, neutral decor, and large windows that flood the space with natural light, creating a warm and inviting atmosphere.
To the rear, the stylish kitchen combines both form and function, featuring wood effect laminate flooring, contrasting oak cabinetry, sleek white worktops, a white metro tile splashback, and integrated oven, hob, and extractor.
There are two well proportioned bedrooms, including a generous front-facing double with a feature chimney breast and large window.
The second double bedroom, positioned to the side, offers flexibility as a home office, dressing room, or guest space.
The bathroom is fresh and modern, complete with a walk-in shower cubicle, WC, and basin, finished with clean white marble-effect shower boards.
Externally, the property benefits from a shared rear yard, ideal for outdoor seating or entertaining, along with on-street parking to the front.
Conveniently located close to local amenities, green spaces, and excellent transport links, this property offers both comfort and accessibility in a sought-after residential area.
Lounge/Diner (4.50 x 3.60 (14'9" x 11'9")) Kitcen (3.35 x 2.00 (10'11" x 6'6")) Bedroom 1 (4.20 x 3.80 (13'9" x 12'5")) Bedroom 2 (3.35 x 2.30 (10'11" x 7'6")) Shower Room (2.25 x 1.50 (7'4" x 4'11"))
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 advisors 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 101, Northbourne Street, Gateshead
Explore nearby