3-bedroom flat · NE8 4TP
No longer listedReduced £50 (−5.6%) on 19 SepListed 43 days · slow let
Opportunity summary
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About
Available now !
Located just along from Saltwell Park and on major bus routes for convenience, this well presented 3 bedroom first floor flat is ready to move into, enjoys ample on street parking to the front and spacious accommodation.
Would be suitable for couples, families or sharers. Please contact us for viewing arrangements can be made by contacting our central lettings off.
Introduction Located just along from Saltwell Park and on major bus routes for convenience, this well presented 3 bedroom first floor flat is ready to move into, enjoys ample on street parking to the front and spacious accommodation.
Would be suitable for couples, families or sharers. Entrance Hall Entrance via uPVC double-glazed door. Double radiator, carpeted stairs to first floor landing.
First Floor Landing Loft hatch, gas meter, electric meter with modern consumer unit, 3 doors leading off, 2 to bedrooms and 1 to bathroom. Bedroom 1 (4.34m x 4.29m (14'3 x 14'1)) Large double bedroom.
Carpet flooring, double radiator, 2 front facing white uPVC double-glazed windows. 2 built in cupboards with storage and hanging space.
Bedroom 2 (2.95m x 1.98m (9'8 x 6'6)) Good size single bedroom, although it would accommodate a double bed. Carpet flooring, double radiator, front facing white uPVC double-glazed window.
Lounge (4.39m x 4.06m (14'5 x 13'4)) Slightly L-shaped Carpet flooring, double radiator, rear facing white uPVC double-glazed window with pleasant views.
3 doors leading off, 1 to landing, 1 dining kitchen and 1 to bedroom 3. Bedroom 3 (4.27m x 2.13m (14'0 x 7'0)) Double bedroom.
Carpet flooring, radiator, rear facing white uPVC double-glazed window with pleasant views. Dining Kitchen (3.66m x 3.10m (12'0 x 10'2)) Large modern kitchen.
Wall and floor in a blue finish with wood effect laminate work surface, stainless steel sink with single bowl, single drainer and Monobloc tap, integrated electric oven, 4 ring ceramic hob and feature extractor chimney in stainless steel finish, wall mounted modern combi boiler, space and plumbing for a washing machine, space for fridge/freezer, white uPVC double-glazed window, rear/side facing, double radiator.
Ample space for a dining table and chairs. Door lounge leading off to the lounge, door leading off to the rear lobby.
Rear Lobby Carpet flooring, white uPVC door leading to steps leading to the rear yard, door leading off to bathroom.
Bathroom (2.13m x 1.73m (7'0 x 5'8)) Vinyl tile effect flooring, white toilet with low level cistern, white handbasin with chrome tap and storage cupboard beneath, bath with panel, chrome tap and electric shower over.
Towel heater style, white uPVC double-glazed window with privacy glass, cladding to walls and ceiling, recessed LED lights. This is a well presented bathroom. Externally Parking on street to the front
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
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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
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FAQ
About 278, Saltwell Road, Gateshead
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