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See how verdicts work2-bedroom flat · NE8 3DZ
Sold STCListed 129 daysAuction 6 Jul · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Auction Commencing on Monday 6th July from 1pm and ending 22 hours later on Tuesday 7th July from 11am with Auction House North East Please register to bid via our website - auctionhouse.co.uk/northeast Tenanted two bedroom apartment in Gateshead!
Open house viewings: Monday 22nd June - 1.30pm - 2pm Tuesday 23rd June - 10.30am - 11am GUIDE PRICE - £60,000 - £80,000 An excellent investment opportunity to acquire a well presented two bedroom apartment situated within the popular St Vincent Court development in Gateshead.
The accommodation comprises a spacious living area, fitted kitchen, two bedrooms and a bathroom, together with the added benefit of one allocated parking space.
The property is currently tenanted, producing an annual rental income of £9,540, providing an attractive yield and immediate income from completion.
St Vincent Court occupies a convenient residential position with excellent access to a wide range of local amenities, including shops, supermarkets and leisure facilities.
The property is well placed for transport links, with easy access to Gateshead town centre, Newcastle city centre and the A1(M), making it popular with commuters and tenants alike.
Nearby attractions include the Metrocentre, Team Valley Trading Estate and the vibrant Quayside area, whilst regular bus and Metro services provide connectivity throughout the region.
The location continues to experience strong tenant demand, making this an appealing addition to any investment portfolio.
Tenure: Leasehold EPC Rating: C Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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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 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.
Area
Agent & docs
FAQ
About 12 St. Vincent Court, Gateshead, Tyne and Wear NE8 3DZ
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