2-bedroom flat · NE10 0RR
Listing removedListed 96 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available September | Unfurnished | Two Bedrooms | Close to Pelaw metro | Private Rear Yard A spacious and characterful two-bedroom ground floor flat, ideally located in the heart of Pelaw, offering excellent transport links and easy access to local amenities and green spaces.
This unfurnished home is full of period charm, retaining attractive Victorian features including high ceilings throughout.
There are two generously sized double bedrooms, with the spacious principal bedroom featuring a decorative ceiling rose.
The property also benefits from a well-appointed fitted kitchen, a large bathroom with a freestanding bath and separate shower, and a private rear yard.
Additional features include double glazing, gas central heating, and excellent transport connections.
Pelaw Metro Station is just a three-minute walk away, with Heworth Metro Station only ten minutes on foot, providing easy access across the region.
The A167 is also within easy reach in both directions. Local supermarkets, shops, riverside pubs, and the popular Bill Quay Park and Farm are all within walking distance.
Ideal for a single occupant or a couple, this property offers a fantastic combination of space, character, and convenience in a well-connected location.
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
We're still gathering serviced-accommodation data for this area.
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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 18, Croxdale Terrace, Gateshead
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