2-bedroom flat · NE9 6AS
Listing removedListed 218 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented and appointed 2 bedroomed ground floor apartment within this purpose built block.
With secure entryphone system, sealed unit double glazing and electric heating, the property is approached via a communal hall.
The apartment itself has an Entrance Hall, leading to the Reception Hall.
Tne 23' open plan Lounge/Kitchen has a wall mounted contemporary electrc fire to the lounge area with picture window to the front.
The Kitchen area is fitted with a range of wall and vase units, sink unit, split level oven with 4 ring ceramic hob and extractor over and plumbing for a washer.
Bedroom 1 is to the rear and has an En Suite Shower/WC, with low level wc, pedestal wash basin, shower cubicle with mains shower and a towel warmer. Bedroom 2 is to the front.
The Bathroom/WC is fitted with a low level wv, pedestal wash basin, panelled bath and a towel warmer.
The property stands in well tended grounds and there is allocated and visitor parking.Blacklock Close is well placed in Sheriff Hill, convenient for local amenities and the A1.
There are good road and public transport links into Gateshead and Newcastle city centre.
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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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 Blacklock Close, Sheriff Hill, Gateshead
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