We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom flat · NE8 3FB
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FOR SALE BY ONLINE AUCTION ENDING 19TH NOVEMBER AT 12:00PM. THE PROPERTY IS SOLD UNDER UNCONDITIONAL AUCTION TERMS AND CONDITIONS.
Well-presented and generously proportioned, this modern three-bedroom top floor apartment is set within a popular residential development and offered with no onward chain, making it an excellent opportunity for a range of buyers, including first-time purchasers, professionals, families and investors alike.
The property is ideally located for access to a variety of local amenities and facilities, including shops, schools, leisure opportunities and health services, while nearby transport links and road networks provide convenient access to surrounding areas and beyond.
The accommodation begins with an apartment hallway leading into a bright, spacious and versatile lounge/diner, perfect for both relaxing and entertaining.
The fitted dining kitchen is finished with modern white cabinetry and a full suite of integrated appliances, including an oven, hob, washing machine and fridge freezer.
Large windows throughout fill each room with natural light, while neutral decor and plush modern carpeting create a versatile backdrop ready for personalisation.
There are three well-proportioned bedrooms, offering flexibility for use as sleeping accommodation, a home office or a guest room, depending on lifestyle needs.
The modern bathroom is fitted with a three-piece suite, including a bath with electric shower over, and neutral tiled flooring for a fresh, inviting feel.
Ample storage, an efficient layout and contemporary lighting further enhance the sense of space and comfort.
Externally, the apartment benefits from an allocated parking bay and attractively landscaped communal grounds.
Its position on a corner plot provides easy access and a pleasant outlook onto well-maintained greenery.
Combining functional design with modern style, this is a move-in-ready home in a convenient location. Early viewing is highly recommended to fully appreciate all this superb apartment has to offer.
Terms & Timescales This property is being sold subject to unconditional purchase premium auction terms and conditions. Immediate exchange of contracts. Completion must take place within 28 days.
Legal Pack A legal pack is available for this property.
We strongly advise all potential bidders to thoroughly read through the legal pack prior to bidding, paying particular attention to the special conditions.
If you are unsure of anything contained within the pack, please consult a legal representative.
Deposit In order to secure the purchase a buyer will pay a deposit of 5% (subject to a minimum of £3,600) which contributes towards the overall purchase price of the property.
The deposit is non-refundable. Buyer Fees This property is sold subject to a non-refundable purchase premium of 2.4% inc VAT, subject to a minimum of £3,600 inc VAT.
This does not form part of the purchase price.
More Information For further information please contact our auction department on or email ONLINE AUCTION NOTICE I hereby acknowledge and confirm the following: Once placed, my bid cannot be withdrawn and will stand until 2 hours after the auction closes.
My bid may be accepted by the seller at any time before the close of the auction. I have read and understood the terms of the auction and my bid is placed accordingly.
I have read and understood the legal pack applicable to this property and I understand that I am bound by the special conditions contained within.
If my bid is successful at any point from now until up to 2 hours after the auction closes, I shall be bound by the lot terms and conditions as advertised online.
EPC Rating: C Kitchen 3.48m x 4.82m Bedroom 1 2.18m x 2.22m Bedroom 2 2.87m x 4.41m Bedroom 3 3.13m x 3.32m Bathroom 2.2m x 2.22m Lounge 4.32m x 4.53m Hallway 1.04m x 5.67m Parking - Allocated parking
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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
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 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 Angel Avenue, Gateshead, NE8
Explore nearby