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See how verdicts work2-bedroom flat · NE21 6QY
Listing removedListed 184 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***CHAIN FREE***VIEWING ESSENTIAL*** Two bedroom upper floor flat only a short distance from Winlaton Village. The property comprises of lounge, kitchen, bathroom and two bedrooms.
Externally there is a communal open lawn garden to the front and shared garden to the rear with outhouse storage and easy access to the on street parking.
This property must be viewed to be appreciated. EPC Rating C. Lounge 16' 5'' x 12' 2'' (5.01m x 3.72m) Features a pleasant outlook over the front green area.
Kitchen 12' 6'' x 9' 8'' (3.81m x 2.95m) Features a range of wall and base units for storage, space for white goods and integrated oven/hob.
Bathroom 7' 3'' x 5' 7'' (2.20m x 1.69m) The bathroom features a modern white suite walk in shower, W/C and wash basin.
Bedroom 1 12' 8'' x 10' 6'' (3.87m x 3.19m) Max The main bedroom benefits from a built in cupboard storage.
Bedroom 2 9' 0'' x 8' 8'' (2.75m x 2.64m) Features a pleasant outlook over the enclosed rear garden.
Externally This lovely property features open lawned areas to the front and a shared enclosed garden space to the rear.
(The side of the garden hosting the lawn space a white doored outhouse is associated with the flat). On street parking is available close by. Additional Information Council tax band A.
EPC Rating C. We understand this property is leasehold.
Mobile phone coverage and broadband availability: Coal mining: The North East has a widespread coal mining heritage and many properties are built within the vicinity of historic coal mining.
We have not been made of aware of any specific issues with this property. Your conveyancer may carry out a coal mining search. Leasehold Information This is a leasehold property.
The original lease term is 125 years from March 1989. There is 89 years remaining. The annual ground rent is £10.00. The approximate service charge is £418 per annum.
This covers buildings insurance, building repairs, up keep of open grassed areas. The leaseholder is Gateshead Council Lease Department.
Important Note To Purchasers We have prepared these sales particulars as a general guide to give a broad description of the property.
They are not intended to constitute part of an offer or contract. The measurements are a guide to prospective buyers only and are not precise.
We have not carried out a structural survey and the services, appliances and fittings have not been tested by us. If you require any further information, please contact us.
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
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.
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