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 work2-bedroom house · NE11 9BD
For saleListed 191 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are pleased to present this charming two-bedroom ground floor flat located on Spoor Street in the desirable area of Dunston, Gateshead.
This property is now available for sale via online auction, providing a unique opportunity for potential buyers.
The flat boasts a well-designed layout, featuring a welcoming entrance lobby that leads into a spacious reception room.
The fitted kitchen is practical and functional, catering to all your culinary needs, while the bathroom is equipped to provide comfort and convenience.
One of the key advantages of this property is its ground floor access, making it ideal for those who prefer ease of movement.
Additionally, the flat includes a shared rear yard, offering a pleasant outdoor space for residents to enjoy.
Situated in a popular and convenient location, this flat is close to the A1, ensuring excellent transport links for commuters.
The nearby Metrocentre provides a wealth of shopping and dining options, while local schools are within easy reach, making this property particularly appealing to families.
Previously tenanted at £500 per calendar month, there is potential to achieve a rental income of £650 per calendar month, making this an attractive investment opportunity.
In summary, this two-bedroom ground floor flat on Spoor Street is a fantastic option for both first-time buyers and investors alike, combining comfort, convenience, and potential in a sought-after location.
Entrance Hallway Living Room (4.06m x 3.21m (13'3" x 10'6")) Kitchen (3.52m x 2.23m (11'6" x 7'3")) Bathroom (1.99m x 1.91m (6'6" x 6'3")) Bedroom 1 (4.32m x 4.09m (14'2" x 13'5")) Bedroom 2 (2.8m x 2.47m (9'2" x 8'1"))
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
.png)
FAQ
About 59, Spoor Street, Gateshead
Explore nearby