2-bedroom flat · NE8 4QY
Listing removedListed 40 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ground floor Entrance Hallway Entrance hallway with stairs leading to the landing. Living Room Spacious living room with magnolia painted walls and dark tile effect laminate flooring.
Kitchen Country style kitchen with space for a washing machine, and has a cooker. It has double glazing and access to the yard.
Bedroom One The front of the property has a spacious double bedroom with magnolia painted walls and wood effect laminate and a bay window allowing plenty of light into the room.
Bedroom Two The front of the property also has a spacious single bedroom also with magnolio painted walls and wood effect laminate.
Small Office The back of the property has a small room which could be used as an office, with cream walls and dark tile effect laminate flooring.
Bathroom The bathroom is tiled and with a bath and shower combo, toilet and hand wash basin. Outside Rear To the rear of the property is a private paved yard. ===
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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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
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FAQ
About 13, Saltwell Place, Gateshead
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