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See how verdicts work3-bedroom terraced house · NE8 4YY
Sold STCListed 203 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Jan Mitchell Properties are pleased to welcome to the market this well presented three bedroom end terrace home on the Racecourse Estate, Gateshead.
The property is certain to appeal to a variety of buyers from first time buyers, young families and buy-to-let investors alike.
The property is very much ready to move straight in to and briefly comprises:- Entrance vestibule with ground floor WC, cosy lounge with wall to floor windows, and spacious dining room opening on the modern kitchen with fitted wall and floor units and access to the rear.
To the first floor, you are presented with the three piece family bathroom WC with shower over the bath and three good sized bedrooms, the main offering a dressing area with built-in wardrobes.
Externally, there is a lawned garden to the front and a private patioed garden to the rear with access to the attached garage offering added storage space.
There is further off street parking to the rear with an EC charger and ample visitor parking to the side of the property.
Location Ideally positioned close to many local amenities, including a short drive to the picturesque Saltwell Park, this property benefits from fantastic transport links to Gateshead Town Centre, Team Valley Trading Estate, and Newcastle City Centre as well as easy access to the A1 making it a convenient base for commuting.
Measurements Lounge - 4.16 x 2.79 Dining Room - 4.16 x 3.52 Kitchen - 2.31 x 3.52 Garage - 2.64 x 4.96 Bedroom One - 6.56 x 2.56 Bedroom Two - 3.18 x 2.96 Bedroom Three - 3.32 x 2.13 IMPORTANT NOTE TO PURCHASERS We endeavour to make our property details accurate, however, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact.
Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency.
All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval.
If you require clarification of further information on any points please contact us direct.
MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain.
Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing.
Prospective purchasers must make further enquiries with their legal adviser Council Tax Band: A (Gateshead Council) Tenure: Freehold
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.
Area
Agent & docs

FAQ
About Wetherby Grove, Gateshead
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