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See how verdicts work2-bedroom flat · NE16 3HT
Listing removedListed 82 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A recently refurbished two bedroom ground floor flat appealing to first time buyers, investors and those simply seeking to down-size.
The property has been thoughtfully refurbished in key areas to create an attractive and practical living environment.
Upon entering the property, you are welcomed by an entrance hallway which provides access to the principal accommodation.
The generously proportioned lounge offers an inviting space for both relaxing and entertaining, with ample room for a variety of furniture arrangements and featuring built in storage and shelving to the alcoves.
The refitted kitchen offers a range of modern units with attractive work surfaces and designated space for a range of kitchen white goods, making it both functional and practical for everyday living.
The accommodation further benefits from a refurbished bathroom, fitted with a modern white suite. The recent refurbishment also included a full electrical rewire and gas fired central heating system.
There are two well-proportioned bedrooms, with the principal bedroom being particularly spacious.
This impressive room enjoys an attractive bay window, and has a decorative fire surround to the chimney breast provides a charming focal point.
Built-in wardrobes offer excellent storage without compromising on floor space.
The second bedroom is also well-sized and would be equally suited as a guest room, nursery, home office or dressing room.
Externally, the property benefits from a garden to the front and an enclosed rear yard.
Situated in a highly convenient location, the property enjoys excellent access to a wide range of local shops, schools and everyday amenities.
The popular Gateshead Metrocentre is just a short drive away, offering an extensive selection of retail, leisure and dining facilities.
Transport links provide access to the A1 motorway, making commuting to Newcastle City Centre and further afield.
This combination of well-appointed accommodation and a sought-after location makes the property an excellent opportunity for a wide range of purchasers.
EPC Rating: D Lounge (3.59m x 3.30m) Kitchen (2.39m x 1.87m) Bedroom One (3.88m x 3.83m) Bedroom Two (2.51m x 2.44m) Property Information Local Authority: Gateshead Flood Risk: This property is listed as currently having a very low risk of flooding although we have not seen any legal written confirmation to be able to confirm this.
Please contact the branch if you have any queries in relation to the flood risk before proceeding to purchase the property.
TV and Broadband: BT, Sky – Basic, Superfast, Ultrafast in the area Mobile Network Coverage: EE, Vodafone, Three, O2 in the area Please note, we have not seen any documentary evidence to be able to confirm the above information and recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
Recording Devices Please be aware that some properties may be equipped with CCTV, video doorbells, or other recording devices (including internal audio/video surveillance) for security purposes.
While viewings are conducted in private homes, we ask that all attendees respect that the property owner may choose to monitor or record access to their home.
If you have any concerns regarding this, please speak to a member of our team prior to your appointment.
We have advised all vendors that any recording during viewings should be disclosed and used strictly for personal purposes only, in accordance with data protection and privacy laws. Yard Rear Yard
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
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FAQ
About 70 Ridley Gardens, Newcastle Upon Tyne
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