2-bedroom flat · NE10 0UZ
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within an extremely sought-after location, this well-presented two bedroom first floor apartment offers an excellent opportunity for a variety of purchasers, including first-time buyers looking to take their first step onto the property ladder, investors seeking an attractive addition to their portfolio, and those wishing to downsize without compromising on comfort or convenience.
Upon entering the property, an entrance hallway provides access to the principal accommodation and incorporates a spacious built-in storage cupboard, offering a practical solution for keeping household essentials neatly tucked away.
The hallway leads through to the generously proportioned open-plan lounge/diner, creating a welcoming and versatile living space with ample room to accommodate both comfortable seating and a dining area.
From the lounge/diner, a separate door provides access to the fitted kitchen, which offers a range of practical workspace and provision for a freestanding cooker and an under-counter washing machine.
The apartment offers two well-proportioned bedrooms, providing flexibility to suit a range of lifestyles.
The main bedroom benefits from a built-in sliding-door wardrobe, providing useful storage while helping to maximise the available floor space.
The second bedroom could be utilised as a guest room, a home office or an additional bedroom, depending on the purchaser's requirements.
Completing the internal accommodation is a modern bathroom, fitted with a white suite comprising a double shower enclosure with an electric shower over, a WC with concealed cistern, and a hand wash basin set within a matching vanity storage unit.
The bathroom's practical layout and modern fittings provide a comfortable space for everyday use.
Externally, the development is surrounded by well-tended communal gardens, offering attractive shared outdoor surroundings for residents to enjoy.
An allocated parking space within the courtyard further enhances the property's convenience, providing valuable off-street parking.
The location is a particular highlight, with a variety of local shops, amenities and facilities available nearby, alongside convenient access to public transport.
Pelaw Metro Station provides commuter connections to Newcastle and Sunderland, as well as links to the wider Tyne and Wear Metro network, making the property well suited to those who need to travel for work or leisure.
Early viewing is highly recommended to fully appreciate the accommodation, location and potential this property has to offer.
EPC Rating: B Hallway (3.38m x 1.96m) Lounge / Diner (6.39m x 3.44m) Kitchen (2.99m x 2.27m) Bedroom One (3.20m x 2.95m) Bedroom Two (3.35m x 3.27m) Bathroom (2.25m x 1.68m) 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, Ultrafast 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.
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 advisors 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 31 Cartmel Park, Gateshead
Explore nearby