1-bedroom flat · NE8 4NS
Listing removedListed 124 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
IRent is delighted to bring to the market this spacious 1-bedroom lower flat, maintained in a clean and tidy condition throughout.
Key Features: One bedroom Bright living area Large kitchen with ample storage and workspace Utility area Large bathroom Set on the ground floor Double-glazed windows and gas central heating The property offers generous room sizes throughout, with a large kitchen, separate utility area, and spacious bathroom providing practical and comfortable living accommodation.
Benefiting from gas central heating and UPVC double glazing, the flat would be ideally suited to a single occupant or working professional.
Situated on Westbourne Avenue in Gateshead, the property is conveniently located just a short distance from Saltwell Park and close to local shops, schools, and amenities.
The area also benefits from excellent transport links into Gateshead Town Centre, Newcastle City Centre, and the surrounding areas. Contact us today to arrange a viewing!
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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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
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FAQ
About 298, Westbourne Avenue
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