We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · NE8 4QQ
For saleListed 5 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An impressive and beautifully presented two-bedroom ground floor flat, offering stylish, accommodation and an excellent opportunity for first-time buyers, property investors and those looking to downsize.
This attractive home combines modern fixtures and fittings with well-proportioned living spaces, making it an ideal choice for anyone seeking a property that is ready to move straight into.
The accommodation begins with an entrance lobby leading into the hallway, which provides access to the lounge and principal bedroom.
Positioned to the rear of the property, the lounge is a lovely reception room, featuring decorative panelling to the chimney breast to create an attractive focal point.
An open archway leads through to the kitchen, creating a sociable layout that works well for both everyday living and entertaining.
The kitchen is fitted with an attractive range of modern units, complemented by built-in cooking appliances to provide a practical and stylish space for meal preparation.
A door from the kitchen offers convenient access to the enclosed rear yard, providing a useful outdoor area to enjoy during the warmer months.
An inner lobby leads to the stylishly appointed bathroom, which has been finished with a contemporary feel.
The room is fitted with a modern white suite comprising a bath with a mains-fed rainfall-style shower overhead, a WC and a wash hand basin.
Sleek black fixtures and fittings provide an attractive contrast against the white suite, adding a touch of modern sophistication to the overall finish.
The sleeping accommodation comprises two well-proportioned double bedrooms.
The principal bedroom is situated to the front aspect of the property, while the second double bedroom is positioned to the rear, offering flexibility for a guest room, home office or additional sleeping accommodation to suit individual needs.
Externally, the property benefits from an enclosed rear yard.
The location is another notable advantage, with the property ideally situated for access to a range of local shops, everyday amenities and transport links, making it well placed for commuters and those looking to enjoy the convenience of nearby services.
The popular Saltwell Park is also within reach, offering attractive green spaces for walking, relaxation and leisure activities. A superb turnkey property that must be viewed to be fully appreciated.
Early viewing is highly recommended.
Lounge (4.63m x 3.66m) Kitchen (3.08m x 2.27m) Bathroom (1.82m x 1.68m) Bedroom One (4.34m x 3.80m) Bedroom Two (4.62m x 2.20m) 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 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 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
.png)
FAQ
About 26 Rayleigh Grove, Gateshead
Explore nearby