2-bedroom flat · NE8 4AH
Sold STCListed 377 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Keyhole Residential are delighted to welcome to the sale market this two bedroom ground floor flat situated in the popular location of Northbourne Street, Gateshead.
Brought to the market with no upper chain this ground floor flat benefits from spacious rooms, an enclosed rear yard and a well equipped kitchen.
Ideally located close to major transport networks and being only a short drive of the A1 and Newcastle city centre, this modern flat will appeal to a range of buyers and investors alike.
Upon entering this ground floor property, you are welcomed by a spacious hallway / entrance porch. Off the hallway are two bedrooms.
The lounge is to the rear of the home and is both spacious and light and leads to the well equipped. The bathroom is located at the back of the property and comprises of a white bathroom suite.
Externally there is an enclosed rear yard with gated rear access leading to the back lane. To the front there is on street parking available.
Viewing comes highly recommended to fully appreciate what this fantastic home has to offer. Full Description Entrance Porch Double glazed front door, carpet flooring.
Entrance Hallway Radiator, carpet flooring, storage cupboard. Bedroom One Double glazed window, radiator, coving, carpet flooring.
(Room Size: 4.40m x 4.04m) Bedroom Two Double glazed window, radiator, carpet flooring. (Room Size: 3.43m x 3.16m) Lounge Double glazed window, radiator, fire with feature surround, carpet flooring.
(Room Size: 4.30m x 3.68m) Kitchen Double glazed window, fitted wall and base units, roll top work surfaces, radiator, plumbed for washing machine, stainless steel sink unit with mixer tap, integrated gas hob with extractor hood, integrated electric oven, boiler housed, vinyl flooring.
(Room Size: 3.44m x 2.26m) Bathroom Double glazed window, radiator, low level WC, pedestal wash hand basin, bath with shower over, part cladded walls, vinyl flooring.
Enclosed Rear Yard With rear gated access to back lane. On Street Parking Leasehold Property: 960 remaining on lease / No ground rent or service charge payable EPC Rating: C Council Tax Band: A
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
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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 Northbourne Street, Gateshead, Tyne And Wear, NE8
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