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 work3-bedroom flat · NE8 4TU
Sold STCReduced £5k (−5.9%) on 26 OctListed 292 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
MAIN DESCRIPTION We are pleased to offer this spacious UPPER FLAT to the sales market.
Warmed by gas central heating and boasting double glazed windows throughout the internal layout briefly comprises entrance lobby with stairs to the first floor, landing, living room, fitted kitchen, three bedrooms and bathroom.
Externally the property has a private rear yard with gated access to the service lane. The front elevation has wrought iron railings and gate also with ample on street parking .
The accommodation is perfectly placed for access to good local amenities including schools, local shops and good family leisure facilities including the Gateshead Quays.
Benefiting from excellent road links and a frequent public bus service, this property will certainly appeal to a growling family.
ENTRANCE LOBBY 4' 5" x 3' 2" (1.354m x 0.983m) The front door gives access into the entrance lobby with vinyl flooring and a staircase rising up to the first floor accommodation.
FIRST FLOOR LANDING 3' 5" x 2' 8" (1.056m x 0.824m) Fitted carpet and doors leading into two bedrooms and living room.
LIVING ROOM 11' 1" x 4' 0" (3.379m x 1.239m) Located to the rear of the property with a double glazed window overlooking the rear yard.
Warmed via a central heating radiator, picture rail, built in cupboard and alcove unit. Fitted carpet and blinds.
KITCHEN 7' 6" x 6' 7" (2.297m x 2.008m) The kitchen has a range of white wall and base units with contrasting worktops.
Space for slot in cooker, stainless steel sink and drainer unit, partially tiled walls and vinyl flooring.
With central heating radiator, blind, double glazed window and external door to the rear yard.
BATHROOM 5' 9" x 4' 11" (1.757m x 1.512m) The bathroom comprises panelled bath, pedestal hand basin and low level WC.
With central heating radiator, partially tiled walls, vinyl flooring and a double glazed window with privacy glass.
BEDROOM ONE 14' 4" x 11' 10" (4.371m x 3.607m) A well proportioned bedroom with a double glazed bay window to the front of the property.
Warmed by a central heating radiator, fitted carpet, blind and picture rail. BEDROOM TWO 9' 1" x 8' 5" (2.787m x 2.581m) Located to the rear of the property.
With fitted carpet, wall mounted combi boiler and a double glazed window with fitted blinds.
BEDROOM THREE 9' 1" x 8' 5" (2.787m x 2.581m) Neutral decor, fitted carpet, central heating radiator and double glazed window with blinds to the front elevation.
EXTERNALLY Externally the property has a private rear yard with gated access to the service lane. The front elevation has wrought iron railings and gate also with ample on street parking .
DISCLAIMER These details have been prepared by our agency staff using both information provided to us by the vendor and following internal inspection.
Please be advised particulars may still be awaiting verification and approval from the vendors and therefore should not be relied for anything other than general information.
Fixtures and fittings included are to be agreed with the vendor and any photographs or mention of fitted appliances does not imply they are in working order.
Internal measurements are taken as a guide only for prospective purchasers and may not be precise.
Please call our office for further detailed information on any points if unclear, in order for us to gain clarification from the vendor
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

FAQ
About Watt Street, Bensham, Gateshead, Tyne And Wear, NE8
Explore nearby