3-bedroom flat · NE8 4QY
Sold STCListed 146 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Recently refurbished and available with no upper chain. A three bedroom first floor flat. The accommodation comprises a hallway and staircase giving access to the main living area.
Landing, lounge, kitchen, bathroom, three bedrooms and a self-contained rear yard. New carpets and redecorated. Partial uPVC double glazing, gas combi central heating.
Leasehold tenure (99 years from 20 December 1984, but in the process of being extended), Council Tax band A, EPC rating C (69). Virtual tour available.
EPC Rating: C HALLWAY & STAIRS uPVC double glazed entrance door to private hallway, stairs lead to the main accommodation.
LANDING Loft access hatch, doors lead to the lounge and bedrooms. LOUNGE Dimensions: 13' 4" x 11' 5" (4.08m x 3.48m).
Timber framed single glazed window, single radiator, telephone point and a door leading to the kitchen. KITCHEN Dimensions: 8' 4" x 7' 11" (maximum) (2.56m x 2.43m).
Fitted with a range of white wall and base units with contrasting laminate worktops and tiled slash-backs.
Slot-in gas cooker, sink with mixer tap, plumbed for a washing machine, timber framed single glazed window, door to the bathroom and a uPVC rear exit door to the yard.
BATHROOM Dimensions: 7' 3" x 4' 5" (2.22m x 1.37m).
A white suite featuring a panelled bath with electric shower over, curtain and rail, pedestal wash basin, WC, cupboard housing the gas combi central heating boiler, timber framed single glazed window, extractor fan, fully tiled walls and a single radiator.
BEDROOM 1 (TO THE FRONT) Dimensions: 12' 5" x 10' 0" (3.80m x 3.05m). Large bay with uPVC double glazed windows, single radiator and picture rail.
BEDROOM 2 (TO THE REAR) Dimensions: 9' 7" x 6' 10" (2.94m x 2.10m). Timber framed single glazed window, single radiator and picture rail.
BEDROOM 3 (TO THE FRONT) Dimensions: 8' 11" x 8' 3" (2.72m x 2.53m). uPVC double glazed window, single radiator and recess with shelving.
EXTERNAL To the rear is a self-contained yard with brick tool shed. HEATING Gas fired central heating via combination boiler and radiators. GLAZING Partial uPVC double glazing.
ENERGY EFFICIENCY EPC rating C (69). Please speak to a member of staff for a copy of the full Energy Performance Certificate. TENURE Leasehold.
99 years from 20 December 1984 (59 years to run as of 2024). Please note that the owner is in the process of significantly extending the lease.
COUNCIL TAX The property is in Council Tax Band A. SELECTIVE LANDLORD LICENSING Please note that this property is within a Selective Landlord Licensing zone.
Any purchaser wishing to let the property must apply for a license via Gateshead Council. Please visit the council's website for further information on the process and costs.
VIEWINGS We have created a virtual tour which can be viewed on our YouTube channel, our website, property portals and our social media accounts such as Facebook, X and Instagram.
To arrange a viewing please contact the office.
MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain.
Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed. NEED A MORTGAGE?
We have independent mortgage advisers within our branch, who will search the whole market to find the best suitable mortgage and help you progress through the process.
Contact our office to arrange a telephone or office appointment.
AGENTS NOTE Whilst we endeavour to make our particulars accurate and reliable, they should not be relied on as a statement or representations of fact, and do not constitute any part of an offer or contract.
The owner does not make or give, nor do we or our employees have authority to make or give any representation or warranty in relation to the property.
We have not checked or tested any appliances mentioned (including heating systems or electrical fittings) therefore working order cannot be confirmed. All measurements are given to the nearest 5cm.
Disclaimer Whilst we endeavour to make our particulars accurate and reliable, they should not be relied on as a statement or representations of fact, and do not constitute any part of an offer or contract.
The owner does not make or give, nor do we or our employees have authority to make or give any representation or warranty in relation to the property.
We have not checked or tested any appliances mentioned (including heating systems or electrical fittings) therefore working order cannot be confirmed. All measurements are given to the nearest 5cm.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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About Saltwell Place, Gateshead, NE8
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