2-bedroom flat · NE8 3NT
Sold STCListed 85 daysAuction 24 Aug · ended
Opportunity summary
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About
FOR SALE BY ONLINE AUCTION ENDING 24TH AUGUST 2026 AT 12:00PM. THE PROPERTY IS SOLD UNDER UNCONDITIONAL AUCTION TERMS AND CONDITIONS.
This well-presented two-bedroom flat offers a harmonious blend of modern comfort and classic charm.
The property features a spacious reception room, highlighted by large windows that fill the space with natural light, along with modern laminate and wood flooring for easy maintenance and a contemporary feel.
The kitchen is fitted with ample wooden cabinetry, integrated appliances including a washing machine and compact dishwasher, and an inviting dining area set by a large window.
The bathroom impresses with luxury marble-effect tiling and a walk-in shower with a rain showerhead, creating a sophisticated and relaxing retreat.
Both bedrooms are bright and inviting, featuring neutral decor, modern carpets, and elegant decorative ceiling details, providing comfortable and versatile living spaces.
Additional benefits include radiator heating throughout for year-round warmth and comfort, and a modern boiler for efficiency.
The property’s communal green area offers a welcoming outdoor space, ideal for relaxation or socialising, while an off-road pathway provides convenient access to the entrance.
Decorative features such as ceiling medallions and cornicing add a touch of character throughout.
This flat is perfectly suited to those seeking a stylish, low-maintenance home with generous natural light and thoughtfully designed spaces, ready for immediate enjoyment.
This property is being sold subject to unconditional auction terms and conditions. Timescales Immediate exchange of contracts. Completion must take place within 28 days.
Buyer Fees This property is sold subject to a non-refundable purchase premium of 2.4% inc. VAT subject to a minimum of £3,600 including VAT. This does not form part of the purchase price.
Deposit In order to secure the purchase a buyer will pay a deposit of 5% (subject to a minimum of £3,600) which contributes towards the overall purchase price of the property.
The deposit is non-refundable. Legal Pack A legal pack is available for this property.
We strongly advise all potential bidders thoroughly read through the legal pack prior to bidding, paying particular attention to the special conditions.
If you are unsure of anything contained within the pack, please consult a legal representative.
More Information For further information please contact our auction department on or email ONLINE AUCTION NOTICE I hereby acknowledge and confirm the following: Once placed, my bid cannot be withdrawn and will stand until 2 hours after the auction closes.
My bid may be accepted by the seller at any time before the close of the auction. I have read and understood the terms of the auction and my bid is placed accordingly.
I have read and understood the legal pack applicable to this property and I understand that I am bound by the special conditions contained within.
If my bid is successful at any point from now until up to 2 hours after the auction closes, I shall be bound by the lot terms and conditions as advertised online.
The auction will continue to run if there is a bid within 5 minutes of the closing time. After 5 minutes without a bid, providing the reserve price has been met, the highest bidder will be successful.
If there is another bid within 5 minutes of the last bid, the auction countdown timer will be restarted for another 5 minutes to allow further bidding.
This system makes it fairer for all parties involved and prevents last second bidding.
Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.
It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer.
The auctioneer accepts no responsibility for bids that are not received or are received late, and reserves the right to reject any bid without notice.
Hallway 2.03m x 2.38m Lounge 3.53m x 4.41m Kitchen 2.63m x 3.48m Bedroom 2.63m x 3.53m Hallway 1.77m x 2.67m Bathroom 1.27m x 2.53m Bedroom 3.58m x 4.22m
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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
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FAQ
About Kipling Walk, Gateshead, NE8
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