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See how verdicts work2-bedroom house · NE9 7HE
Listing removedReduced £15k (−5.6%) on 21 JunListed 170 days
Opportunity summary
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About
Summary Recently refurbished, this beautifully restored two bedroomed mid terrace house offers fantastic accommodation featuring UPVC double glazing, plantation shutters to the lounge, character inglenook style fire places, gas central heating, off road parking, gardens front and rear to name a few.
The location it ideal for access to local amenities and Low Fell town centre a short drive or bus ride away. In addition road links are easy for commuting with the A1M close to hand.
The accommodation comprises and entrance lobby with mosaic floor tiling, entrance hall, lounge with wood burning stove, dining room, kitchen, utility room, two generous bedrooms, bathroom and a loft with ladders to a boarded loft with lighting.
This is a great example of a refurbishment in keeping with the character of the property and needs to be viewed to be appreciated Council Tax Band: B Tenure: Freehold Entrance Lobby Composite door, mosaic tiled floor, half glazed door to the hallway Hallway Restored flooring, feature radiator, stairs to the first floor Lounge (4.8m x 4.0m) UPVC double glazed bay window with plantation shutters, wood burning stove inset to a stone inglenook fire place, coving and picture rail, restored flooring, three feature radiators to the bay recess Dining Room (4.1m x 3.8m) Inglenook style recess to the chimney breast, Restored flooring, UPVC double glazed window, feature radiator Kitchen (3.0m x 2.2m) Fitted in range of wall and base units with integrated fridge and freezer, integrated bin drawer, Belfast style sink, space for a cooking range with extractor over, tiled floor, plinth heater, UPVC double glazed window and door leading to the rear and the utility room Utility Room (2.7m x 2.8m) Accessed from the rear garden this room has space for an automatic washing machine but due to the dimensions can have many additional uses too, UPVC double glazed window, tiled walls and floor, radiator First Floor Landing UPVC double glazed window, feature radiator, built in cupboard Bathroom (2.2m x 2.2m) Three piece suite comprising a WC, vanity wash basin with mixer tap, double step in shower cubicle with mains fed shower, with glazed shower screen, built in cupboard housing a combi boiler, heated towel rail, UPVC double glazed window, part tiled walls Loft With pull down ladder to a boarded loft with lighting and power supply Bedroom 1 (4.0m x 5.1m) Two UPVC double glazed sash style window, feature radiator, acoustic feature wall, cast iron fire place with tiled inlay and hearth, restored flooring Bedroom 2 Built in wardrobes to the alcoves, UPVC double glazed window, restored flooring, radiator External Lawned garden to the front, to the rear there are double gates to hard standing, timber shed stepping down to a lawned garden leading to a yard area
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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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
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FAQ
About 10, Long Bank, Gateshead
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