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See how verdicts work3-bedroom semi-detached house · NE10 8PE
Sold STCListed 40 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Modern and well presented three bedroom semi detached home with rear driveway providing off street parking, ideal for first time buyers or families.
The property has been updated in recent years, including new carpets fitted to the stairs, landing and loft space in 2025.
The shower room/WC was fitted in 2023, while the lounge flooring, kitchen/ diner flooring and the kitchen itself were all updated in 2025.
The accommodation begins with an entrance porch leading into a lobby with stairs to the first floor landing. The lounge has a bay window, feature fireplace and a TV wall mount.
To the rear of the property is a modern dining kitchen fitted with an integrated electric hob with extractor fan above and a built in oven.
There is plumbing for both a washing machine and dishwasher, along with space for a large fridge freezer.
The dining area offers plenty of room for a table and chairs and provides access to the rear garden. The first floor landing leads to two double bedrooms and the shower room/Wc.
The rear bedroom benefits from a useful storage cupboard and space for a wardrobe, while the front bedroom also offers space for wardrobe furniture.
The shower room/WC includes a shower cubicle, partial tiling, heated towel rail and spot lighting.
From the landing there is a door with stairs leading to the third floor, providing access to the third bedroom located within the converted loft space.
Externally the property is situated on a pedestrianised frontage overlooking a large open green space.
The property enjoys a lawned garden to the front with a paved pathway to the side providing access to the rear garden.
The rear garden is mainly laid to lawn and also benefits from a driveway to the rear providing off street parking. Double glazing throughout and gas central heating system to Worchester boiler.
We understand the property is Freehold.
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.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. QLF250368/2
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 Meresyde, Leam Lane, Gateshead, NE10
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