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 work2-bedroom flat · NE21 6QN
Listing removedListed 172 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***sold STC*** In need of updating, this two bedroom ground floor flat on Stephenson Way, would be ideal for someone to put their own stamp on a lovely property.
Comprising in brief of two bedrooms, a spacious lounge with pleasant outlook, kitchen and bathroom. Externally the property features an open lawn area to the front and shared patio garden to the rear.
This property also benefits from on street parking. Whether for home or investment this property would make an ideal purchase for someone, get in touch today to arrange your viewing on . Awaiting EPC.
Lounge Kitchen Bathroom Bedroom 1 Bedroom 2 Externally Additional Information Council tax band A. Awaiting EPC. We understand this property is leasehold.
Mobile phone coverage and broadband availability: Coal mining: The North East has a widespread coal mining heritage and many properties are built within the vicinity of historic coal mining.
We have not been made of aware of any specific issues with this property. Your conveyancer may carry out a coal mining search.
Important Note To Purchasers We have prepared these sales particulars as a general guide to give a broad description of the property. They are not intended to constitute part of an offer or contract.
The measurements are a guide to prospective buyers only and are not precise. We have not carried out a structural survey and the services, appliances and fittings have not been tested by us.
If you require any further information, please contact us. Leasehold Information Ground rent: £10 per annum Service Charge April 25- April 26 £390.61 Leaseholder: Gateshead Council.
Service charge covers- buildings insurance, maintenance of grass areas around the property. Property on a water meter.
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 10, Stephenson Way, Winlaton
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