1-bedroom flat · NE8 2AF
Let agreedListed 49 days · slow let
Opportunity summary
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About
ONE BEDROOM APARTMENT IN THE HIGHLY SOUGHT-AFTER OCHRE YARDS DEVELOPMENT | AVAILABLE 5TH OCTOBER 2026 | Situated within the popular Ochre Yards development, this well-presented one-bedroom apartment offers stylish riverside living with excellent access to Newcastle City Centre, Gateshead Quays, and a fantastic range of shops, bars and restaurants.
The accommodation briefly comprises; entrance hallway, open-plan living/kitchen area, double bedroom and modern shower room.
Further benefits include allocated parking, lift access and a Juliet balcony. An ideal home for professionals seeking a well-connected city-fringe location. Energy Efficiency Rating C.
Council Tax Band B. Holding Deposit: One weeks rent to reserve, then taken off move in monies. Damage Deposit: Five Weeks rent.
Entrance Hall Telecom entry system, wall mounted electric heater, built in cupboard housing hot water tank and plumbing for washing machine.
Living/Dining Room Double glazed patio doors with Juliet balcony, wall mounted electric heater, television aerial point.
Kitchen Area Range of wall and base units with work surfaces incorporating; stainless steel sink unit with mixer tap, electric oven and hob with extractor fan above, built in fridge/freezer and dishwasher.
Bedroom Double glazed window to rear elevation, wall mounted electric heater. Bathroom Double shower unit with glass screen, WC, pedestal wash hand basin, part tiled walls, extractor fan.
Material Information This property is managed by the landlord.
Tenure: We have been advised the property is leasehold (Please note the service charge and ground rent are payable by the landlord not tenant). Council Tax: Band B.
Authority; Utilities: Mains sewerage, water and electricity are connected. Please note there is no gas supply to the property.
Broadband: Follow the link to check broadband providers and speeds; Mobile Phone Coverage: Follow the link to check mobile signal for all networks; Parking: There is allocated parking available with this property.
We have not been advised of any restrictive Covenants at the outset of marketing.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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.
Area
Agent & docs
FAQ
About Willbrook House, Worsdell Drive, Gateshead, NE8
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