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See how verdicts work3-bedroom flat · NE8 4TU
Listing removedListed 305 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Sarah Mains Residential have received an offer of £75,000.00. Any increased offers are to be received within 5 days of this publication at the above Agents.
Situated just off Saltwell Road, with its excellent selection of local amenities, this well-proportioned first-floor flat offers a perfect blend of space, comfort, and practicality.
Ideal for first-time buyers, professionals, or investors, the property provides versatile accommodation in a sought-after location.
The flat comprises three bedrooms, with the main bedroom being particularly impressive, featuring a charming bay window and fitted sliding-door wardrobes, offering excellent storage.
The second and third bedrooms are also generously sized, providing flexible options for family living, home office space, or guest rooms.
To the rear, a spacious and welcoming lounge creates an inviting space for relaxation and entertaining, complemented by a practical galley-style kitchen that offers plenty of worktop space and storage.
The property is completed by a well-appointed bathroom.
Externally, the flat benefits from a yard, ideal for outdoor seating or gardening, with gated access leading directly onto the rear lane, providing added convenience and security.
Early viewing is strongly recommended to fully appreciate the size, layout, and potential of this fantastic home.
EPC Rating: C Lounge (3.76m x 3.66m) Kitchen (3.30m x 1.68m) Bathroom (1.75m x 1.42m) Bedroom One (4.60m x 2.84m) Bedroom Two (2.72m x 2.62m) Bedroom Three (3.45m x 2.00m) Property Information Local Authority – Gateshead Flood Risk - This property is listed as currently having no risk of flooding although we have not seen any legal written confirmation to be able to confirm this.
Please contact the branch if you have any queries in relation to the flood risk before proceeding to purchase the property.
TV and Broadband BT and Sky Basic, Ultrafast, Superfast Mobile Network Coverage EE, Vodafone, Three, O2 Please note, we have not seen any documentary evidence to be able to confirm the above information and recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
Recording Devices Please be aware that some properties may be equipped with CCTV, video doorbells, or other recording devices (including internal audio/video surveillance) for security purposes.
While viewings are conducted in private homes, we ask that all attendees respect that the property owner may choose to monitor or record access to their home.
If you have any concerns regarding this, please speak to a member of our team prior to your appointment.
We have advised all vendors that any recording during viewings should be disclosed and used strictly for personal purposes only, in accordance with data protection and privacy laws.
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
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FAQ
About 5 Watt Street, Gateshead
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