2-bedroom flat · NE8 3PR
Sold STCListed 193 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located on King Edward Street in Gateshead, this upper flat presents an excellent opportunity for both first-time buyers and investors alike.
Currently configured as a two-bedroom residence with two reception rooms, the layout offers flexibility and can easily be reverted to its original design of three bedrooms if desired.
Upon entering, you are welcomed by an entrance lobby that leads to a staircase ascending to the first floor.
Here, you will find a spacious landing that provides access to a comfortable lounge with opening to dining room and two well-proportioned bedrooms.
The kitchen, conveniently located, leads to a rear lobby that grants access to the bathroom. One of the standout features of this property is the private rear yard, perfect for enjoying the outdoors.
While the flat does require some updating, it boasts great potential for those looking to add their personal touch and enhance its charm.
The location is particularly advantageous, offering easy access to Newcastle city centre, making it ideal for those who wish to enjoy the vibrant urban lifestyle.
With its promising features and prime location, this flat is a fantastic opportunity for anyone looking to invest in a property with great potential.
Entrance Lobby - First Floor Landing - Lounge - 4.46 x 3.53 (14'7" x 11'6") - Dining Room / Bedroom Three - 3.68 x 2.47 (12'0" x 8'1" ) - Kitchen - 2.82 x 2.03 (9'3" x 6'7") - Bathroom - Bedroom One - 4.52 x 3.17 (14'9" x 10'4") - Bedroom Two - 3.12 x 2.33 (10'2" x 7'7") - External - private yard Property Disclaimer - IMPORTANT NOTE TO PURCHASERS: We endeavour to make our sales 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 measurements have been taken as a guide to prospective buyers 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 travelling some distance to view.
Fixtures and fittings other than those mentioned are to be agreed with the seller. We cannot also confirm at this stage of marketing the tenure of this house.
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 advisors 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 King Edward Street, Gateshead
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