2-bedroom flat · NE8 3RJ
No longer listedListed 41 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented first floor flat with 2 good sized bedrooms.
Sitting Room (4.08m x 3.80m) | Kitchen (3.13m x 3.46m) | Bedroom One (2.37m x 3.79m) | Bedroom Two (3.14m x 2.79m) | Bathroom This well presented first floor apartment offers spacious accommodation throughout.
The communal entrance has stairs to the first floor with the main entrance to the property. The accommodation is all accessed from the main internal hallway.
The kitchen is fitted with a range of units and benefits from an integral oven and hob. The sitting room is of generous proportions and is naturally bright and there are two double bedrooms.
The bathroom is fitted with a white suite with WC, wash hand basin and bath with shower over.
Mains Gas | Mains Electricity | Mains Water and Drainage Council Tax – Band D Deposit – Equal to 1 weeks rent EPC - Band C | Rating 78 First Months Rent and Deposit (equal to 1 weeks rent) is payable at the start of the tenancy.
Holding Deposit (equal to 1 weeks rent) payable on submission of an application form An agent can only retain a holding deposit in certain circumstances: The tenant fails the Right to Rent check The tenant provides false or misleading information The tenant decides not to enter into the tenancy agreement The tenant fails to make all reasonable steps to enter into the tenancy agreement The holding deposit will be returned to the tenant if the landlord decides not to rent out the property.
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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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 Mount Pleasant Gardens, Gateshead, NE8
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