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See how verdicts workHouse · NE8 3JJ
Listing removedListed 263 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Prime development opportunity in central Gateshead. This cleared site on Hopper Street benefits from detailed pre-application planning advice for an 8-storey residential scheme comprising 94 units.
Ideally located within the Urban Core, close to transport links and local amenities.
A rare opportunity to acquire a strategically located development site on Hopper Street, Gateshead, within the town’s established Urban Core and Primary Shopping Area.
The site has been the subject of detailed pre-application discussions with Gateshead Council regarding the proposed demolition of the existing building and redevelopment to form an eight-storey co-living and student-style residential scheme comprising 94 units, together with communal facilities, cycle storage, and bin stores.
Full pre-application documentation is available to interested parties.
The Council has confirmed that, in principle, additional residential accommodation in this town centre location is acceptable and would support regeneration and increased footfall.
The site also benefits from excellent public transport links, being within close proximity to Gateshead Interchange, and offers convenient access to Newcastle City Centre and the wider regional road network.
Located within a mixed-use commercial and residential area, the site is surrounded by a wide range of amenities including shops, cafés, leisure facilities, and professional services, making it a highly attractive location for future occupiers.
The plot represents an ideal opportunity for developers, investors, and operators seeking to deliver high-density residential, co-living, or student accommodation in a proven and well-connected urban location.
Prospective purchasers are advised that further design development and technical work will be required as part of any formal planning application, particularly in relation to waste management, transport, design, and environmental considerations.
This is a prime development opportunity in one of Gateshead’s most accessible and regenerating locations.
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 Hopper Street, Gateshead, Newcastle-Upon-Tyne, NE8
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