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See how verdicts work2-bedroom flat · NE8 4AA
Sold STCListed 238 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Jan Mitchell Properties are delighted to offer for sale this two bedroom ground floor flat with private rear yard on Shipcote Terrace, offered with No Onward Chain, that would make an ideal purchase for the first time buyer, down-sizer or investor alike.
Internally the property does require some updating and briefly comprises of:- Private entrance hall, two generous bedrooms, a three piece bathroom with shower over the bath, lounge and fitted kitchen leading out onto the private rear yard with gated access to provide off street parking.
With gas central heating and double glazing, overall it is a great flat that has to be viewed to appreciate the potential on offer.
Location This properties location provides easy access for commuting to Gateshead, Newcastle City Centre, as well as to Team Valley and the Metro Centre.
With excellent road links and public transport network, it is an ideal location for commuters.
Benefits for family's include for its proximity to local primary and secondary schools, as well as leisure facilities including Saltwell Park.
Measurements Lounge - 3.96 x 4.49 Kitchen - 2.02 x 4.64 Bedroom One - 4.29 x 3.29 Bedroom Two - 2.32 x 4.47 IMPORTANT NOTE TO PURCHASERS We endeavour to make our property details accurate, however, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact.
Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency.
All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval.
If you require clarification of further information on any points please contact us direct.
MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain.
Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing.
Prospective purchasers must make further enquiries with their legal adviser Council Tax Band: A (Gateshead Council) Tenure: Leasehold (86 years) Ground Rent: £20 per year £10 ground rent paid every 6 months to Home Housing.
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 Shipcote Terrace, Gateshead
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