3-bedroom terraced house · NE8 2DJ
Sold STCListed 51 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A stylish home within one of Gateshead’s most distinctive riverside developments, combining contemporary living with a genuine sense of community.
Situated within the award-winning Staiths South Bank development, this attractive property enjoys a setting quite different from a conventional modern estate.
The Staiths was created by George Wimpey Homes in collaboration with designers Wayne and Gerardine Hemingway, founders of the iconic Red or Dead fashion label, with an emphasis on architecture, landscaped communal spaces and streets designed around people rather than cars.
Internally, the accommodation opens into a welcoming entrance hallway providing access to the principal ground floor rooms.
The kitchen is fitted with a modern range of wall and base units with contrasting work surfaces and space for appliances, while the living/dining room provides an excellent everyday living and entertaining space.
Large glazed doors allow plenty of natural light into the room and provide a pleasant outlook with direct access into the rear garden.
Moving upstairs, the property provides well-proportioned bedroom accommodation alongside the main bathroom, which is fitted with a modern suite.
The bedrooms offer flexibility for sleeping accommodation, home working or guest space, making the layout particularly well suited to first-time buyers, couples and professionals.
Externally, the private rear garden provides space for seating and entertaining, with access beyond into an additional communal garden for residents to enjoy.
The award-winning Staiths South Bank was created with HemingwayDesign around a community-focused riverside setting.
Named after the historic Dunston Staiths, the development offers riverside walks, green spaces and the popular Staiths Café at its heart.
Ideally placed for Newcastle City Centre, the Metrocentre and Team Valley, it also provides excellent access to the A1 and wider region.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
Agent & docs
FAQ
About August Courtyard, The Staiths
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