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See how verdicts work3-bedroom flat · NE8 4QX
Listing removedListed 137 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Sold with a tenant in situ and generating an annual rental income of 7,200, this three bedroom upper flat is located in a popular residential area just off Whitehall Road.
The property is well placed for access to a range of local amenities and excellent transport links, with the A1 and Team Valley both just a short drive away.
Benefiting from UPVC double glazing and gas central heating, the accommodation comprises an entrance lobby, landing, lounge, kitchen, bathroom and three bedrooms.
Externally, there is a private yard to the rear.
Council Tax Band: A Tenure: Leasehold Length of Lease: 958 First Floor Landing Radiator Lounge (4.1m x 3.6m) UPVC double glazed window, radiator, door to bedroom three and door to kitchen.
Kitchen (2.5m x 2.3m) (Measured to widest points) Fitted in a range of grey wall and base units, with electric hob and oven, space for automatic washing machine, UPVC double glazed windows, combi boiler, stairs to the rear and bathroom.
Bathroom (2.2m x 1.3m) Three piece white suite comprising of a panelled bath with mains fed shower over, WC, wash basin, UPVC double glazed window, radiator.
Bedroom One (4.6m x 3.1m) UPVC double glazed bay window, radiator Bedroom Two (2.8m x 2.4m) UPVC double glazed window, radiator, built in cupboard.
Bedroom Three (3m x 2m) UPVC double glazed window, radiator. External Yard to rear
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
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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
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FAQ
About 37, Saltwell Street, Gateshead
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