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See how verdicts work4-bedroom flat · NE8 4UL
Listing removedListed 356 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Wilson Defraine are delighted to bring to the market this 4 bed maisonette situated within this quiet area of Bensham, Gateshead with superb transport links to A1 bypass, Metro centre, Team Valley and Newcastle City centre.
Council Tax Band: A (Gateshead Council) Tenure: Leasehold (961 years) Ground Rent: £15 per year Access Property accessed via pathway with stairs leading to timber front door into entrance lobby.
Entrance Lobby Wood effect laminate to floors, neutral decor to walls, pendant light fitting to ceiling and carpeted stairs leading to the first floor landing.
Landing (2.48m x 1.44m over stairwell) Wood effect laminate continued through with neutral decor to walls, pendant light fitting to ceiling, space for console table, doors leading to all 1st floor accommodation and stairs leading to the 2nd floor.
Lounge (5.68m x 4.38m) Accessed via first floor landing with wood effect laminate to floors, neutral decor to walls, 2 x pendant light fittings to ceiling, warmed via wall mounted radiator, 2 x large double glazed windows with openers to rear elevation, space for large American style fridge freezer, ample space for dining table and lounge furniture and door leading through to the kitchen.
Kitchen (2.64m x 2.36m) Tile effect vinyl flooring, tiles to splash back areas with neutral decor to remaining, space for automatic washing machine and under bench freezer, inter grated oven with 4 ring gas hob and extractor above, a range of wood effect wall and base units with chrome fixtures, stainless steel sink with chrome mixer tap, large double glazed window with opener to side elevation, door leading through to utility area.
Utility Area Utility area includes space for dryer, combo boiler system, neutral decor to walls, pendant light fitting to ceiling, door leading through to the bathroom and stairs leading down to the rear yard.
Bathroom (2.41m x 1.77m) Located to the rear of the property with fully tiled walls, wood effect vinyl to floors, 3 piece white suite with chrome fixtures and shower over bath, warmed via wall mounted radiator, concealed light fitting to ceiling, mechanical ventilation, large opaque window with opener to side elevation providing natural light.
Master Bedroom (4.14m x 3.83m) Accessed via first floor landing with carpets to floors, neutral decor to walls, pendant light fitting to ceiling, space for double bed, warmed via wall mounted radiator, large built in storage providing ample space, double glazed window with opener, and ample space for bedroom furniture.
Bedroom 4 (2.72m x 2.22m) Located to the front of the property with neutral decor to walls, pendant light fitting to ceiling, space for double bed, weed via wall mounted radiator with thermostatic valve, large double glazed window with opener and space for bedroom furniture.
Bedroom 2 (4.73m x 3.44m) Accessed via 2nd floor landing with wood effect laminate to floors, neutral decor to walls, space for large double bed, warmed via wall mounted radiator, light fitting to ceiling, 2 x large double glazed windows with openers providing an abundance of light and ample space for bedroom furniture.
Bedroom 3 (5.31m x 2.92m) Located to the rear of the property with carpets to floors, neutral decor to walls, pendant light fitting to ceiling, warmed via wall mounted radiator, space for double bed, large bay window with 2 x openers and ample space for bedroom furniture.
Rear Yard Accessed via stairs from utility area with storage space for bins, out house with storage space and gate leading into the rear lane.
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
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FAQ
About 88 Faraday Grove, Gateshead
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