Stuart Terrace, Gateshead, NE10
North East
£70,000Guide Price
Listed on 11/11/2026
Listed on 11/11/2026
The listing
Property details
Bedrooms
4Type
FlatArea
1507 sqftFeatures
- Garden
- HMO
- Parking
- Tenanted
Description
Offered at auction, this vacant first-floor flat in Felling has four bedrooms and approximately 1,507 sq ft of accommodation. It was previously used as a four-bedroom HMO. The layout includes two reception rooms, a kitchen, a bathroom and an attic bedroom, with a private enclosed yard and on-street parking. The property is described as needing extensive updating throughout, while the stated EPC rating is C (73).
The listing gives an estimated HMO income of around £2,000 per month, bills included, and a single-let estimate of around £750 per month. These are asking estimates rather than guaranteed rents and do not account for running costs or refurbishment. The flat is close to Felling Metro station and local shops, with road links via the A184. The auction is unconditional, with completion required within 28 days; buyers should review the legal pack and auction terms before bidding.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
73out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £70,000, this four-bedroom first-floor flat is offered at about £46 per sq ft, well below the local average cited in the listing. That gives buyers an unusually low entry point for a large period property, with two reception rooms, high ceilings and retained features including an exposed-brick fireplace and ceiling rose.
The interiors and enclosed yard show visible wear, so this is a substantial improvement project rather than a quick refresh: there is scope to renew finishes and flooring, update the kitchen, and bring the yard back into use. The roof’s condition cannot be confirmed from the street view. The sale is by auction; bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
Key opportunities
- Use the two reception rooms, high ceilings and period features as the foundation for a more cohesive, refreshed interior.
- The four-bedroom layout and large floor area offer scope to improve how the flat works as a home or rental, subject to the buyer’s plans.
- Clear and improve the enclosed paved yard, while renewing worn flooring and marked finishes across the visible rooms.
Key risks
- Marked walls, worn flooring and a neglected yard make this a substantial multi-room programme; allow for a coordinated full-property works schedule rather than a cosmetic refresh.
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Transport
Nearest stations
Felling (Tyne and Wear Metro Station)
0.3 miles
Metro · Felling
Heworth Rail Station
0.5 miles
Train · Heworth
Heworth (Tyne and Wear Metro Station)
0.5 miles
Metro · Heworth
Gateshead Stadium (Tyne and Wear Metro Station)
0.9 miles
Metro · Gateshead Stadium
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£286
Based on a loan of £52,500 over 30 years at 5.13% interest
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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Indicative tax based on the asking price and the options you select.
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