16 Stuart Terrace, Gateshead, Tyne And Wear, NE10 0ET
- Unconditional Online Auction Sale
- Guide Price* : £70,000
- Bedrooms: 4
- Bathrooms: 1
- Reception Rooms: 2
Description
ONLINE AUCTION ENDING THURSDAY 17 DECEMBER AT 12PM – PRE-AUCTION OFFERS CONSIDERED.
Floor area: approx. 140 sq m (1,507 sq ft) – about £46 per sq ft at the guide price
Estimated HMO income: 4 rooms at around £500 pcm each, bills included – about £2,000 pcm (£24,000 per annum)
Gross yield at guide as an HMO: 34.3%, before bills, running costs and refurbishment
Single-let alternative: around £750 pcm (£9,000 per annum), a 12.9% gross yield at guide
Recent sales: the last 20 sales within 0.5 miles averaged £112 per sq ft (HM Land Registry via PropertyData, May 2025 – August 2026). Flats among them:
- 8 Rochester Terrace – 2-bed flat – £106,599 – May 2025
- 3 Stowell Terrace – 2-bed flat – £82,000 – February 2026
- 15 Wesley Court – flat, 710 sq ft – £65,000 – April 2026
- 3a Collingwood Street – flat, 592 sq ft – £55,000 – March 2026
HMO room evidence (double rooms with shared bathroom, bills included, PropertyData, November 2026):
- Stowell Terrace, Heworth (0.5 miles) – £572 pcm
- Pelaw (0.7 miles) – £524 pcm
- Sunderland Road, Gateshead (0.8 miles) – £425 pcm
- Sunderland Road area, Gateshead (0.8 miles) – £520 pcm
- Byker (0.9 miles) – £498 pcm
- Gateshead Stadium area (0.9 miles) – £550 pcm
The average across these six rooms within 0.9 miles is £515 pcm. Room rents include bills.
Rental evidence (3-bed flats advertised to let, PropertyData, November 2026):
- York Terrace, Felling (0.3 miles) – £750 pcm
- Gosforth Street, Felling (0.3 miles) – £832 pcm
- Stowell Terrace, Heworth (0.5 miles) – £802 pcm
- Woodlands Terrace, Gateshead (0.6 miles) – £693 pcm
- Hewitson Terrace, Gateshead (0.6 miles) – £702 pcm
- Princess Street, Pelaw (0.8 miles) – £776 pcm
The average across these six 3-bed flats within 0.8 miles is £759 pcm. With four bedrooms, this flat is larger than the evidence above. All rents are asking rents, not achieved rents. Buyers should make their own enquiries.
THE PROPERTY
A first-floor flat in a period red-brick terrace, with a dormer to the front. Two good-sized reception rooms with large windows, high ceilings, a ceiling rose and an exposed brick fireplace. Kitchen with wooden units and a gas cooker, and a bathroom with a bath and shower over and heated towel rail. Four bedrooms, including an attic room with a Velux window and built-in shelving. Outside is a private enclosed yard with a wooden gate, and on-street parking to the front.
The flat needs extensive updating throughout. EPC C (73).
TENANCY
Vacant possession on completion. The flat was previously let as a 4-bed HMO.
LOCATION
Felling, Gateshead – a short walk from Felling Metro station, with direct trains to Gateshead and Newcastle city centre, and close to the shops on Felling High Street. Good road links via the A184 to Gateshead, Newcastle and the A1(M).
AUCTION TERMS
Sold under unconditional auction terms. Contracts exchange when the auction ends and completion must take place within 28 days.
Deposit: 5% of the purchase price (minimum £3,600), non-refundable, contributing towards the purchase price.
Buyer's premium: 2.4% inc VAT (minimum £3,600 inc VAT), non-refundable and payable in addition to the purchase price.
Legal pack: free to download from the lot page. Please read it, including the special conditions, before bidding, and take legal advice if unsure.
Bids are legally binding once placed and stand until 2 hours after the auction closes. Pre-auction offers are considered.
DISCLAIMER
These particulars are a general guide only and do not form part of any offer or contract. Measurements, floor areas and distances are approximate. We have not tested any services, appliances or fittings, and buyers should rely on their own inspection, surveys and legal advice rather than on these particulars.
Sales and rental figures come from third-party data (HM Land Registry and PropertyData) and are given for guidance only. They are not a valuation and do not guarantee any value, rent or return.
A guide price is an indication of the seller's current minimum acceptable price at auction and may change. The reserve is the seller's minimum acceptable price and is expected to be no more than 10% above a single-figure guide. All information is believed correct at the time of writing, but buyers must make their own enquiries and read the legal pack before bidding.
Council Tax Band
A
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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