2 Bed Flat, Single Let, Gateshead, NE8 2DB, £130,000





ValuationUndervalued
Sold Prices | £59K - £475K |
Sold Prices/m² | £900/m² - £3.8K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £1.9K/m² |
Value Estimate | £135,220£135,220 |
BMV | 4% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £32,500£32,500 |
Stamp Duty & Legal Fees | £5,100£5,100 |
Total Cash In | £37,600£37,600 |
| |
Cash Out | |
Rent Range | £800 - £1,500£800 - £1,500 |
Rent Estimate | £775 |
Running Costs/mo | £581£581 |
Cashflow/mo | £194£194 |
Cashflow/yr | £2,325£2,325 |
ROI | 6%6% |
Gross Yield | 7%7% |
Local Sold Prices
50 sold prices from £59K to £475K, average is £150K. £900/m² to £3.8K/m², average is £2K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£152K | 06/23 | 0.21 mi | 119, Curzon Place, Gateshead, Tyne And Wear NE8 2ES | £2,181 | 70 | 2 | Flat | |
£120K | 06/23 | 0.21 mi | 116, Curzon Place, Gateshead, Tyne And Wear NE8 2ES | £1,923 | 62 | 2 | Flat | |
£140K | 12/20 | 0.21 mi | 78, Curzon Place, Gateshead, Tyne And Wear NE8 2ES | £1,950 | 72 | 2 | Flat | |
£138.1K | 12/20 | 0.21 mi | 88, Curzon Place, Gateshead, Tyne And Wear NE8 2ES | £1,891 | 73 | 2 | Flat | |
£92.5K | 11/23 | 0.21 mi | 66, Curzon Place, Gateshead, Tyne And Wear NE8 2ES | £1,076 | 86 | 2 | Flat | |
£117K | 11/23 | 0.23 mi | 42, Curzon Place, Gateshead, Tyne And Wear NE8 2ER | £1,845 | 63 | 2 | Flat | |
£130K | 05/23 | 0.23 mi | 30, Curzon Place, Gateshead, Tyne And Wear NE8 2ER | £1,912 | 68 | 2 | Flat | |
£125.5K | 08/23 | 0.23 mi | Apartment 33, Hanover Mill, Hanover Street, Newcastle Upon Tyne, Tyne And Wear NE1 3AB | - | - | 2 | Flat | |
£135K | 09/23 | 0.23 mi | Apartment 20, Hanover Mill, Hanover Street, Newcastle Upon Tyne, Tyne And Wear NE1 3AB | - | - | 2 | Flat | |
£150K | 05/24 | 0.23 mi | Hanover Mill, Apartment 26, Hanover Street, Newcastle Upon Tyne, Tyne And Wear NE1 3AB | £1,681 | 89 | 2 | Flat | |
£155K | 10/20 | 0.25 mi | Apartment 6, Mill House, Hanover Street, Newcastle Upon Tyne, Tyne And Wear NE1 3AG | - | - | 2 | Flat | |
£405K | 03/21 | 0.29 mi | Loft 2, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear NE1 1NA | - | - | 2 | Flat | |
£265K | 07/23 | 0.3 mi | Loft 48, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear NE1 1NA | £3,354 | 79 | 2 | Flat | |
£475K | 10/20 | 0.3 mi | Loft 9, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear NE1 1NA | - | - | 2 | Flat | |
£200K | 06/21 | 0.3 mi | Loft 26, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear NE1 1NA | - | - | 2 | Flat | |
£405K | 03/21 | 0.33 mi | Loft 2, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear NE1 1NA | - | - | 2 | Flat | |
£106K | 10/20 | 0.38 mi | 3e, Queen Street, Newcastle Upon Tyne, Tyne And Wear NE1 3UG | - | - | 2 | Flat | |
£165K | 04/24 | 0.38 mi | 23b, Queen Street, Newcastle Upon Tyne, Tyne And Wear NE1 3UG | £2,500 | 66 | 2 | Flat | |
£200K | 02/21 | 0.41 mi | 5, Peppercorn Court, Newcastle Upon Tyne, Tyne And Wear NE1 3HD | £2,381 | 84 | 2 | Flat | |
£86K | 01/23 | 0.48 mi | 14, Affleck Street, Gateshead, Tyne And Wear NE8 1QY | £1,259 | 68 | 2 | Flat | |
£315K | 06/23 | 0.51 mi | 26, Love Lane, Newcastle Upon Tyne, Tyne And Wear NE1 3DW | £3,750 | 84 | 2 | Flat | |
£195K | 12/20 | 0.51 mi | 7, Love Lane, Newcastle Upon Tyne, Tyne And Wear NE1 3DW | £2,500 | 78 | 2 | Flat | |
£98K | 03/23 | 0.52 mi | 70, Windmill Way, Gateshead, Tyne And Wear NE8 1NU | £1,750 | 56 | 2 | Flat | |
£129K | 11/20 | 0.52 mi | Apartment 314, The Bar, St James Gate, Newcastle Upon Tyne, Tyne And Wear NE1 4BA | - | - | 2 | Flat | |
£156K | 05/24 | 0.52 mi | The Bar, Apartment 608, St James Gate, Newcastle Upon Tyne, Tyne And Wear NE1 4BA | £2,053 | 76 | 2 | Flat | |
£185K | 03/24 | 0.53 mi | 21, Milk Market, Newcastle Upon Tyne, Tyne And Wear NE1 3DN | £2,394 | 77 | 2 | Flat | |
£152K | 06/23 | 0.53 mi | 6, Milk Market, Newcastle Upon Tyne, Tyne And Wear NE1 3DN | £2,155 | 71 | 2 | Flat | |
£59K | 11/20 | 0.53 mi | 5, Claremont South Avenue, Gateshead, Tyne And Wear NE8 1RJ | £1,073 | 55 | 2 | Flat | |
£150K | 04/24 | 0.53 mi | 55 Degrees North, 8/7, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BG | £1,974 | 76 | 2 | Flat | |
£165K | 02/21 | 0.53 mi | 8/13, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BG | £2,197 | 75 | 2 | Flat | |
£270K | 10/20 | 0.53 mi | P5, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BJ | £2,900 | 93 | 2 | Flat | |
£135.8K | 07/21 | 0.53 mi | 4/14, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BF | £1,698 | 80 | 2 | Flat | |
£155K | 12/22 | 0.53 mi | 5/14, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BF | £1,940 | 80 | 2 | Flat | |
£194K | 08/23 | 0.53 mi | 9/19, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BJ | £2,456 | 79 | 2 | Flat | |
£160K | 07/21 | 0.54 mi | 8/19, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BG | £2,046 | 78 | 2 | Flat | |
£215K | 09/23 | 0.54 mi | Apartment 409, Pandongate House, City Road, Newcastle Upon Tyne, Tyne And Wear NE1 2AY | - | - | 2 | Flat | |
£185K | 11/22 | 0.56 mi | Apartment 101, Pandongate House, City Road, Newcastle Upon Tyne, Tyne And Wear NE1 2AY | - | - | 2 | Flat | |
£113.5K | 11/20 | 0.57 mi | 77c, Grainger Street, Newcastle Upon Tyne, Tyne And Wear NE1 5JF | £1,599 | 71 | 2 | Flat | |
£159.5K | 11/23 | 0.6 mi | Apartment 14, Charltons Bonds, Waterloo Street, Newcastle Upon Tyne, Tyne And Wear NE1 4DE | - | - | 2 | Flat | |
£115K | 09/23 | 0.61 mi | Apartment 22, Waterloo House, Thornton Street, Newcastle Upon Tyne, Tyne And Wear NE1 4AP | - | - | 2 | Flat | |
£63K | 12/20 | 0.62 mi | 62, Woodbine Street, Gateshead, Tyne And Wear NE8 1SS | £900 | 70 | 2 | Flat | |
£104K | 12/20 | 0.62 mi | Apartment 5, Waterloo House, Thornton Street, Newcastle Upon Tyne, Tyne And Wear NE1 4AP | - | - | 2 | Flat | |
£135K | 07/23 | 0.64 mi | 12, Charlotte Mews, Newcastle Upon Tyne, Tyne And Wear NE1 4XH | £1,985 | 68 | 2 | Flat | |
£135K | 12/23 | 0.64 mi | 3, Charlotte Mews, Newcastle Upon Tyne, Tyne And Wear NE1 4XH | £2,596 | 52 | 2 | Flat | |
£152K | 11/23 | 0.67 mi | 18, Blackfriars Court, Newcastle Upon Tyne, Tyne And Wear NE1 4XB | £2,923 | 52 | 2 | Flat | |
£82.5K | 03/21 | 0.68 mi | 21, Chaucer Close, Gateshead, Tyne And Wear NE8 3NG | £1,548 | 53 | 2 | Flat | |
£90K | 01/24 | 0.68 mi | 52, Chaucer Close, Gateshead, Tyne And Wear NE8 3NG | - | - | 2 | Flat | |
£125.5K | 07/23 | 0.72 mi | 51, Gibson Street, Newcastle Upon Tyne, Tyne And Wear NE1 2LF | £2,156 | 58 | 2 | Flat | |
£142K | 05/21 | 0.73 mi | Apartment 34, Printworks, Rutherford Street, Newcastle Upon Tyne, Tyne And Wear NE4 5DP | - | - | 2 | Flat | |
£160K | 03/23 | 0.73 mi | Apartment 21, Printworks, Rutherford Street, Newcastle Upon Tyne, Tyne And Wear NE4 5DP | £3,200 | 50 | 2 | Flat |
Local Rents
50 rents from £800/mo to £1.5K/mo, average is £1.1K/mo.
Rent | Date | Distance | Address | Beds | Type | |
£1,350 | 03/25 | 0 mi | - | 2 | Flat | |
£925 | 06/24 | 0 mi | Cameronian Square, Worsdell Drive, Gateshead, Tyne and Wear, NE8 | 2 | Flat | |
£895 | 06/24 | 0 mi | Cameronian Square, Worsdell Drive, GATESHEAD, Tyne and Wear, NE8 | 2 | Flat | |
£1,100 | 03/24 | 0.01 mi | Cameronian Square, Worsdell Drive, Gateshead, Tyne And Wear, NE8 | 2 | Flat | |
£1,200 | 03/24 | 0.01 mi | Worsdell Drive, Gateshead, Tyne And Wear, NE8 | 2 | Flat | |
£1,200 | 06/24 | 0.01 mi | Cameronian Square, Ochre Yards, Gateshead, NE8 | 2 | Flat | |
£925 | 06/24 | 0.01 mi | Cameronian Square, Gateshead | 2 | Flat | |
£895 | 06/24 | 0.01 mi | Cameronian Square, Ochre Yards, Gateshead, NE8 | 2 | Flat | |
£1,020 | 07/24 | 0.01 mi | Cameronian Square, Ochre Yards, Gateshead, NE8 | 2 | Flat | |
£1,150 | 02/25 | 0.01 mi | - | 2 | Flat | |
£895 | 06/24 | 0.01 mi | Cameronian Square, Worsdell Drive, Gateshead | 2 | Flat | |
£1,200 | 06/24 | 0.02 mi | Fairway Court, Fletcher Road, Gateshead, NE8 | 2 | Flat | |
£1,250 | 03/24 | 0.02 mi | Tranquil House, Worsdell Drive, Gateshead, Tyne And Wear, NE8 | 2 | Flat | |
£1,350 | 03/24 | 0.02 mi | Worsdell Drive, Gateshead, Tyne And Wear, NE8 | 2 | Flat | |
£895 | 06/24 | 0.04 mi | Colombo Square, Worsdell Drive, Gateshead, Tyne & Wear, NE8 | 2 | Flat | |
£1,500 | 03/24 | 0.04 mi | Colombo Square, Worsdell Drive, Gateshead, Tyne And Wear, NE8 | 2 | Flat | |
£1,000 | 06/24 | 0.04 mi | Colombo Square, Worsdell Drive, Gateshead, Tyne And Wear, NE8 | 2 | Flat | |
£1,020 | 06/24 | 0.04 mi | Colombo Square, Worsdell Drive, Ochre Yards, Gateshead, NE8 | 2 | Flat | |
£1,020 | 06/24 | 0.04 mi | Colombo Square, Worsdell Drive, Ochre Yards, Gateshead, NE8 | 2 | Flat | |
£895 | 06/24 | 0.04 mi | Colombo Square, Gateshead | 2 | Flat | |
£1,020 | 07/24 | 0.04 mi | Colombo Square, Worsdell Drive, Gateshead, NE8 | 2 | Flat | |
£1,200 | 06/24 | 0.04 mi | Colombo Square, Worsdell Drive, Gateshead, Tyne And Wear, NE8 | 2 | Flat | |
£1,195 | 07/24 | 0.05 mi | Willbrook House, Gateshead Quays | 2 | Flat | |
£1,020 | 06/24 | 0.05 mi | Colombo Square, Worsdell Drive, Gateshead | 2 | Flat | |
£1,020 | 06/24 | 0.05 mi | Worsdell Drive, Gateshead, NE8 | 2 | Flat | |
£900 | 11/24 | 0.05 mi | - | 2 | Flat | |
£1,100 | 03/24 | 0.05 mi | Willbrook House, Worsdell Drive, Gateshead, Tyne And Wear, NE8 | 2 | Flat | |
£1,200 | 06/24 | 0.05 mi | Worsdell Drive, Gateshead, Tyne And Wear, NE8 | 2 | Flat | |
£1,350 | 07/24 | 0.05 mi | Willbrook House, Worsdell Drive, Gateshead, NE8 | 2 | Flat | |
£1,195 | 06/24 | 0.06 mi | Ochre Mews, Raven Road, Gateshead, NE8 | 2 | Flat | |
£1,045 | 06/24 | 0.06 mi | Ochre Mews, Raven Road, Gateshead, NE8 | 2 | Flat | |
£1,225 | 06/24 | 0.06 mi | Ochre Mews, Raven Road, Gateshead, NE8 | 2 | Flat | |
£800 | 06/24 | 0.06 mi | Worsdell Drive, Gateshead | 2 | Flat | |
£945 | 03/25 | 0.06 mi | - | 2 | Flat | |
£995 | 11/24 | 0.06 mi | - | 2 | Flat | |
£940 | 06/24 | 0.06 mi | Willbrook House, Worsdell Drive, Gateshead, NE8 | 2 | Flat | |
£1,250 | 10/24 | 0.06 mi | - | 2 | Flat | |
£1,300 | 06/24 | 0.07 mi | Ochre Mews, Raven Road, Gateshead, NE8 2FF | 2 | Flat | |
£1,150 | 07/24 | 0.07 mi | Worsdell Drive, Gateshead, NE8 | 2 | Flat | |
£1,450 | 06/24 | 0.08 mi | Willbrook House, Ochre Yards, Worsdell Drive, Gateshead, Tyne And Wear, NE8 | 2 | Flat | |
£1,200 | 03/24 | 0.08 mi | Willbrook House, Worsdell Drive, Gateshead, Tyne And Wear, NE8 | 2 | Flat | |
£1,200 | 07/24 | 0.08 mi | Willbrook House, Worsdell Drive, Gateshead, Tyne And Wear, NE8 | 2 | Flat | |
£1,200 | 07/24 | 0.08 mi | Willbrook House, Worsdell Drive, Gateshead, Tyne And Wear, NE8 | 2 | Flat | |
£1,200 | 06/24 | 0.08 mi | Worsdell Drive, Gateshead, Tyne And Wear, NE8 | 2 | Flat | |
£1,100 | 06/24 | 0.08 mi | Marmion Court, Worsdell Drive, Gateshead, NE8 | 2 | Flat | |
£1,200 | 06/24 | 0.08 mi | Marmion Court, Worsdell Drive, Gateshead, Tyne And Wear, NE8 | 2 | Flat | |
£1,200 | 10/24 | 0.09 mi | - | 2 | Flat | |
£1,150 | 07/24 | 0.09 mi | - | 2 | Flat | |
£1,300 | 06/24 | 0.1 mi | Kenilworth House, Fletcher Road, Gateshead, Tyne And Wear, NE8 | 2 | Flat | |
£1,450 | 06/24 | 0.1 mi | Kenilworth House, Ochre Yards, Gateshead Quays, NE8 | 2 | Terraced House |
Local Area Statistics
Population in NE8 | 32,35832,358 |
Population in Gateshead | 122,353122,353 |
Town centre distance | 1.87 miles away1.87 miles away |
Nearest school | 0.30 miles away0.30 miles away |
Nearest train station | 0.44 miles away0.44 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +64%+64% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +15%+15% |
Property History
Listed for £130,000
August 21, 2023
Description
- Video tour available +
- Modern apartment +
- Allocated parking +
- Open plan kitchen livingroom +
- Gateshead quays +
- Close to Newcastle City Centre +
- 1 Year Service Charge & Ground Rent Included in the Sale +
We are delighted welcome to the market this two double bedroom apartment in Cameronian Square, Ochre Yards, Gateshead Quayside. The apartment has a modern open plan kitchen/ living-room with Juliet balcony, two double bedrooms with fitted wardrobes, bathroom with bath and shower over and allocated parking. It benefits from good local transport links, large local supermarket, cinema, gym and Gateshead Metro station close by. Newcastle City Centre is also within a short walking distance with its many amenities, shopping, cinema's, supermarkets, gym's, bowling alley, restaurants, cafes and bars.
* This property is currently let on a rolling contract at £775.00 PCM * EPC RATING C * COUNCIL TAX BAND C * LEASE FOR 125 YEARS FROM 1ST JAN 2005 ***
Communal Entrance
A secure entry door system gives access to the communal area where their are letterboxes, access to the car park, stairs and a lift to the 3rd Floor Apartment private entrance.
Hallway
This has a wall mounted Videx entry door system, wall mounted electricity consumer unit, electric wall heater and door to a cupboard which houses the washer dryer and water tank.
Bathroom 2.18m (7'2) x 1.68m (5'6)
With a white suite consisting of wc, pedestal wash hand basin with chrome taps, bath with mains shower over, chrome bath filler, glazed shower door, extractor fan, ladder style heated towel rail, partially tiled walls, skirting, vinyl flooring and recessed wooden/glass storage shelving.
Bedroom One 5.36m (17'7) x 2.69m (8'10)
This has a double glazed window overlooking the inner paved courtyard, wall mounted electric heater, skirting, power points and space for double wardrobe.
Bedroom Two 3.35m (11'0) x 2.64m (8'8)
With a double glazed window overlooking the inner paved courtyard, wall mounted electric radiator, power points and skirting.
Open Plan Living Room 6.43m (21'1) x 3.96m (13')
This has a pair of double glazed patio doors with Juliette balcony again giving views over the very pleasant paved inner courtyard, wall mounted electric heater, power and tv points, skirting and space for dining table and four chairs.
Kitchen
With a range of wall and floor units in a wooden style laminate with metal handles, melamine work surfaces and splashback, vinyl flooring, power points, integrated fridge/freezer and slimline dishwasher, vinyl flooring, round stainless steel sink with chrome mono tap and matching drainer, integrated electric oven, hob and stainless steel splashback with cooker hood above.
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