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

Cameronian Square, Ochre Yards, Gateshead, NE8 2DB - 7 views - 2 years ago

Leasehold
BTL
ROI: 6%
~68 m²
+1 photos

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
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Total Cash In

£37,600

 

 

Cash Out

 

Rent Range

£800 - £1,500

Rent Estimate

£775

Running Costs/mo

£581

Cashflow/mo

£194

Cashflow/yr

£2,325

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £59K to £475K, average is £150K. £900/m² to £3.8K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£152K06/230.21 mi119, Curzon Place, Gateshead, Tyne And Wear NE8 2ES2
£120K06/230.21 mi116, Curzon Place, Gateshead, Tyne And Wear NE8 2ES2
£140K12/200.21 mi78, Curzon Place, Gateshead, Tyne And Wear NE8 2ES2
£138.1K12/200.21 mi88, Curzon Place, Gateshead, Tyne And Wear NE8 2ES2
£92.5K11/230.21 mi66, Curzon Place, Gateshead, Tyne And Wear NE8 2ES2
£117K11/230.23 mi42, Curzon Place, Gateshead, Tyne And Wear NE8 2ER2
£130K05/230.23 mi30, Curzon Place, Gateshead, Tyne And Wear NE8 2ER2
£125.5K08/230.23 miApartment 33, Hanover Mill, Hanover Street, Newcastle Upon Tyne, Tyne And Wear NE1 3AB2
£135K09/230.23 miApartment 20, Hanover Mill, Hanover Street, Newcastle Upon Tyne, Tyne And Wear NE1 3AB2
£150K05/240.23 miHanover Mill, Apartment 26, Hanover Street, Newcastle Upon Tyne, Tyne And Wear NE1 3AB2
£155K10/200.25 miApartment 6, Mill House, Hanover Street, Newcastle Upon Tyne, Tyne And Wear NE1 3AG2
£405K03/210.29 miLoft 2, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear NE1 1NA2
£265K07/230.3 miLoft 48, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear NE1 1NA2
£475K10/200.3 miLoft 9, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear NE1 1NA2
£200K06/210.3 miLoft 26, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear NE1 1NA2
£405K03/210.33 miLoft 2, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear NE1 1NA2
£106K10/200.38 mi3e, Queen Street, Newcastle Upon Tyne, Tyne And Wear NE1 3UG2
£165K04/240.38 mi23b, Queen Street, Newcastle Upon Tyne, Tyne And Wear NE1 3UG2
£200K02/210.41 mi5, Peppercorn Court, Newcastle Upon Tyne, Tyne And Wear NE1 3HD2
£86K01/230.48 mi14, Affleck Street, Gateshead, Tyne And Wear NE8 1QY2
£315K06/230.51 mi26, Love Lane, Newcastle Upon Tyne, Tyne And Wear NE1 3DW2
£195K12/200.51 mi7, Love Lane, Newcastle Upon Tyne, Tyne And Wear NE1 3DW2
£98K03/230.52 mi70, Windmill Way, Gateshead, Tyne And Wear NE8 1NU2
£129K11/200.52 miApartment 314, The Bar, St James Gate, Newcastle Upon Tyne, Tyne And Wear NE1 4BA2
£156K05/240.52 miThe Bar, Apartment 608, St James Gate, Newcastle Upon Tyne, Tyne And Wear NE1 4BA2
£185K03/240.53 mi21, Milk Market, Newcastle Upon Tyne, Tyne And Wear NE1 3DN2
£152K06/230.53 mi6, Milk Market, Newcastle Upon Tyne, Tyne And Wear NE1 3DN2
£59K11/200.53 mi5, Claremont South Avenue, Gateshead, Tyne And Wear NE8 1RJ2
£150K04/240.53 mi55 Degrees North, 8/7, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BG2
£165K02/210.53 mi8/13, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BG2
£270K10/200.53 miP5, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BJ2
£135.8K07/210.53 mi4/14, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BF2
£155K12/220.53 mi5/14, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BF2
£194K08/230.53 mi9/19, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BJ2
£160K07/210.54 mi8/19, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BG2
£215K09/230.54 miApartment 409, Pandongate House, City Road, Newcastle Upon Tyne, Tyne And Wear NE1 2AY2
£185K11/220.56 miApartment 101, Pandongate House, City Road, Newcastle Upon Tyne, Tyne And Wear NE1 2AY2
£113.5K11/200.57 mi77c, Grainger Street, Newcastle Upon Tyne, Tyne And Wear NE1 5JF2
£159.5K11/230.6 miApartment 14, Charltons Bonds, Waterloo Street, Newcastle Upon Tyne, Tyne And Wear NE1 4DE2
£115K09/230.61 miApartment 22, Waterloo House, Thornton Street, Newcastle Upon Tyne, Tyne And Wear NE1 4AP2
£63K12/200.62 mi62, Woodbine Street, Gateshead, Tyne And Wear NE8 1SS2
£104K12/200.62 miApartment 5, Waterloo House, Thornton Street, Newcastle Upon Tyne, Tyne And Wear NE1 4AP2
£135K07/230.64 mi12, Charlotte Mews, Newcastle Upon Tyne, Tyne And Wear NE1 4XH2
£135K12/230.64 mi3, Charlotte Mews, Newcastle Upon Tyne, Tyne And Wear NE1 4XH2
£152K11/230.67 mi18, Blackfriars Court, Newcastle Upon Tyne, Tyne And Wear NE1 4XB2
£82.5K03/210.68 mi21, Chaucer Close, Gateshead, Tyne And Wear NE8 3NG2
£90K01/240.68 mi52, Chaucer Close, Gateshead, Tyne And Wear NE8 3NG2
£125.5K07/230.72 mi51, Gibson Street, Newcastle Upon Tyne, Tyne And Wear NE1 2LF2
£142K05/210.73 miApartment 34, Printworks, Rutherford Street, Newcastle Upon Tyne, Tyne And Wear NE4 5DP2
£160K03/230.73 miApartment 21, Printworks, Rutherford Street, Newcastle Upon Tyne, Tyne And Wear NE4 5DP2

Local Rents

50 rents from £800/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,35003/250 mi-2
£92506/240 miCameronian Square, Worsdell Drive, Gateshead, Tyne and Wear, NE82
£89506/240 miCameronian Square, Worsdell Drive, GATESHEAD, Tyne and Wear, NE82
£1,10003/240.01 miCameronian Square, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20003/240.01 miWorsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20006/240.01 miCameronian Square, Ochre Yards, Gateshead, NE82
£92506/240.01 miCameronian Square, Gateshead2
£89506/240.01 miCameronian Square, Ochre Yards, Gateshead, NE82
£1,02007/240.01 miCameronian Square, Ochre Yards, Gateshead, NE82
£1,15002/250.01 mi-2
£89506/240.01 miCameronian Square, Worsdell Drive, Gateshead2
£1,20006/240.02 miFairway Court, Fletcher Road, Gateshead, NE82
£1,25003/240.02 miTranquil House, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,35003/240.02 miWorsdell Drive, Gateshead, Tyne And Wear, NE82
£89506/240.04 miColombo Square, Worsdell Drive, Gateshead, Tyne & Wear, NE82
£1,50003/240.04 miColombo Square, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,00006/240.04 miColombo Square, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,02006/240.04 miColombo Square, Worsdell Drive, Ochre Yards, Gateshead, NE82
£1,02006/240.04 miColombo Square, Worsdell Drive, Ochre Yards, Gateshead, NE82
£89506/240.04 miColombo Square, Gateshead2
£1,02007/240.04 miColombo Square, Worsdell Drive, Gateshead, NE82
£1,20006/240.04 miColombo Square, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,19507/240.05 miWillbrook House, Gateshead Quays2
£1,02006/240.05 miColombo Square, Worsdell Drive, Gateshead2
£1,02006/240.05 miWorsdell Drive, Gateshead, NE82
£90011/240.05 mi-2
£1,10003/240.05 miWillbrook House, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20006/240.05 miWorsdell Drive, Gateshead, Tyne And Wear, NE82
£1,35007/240.05 miWillbrook House, Worsdell Drive, Gateshead, NE82
£1,19506/240.06 miOchre Mews, Raven Road, Gateshead, NE82
£1,04506/240.06 miOchre Mews, Raven Road, Gateshead, NE82
£1,22506/240.06 miOchre Mews, Raven Road, Gateshead, NE82
£80006/240.06 miWorsdell Drive, Gateshead2
£94503/250.06 mi-2
£99511/240.06 mi-2
£94006/240.06 miWillbrook House, Worsdell Drive, Gateshead, NE82
£1,25010/240.06 mi-2
£1,30006/240.07 miOchre Mews, Raven Road, Gateshead, NE8 2FF2
£1,15007/240.07 miWorsdell Drive, Gateshead, NE82
£1,45006/240.08 miWillbrook House, Ochre Yards, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20003/240.08 miWillbrook House, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20007/240.08 miWillbrook House, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20007/240.08 miWillbrook House, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20006/240.08 miWorsdell Drive, Gateshead, Tyne And Wear, NE82
£1,10006/240.08 miMarmion Court, Worsdell Drive, Gateshead, NE82
£1,20006/240.08 miMarmion Court, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20010/240.09 mi-2
£1,15007/240.09 mi-2
£1,30006/240.1 miKenilworth House, Fletcher Road, Gateshead, Tyne And Wear, NE82
£1,45006/240.1 miKenilworth House, Ochre Yards, Gateshead Quays, NE82

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

1.87 miles away

Nearest school

0.30 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+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.

Agent Details

My Property Box, Jesmond

0191 743 9031

Next Steps?

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