2 Bed Flat, Potential PLO/LOA, Gateshead, NE8 4QR, £65,000

Rawling Road, Gateshead , Gateshead, Tyne and Wear , NE8 4QR - 69 views - a year ago

Leasehold
Negative Equity
ROI: 15%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£40K - £106K
Sold Prices/m²£635/m² - £1.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£954/m²

Value Estimate

£74,554
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£3,150

Total Cash In

£19,400

 

 

Cash Out

 

Rent Range

£520 - £3,500

Rent Estimate

£585

Running Costs/mo

£340

Cashflow/mo

£245

Cashflow/yr

£2,939

ROI

15%

Gross Yield

11%

Local Sold Prices

50 sold prices from £40K to £106K, average is £73K. £635/m² to £1.8K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£50.5K12/200.03 mi58, Rawling Road, Gateshead, Tyne And Wear NE8 4QR2
£83K04/240.03 mi10, Saltwell Place, Gateshead, Tyne And Wear NE8 4QY2
£87K11/230.03 mi72, Saltwell Place, Gateshead, Tyne And Wear NE8 4QY2
£62K03/240.08 mi45, Saltwell Street, Gateshead, Tyne And Wear NE8 4QX2
£64K01/230.08 mi15, Saltwell Street, Gateshead, Tyne And Wear NE8 4QX2
£86K05/230.13 mi26, Hedley Street, Gateshead, Tyne And Wear NE8 4XN2
£60K03/210.13 mi239, Whitehall Road, Gateshead, Tyne And Wear NE8 4PT2
£58.8K03/210.14 mi31, Hyde Park Street, Gateshead, Tyne And Wear NE8 4QB2
£58.8K03/210.14 mi29, Hyde Park Street, Gateshead, Tyne And Wear NE8 4QB2
£73K10/210.14 mi24, Bensham Avenue, Gateshead, Tyne And Wear NE8 1XT2
£42.6K03/210.14 mi36, Bensham Avenue, Gateshead, Tyne And Wear NE8 1XT2
£58.5K03/240.15 mi157, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£73K04/210.15 mi120, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£70K03/230.15 mi169, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£80.5K09/230.17 mi34, St Aidans Street, Gateshead, Tyne And Wear NE8 1YA2
£70K09/210.21 mi238, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£75K08/210.21 mi244, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£95K08/230.21 mi26, Curzon Street, Gateshead, Tyne And Wear NE8 1YD2
£71K09/230.25 mi97, Rectory Road, Gateshead, Tyne And Wear NE8 1XJ2
£71.8K11/210.25 mi207, Whitehall Road, Gateshead, Tyne And Wear NE8 4PS2
£82K07/210.27 mi25, Macadam Street, Gateshead, Tyne And Wear NE8 4TS2
£62K12/200.28 mi221, Rawling Road, Gateshead, Tyne And Wear NE8 4QU2
£54K12/220.29 mi69, Lobley Hill Road, Gateshead, Tyne And Wear NE8 4XB2
£55.3K10/230.3 mi113, Lobley Hill Road, Gateshead, Tyne And Wear NE8 4XB2
£55.3K10/230.3 mi115, Lobley Hill Road, Gateshead, Tyne And Wear NE8 4XB2
£65K12/200.31 mi82, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NG2
£83.3K07/230.32 mi17, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NU2
£90K10/210.33 mi76, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£69K04/230.33 mi35, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£55K10/230.33 mi23, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£77K11/200.33 mi78, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£106K06/230.33 mi20, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RX2
£62.5K05/210.34 mi52, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£55.5K02/210.34 mi30, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£94K05/210.34 mi77, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RT2
£97K06/230.35 mi106, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NX2
£63K12/200.35 mi62, Woodbine Street, Gateshead, Tyne And Wear NE8 1SS2
£88K07/230.35 mi35, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£79K04/210.35 mi229, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£103K10/200.35 mi291, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£87K12/220.36 mi89, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£79K08/210.38 mi38, Maxwell Street, Gateshead, Tyne And Wear NE8 4TX2
£60K03/210.38 mi14, Maxwell Street, Gateshead, Tyne And Wear NE8 4TX2
£98K03/230.4 mi70, Windmill Way, Gateshead, Tyne And Wear NE8 1NU2
£80K04/230.41 mi93, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RU2
£81K06/210.41 mi20, Arkwright Street, Gateshead, Tyne And Wear NE8 4TY2
£40K10/230.42 mi59, Wooler Crescent, Gateshead, Tyne And Wear NE8 2TP2
£91.5K04/240.42 mi123, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NJ2
£90K07/210.43 mi169, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NR2
£85K11/210.46 mi163, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2

Local Rents

50 rents from £520/mo to £3.5K/mo, average is £688/mo.

RentDateDistanceAddressBeds 
£62502/250.02 mi-2
£59507/240.03 mi-2
£59503/250.03 mi-2
£65006/240.03 mi-2
£59503/250.03 mi-2
£52009/230.04 mi-2
£3,50004/250.04 mi-2
£70006/230.06 mi-2
£63011/230.07 mi-2
£55001/240.1 mi-2
£59003/250.1 mi-2
£59003/250.1 mi-2
£79506/240.11 miWhitehall Road, Gateshead, NE82
£67503/250.12 mi-2
£75003/250.12 mi-2
£62504/250.13 mi-2
£62504/250.13 mi-2
£85005/230.13 mi-2
£72507/240.13 miWhitehall Road, Bensham, Gateshead, Tyne And Wear, NE82
£60008/240.15 mi-2
£89509/240.15 mi-2
£67506/240.16 miNewbury Avenue, Gateshead, Tyne and Wear, NE82
£65006/240.16 miBalfour Street, Gateshead, NE82
£3,50004/250.18 mi-2
£75007/240.18 miWestminster Street, Gateshead2
£60011/240.18 mi-2
£70001/250.18 mi-2
£1,95006/240.19 mi-2
£1,95007/240.19 mi-2
£1,95001/250.19 mi-2
£1,85002/250.19 mi-2
£1,75004/250.19 mi-2
£59507/230.2 mi-2
£67502/250.2 mi-2
£1,85006/240.2 mi-2
£1,85012/240.2 mi-2
£1,75004/250.2 mi-2
£75009/230.21 mi-2
£70002/240.21 mi-2
£3,50004/250.24 mi-2
£70002/250.26 mi-2
£59511/230.26 mi-2
£65006/240.26 miRectory Road, Bensham, Gateshead, Tyne and Wear, NE8 4RQ2
£70006/240.26 mi-2
£59506/240.28 miRayleigh Grove, Gateshead, NE82
£52011/230.28 mi-2
£85007/240.29 mi183 Rectory Road, Gateshead, Tyne And Wear, NE82
£72502/250.3 mi-2
£65007/240.3 mi-2
£65007/240.3 miWoodbine Street, Gateshead, NE82

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

1.39 miles away

Nearest school

0.10 miles away

Nearest train station

1.02 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £65,000

-75%

March 13, 2024

Sold for £195,000

2007

Sold for £25,000

2003

Sold for £12,000

1996

Floor Plans

Description

  • TENANTED INVESTMENT +
  • TWO BEDROOM BASEMENT FLAT +
  • CLOSE TO AMENITIES +

TENANTED INVESTMENT | BASEMENT FLAT | TWO BEDROOMS | CLOSE TO AMENITIES & PUBLIC TRANSPORT |

Pattinson Estate Agents welcome to the market this Two Bedroom Basement Flat located on Rawling Road, Bensham, Gateshead.

Ideally located for local amenities, the location also benefits from excellent transport links for easy access to Gateshead Centre, Team Valley and Newcastle City Centre.

Briefly comprising of; Entrance, Hallway, Bedroom One, Bedroom Two, Lounge, Kitchen and Family Bathroom. Externally to the front is a private enclosed garden with steps to street level, and to the rear a private walled courtyard with access to the rear lane.

Call Pattinson Jarrow on or email

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 70

Agent Details

Pattinson Estate Agents, Low Fell

0191 625 0999

Next Steps?

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