2 Bed Flat, Single Let, Gateshead, NE10 0RA, £75,000

27 Gosforth Terrace, Gateshead, Tyne And Wear, NE10 0RA - 4 views - a year ago

Leasehold

BTL

ROI: 12%

~68 m²

+9 photos

ValuationUndervalued

Sold Prices	£36K - £126.5K
Sold Prices/m²	£679/m² - £1.7K/m²

Square Metres	~68.11 m²
Price/m²	£1.1K/m²
Value Estimate	£81,626£81,626
BMV	9%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£18,750£18,750
Stamp Duty & Legal Fees	£3,450£3,450
Total Cash In	£22,200£22,200

Cash Out
Rent Range	£475 - £950£475 - £950
Rent Estimate	£596
Running Costs/mo	£374£374
Cashflow/mo	£222£222
Cashflow/yr	£2,669£2,669
ROI	12%12%
Gross Yield	10%10%

Local Sold Prices

38 sold prices from £36K to £126.5K, average is £80K. £679/m² to £1.7K/m², average is £1.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£80K	03/21	0.01 mi	21, Gosforth Terrace, Gateshead, Tyne And Wear NE10 0RA	-	-	2	Flat
£53K	07/23	0.01 mi	8, Gosforth Terrace, Gateshead, Tyne And Wear NE10 0RA	-	-	2	Flat
£65K	11/20	0.14 mi	37, Gosforth Terrace, Gateshead, Tyne And Wear NE10 0YL	£802	81	2	Flat
£86K	06/22	0.15 mi	36, York Street, Pelaw, Gateshead, Tyne And Wear NE10 0QL	£1,319	65	2	Flat
£77.5K	12/20	0.16 mi	34, York Street, Pelaw, Gateshead, Tyne And Wear NE10 0QL	£1,281	61	2	Flat
£74K	06/22	0.17 mi	18, York Street, Pelaw, Gateshead, Tyne And Wear NE10 0QL	£1,014	73	2	Flat
£76K	10/22	0.18 mi	30, Princess Street, Pelaw, Gateshead, Tyne And Wear NE10 0QT	£1,194	64	2	Flat
£94K	06/21	0.18 mi	12, Princess Street, Pelaw, Gateshead, Tyne And Wear NE10 0QT	£1,343	70	2	Flat
£90K	08/23	0.2 mi	18, Portland Street, Gateshead, Tyne And Wear NE10 0XX	£1,424	63	2	Flat
£68K	02/21	0.2 mi	11, Portland Street, Gateshead, Tyne And Wear NE10 0XX	£1,079	63	2	Flat
£91.5K	02/23	0.22 mi	8, George Street, Gateshead, Tyne And Wear NE10 0XT	£1,398	65	2	Flat
£80K	02/21	0.25 mi	22, Cartmel Park, Pelaw, Gateshead, Tyne And Wear NE10 0UZ	-	-	2	Flat
£95K	08/23	0.25 mi	28, Cartmel Park, Pelaw, Gateshead, Tyne And Wear NE10 0UZ	-	-	2	Flat
£70.5K	10/20	0.27 mi	1, Greenfield Terrace, Gateshead, Tyne And Wear NE10 0YH	£1,007	70	2	Flat
£72.5K	06/23	0.28 mi	11, Greenfield Terrace, Gateshead, Tyne And Wear NE10 0YH	£1,126	64	2	Flat
£70.5K	10/20	0.28 mi	1, Greenfield Terrace, Gateshead, Tyne And Wear NE10 0YH	£1,007	70	2	Flat
£81K	02/23	0.28 mi	18, George Street, Gateshead, Tyne And Wear NE10 0XT	-	-	2	Flat
£126.5K	07/22	0.28 mi	24, Galloway Road, Gateshead, Tyne And Wear NE10 0BF	-	-	2	Flat
£87K	03/23	0.29 mi	37, Croxdale Terrace, Gateshead, Tyne And Wear NE10 0RR	£1,200	73	2	Flat
£76K	03/21	0.3 mi	12, Hainingwood Terrace, Gateshead, Tyne And Wear NE10 0UE	£1,041	73	2	Flat
£91.8K	09/22	0.31 mi	17, Wood Terrace, Gateshead, Tyne And Wear NE10 0UD	£1,241	74	2	Flat
£85K	06/21	0.31 mi	15, Wood Terrace, Gateshead, Tyne And Wear NE10 0UD	£1,197	71	2	Flat
£92.5K	03/23	0.31 mi	64, Galloway Road, Gateshead, Tyne And Wear NE10 0BF	£1,661	56	2	Flat
£110K	08/22	0.33 mi	40, Lauder Way, Pelaw, Gateshead, Tyne And Wear NE10 0BG	-	-	2	Flat
£84K	10/21	0.33 mi	54, Lauder Way, Pelaw, Gateshead, Tyne And Wear NE10 0BG	£1,438	58	2	Flat
£99.5K	08/22	0.33 mi	50, Lauder Way, Pelaw, Gateshead, Tyne And Wear NE10 0BG	£1,716	58	2	Flat
£74K	08/21	0.34 mi	17, Station Road, Bill Quay, Gateshead, Tyne And Wear NE10 0UH	£1,298	57	2	Flat
£70K	10/22	0.34 mi	9, Station Road, Bill Quay, Gateshead, Tyne And Wear NE10 0UH	£1,111	63	2	Flat
£85K	12/20	0.4 mi	35, Brack Terrace, Gateshead, Tyne And Wear NE10 0TT	£1,269	67	2	Flat
£110K	11/22	0.52 mi	24, Woodgate Lane, Gateshead, Tyne And Wear NE10 0TD	£1,746	63	2	Flat
£85K	12/20	0.58 mi	2, Stowell Terrace, Gateshead, Tyne And Wear NE10 0NX	£1,250	68	2	Flat
£96.5K	06/23	0.58 mi	4, Stowell Terrace, Gateshead, Tyne And Wear NE10 0NX	£1,462	66	2	Flat
£53K	05/21	0.91 mi	11, Kingsmere Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 3NP	£1,325	40	2	Flat
£36K	12/20	0.91 mi	51, Kingsmere Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 3NP	£679	53	2	Flat
£53K	05/21	0.91 mi	30, Kingsmere Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 3NP	£974	54	2	Flat
£77K	02/21	0.93 mi	14, The Oval, Walker, Newcastle Upon Tyne, Tyne And Wear NE6 3LH	£1,283	60	2	Flat
£66K	01/23	0.95 mi	48, The Avenue, Felling, Gateshead, Tyne And Wear NE10 0JA	£1,138	58	2	Flat
£55K	10/21	0.97 mi	6, Stainton Drive, Gateshead, Tyne And Wear NE10 9QT	£917	60	2	Flat

Local Rents

16 rents from £475/mo to £950/mo, average is £663/mo.

Rent	Date	Distance	Address	Beds	Type
£650	02/25	0.06 mi	-	2	Flat
£725	11/23	0.11 mi	-	2	Flat
£650	07/24	0.11 mi	Duke Street, Pelawm Gateshead	2	Flat
£650	06/24	0.14 mi	Queen Victoria Street, Gateshead, Tyne and Wear	2	Flat
£475	05/24	0.15 mi	Queen Victoria Street, Gateshead	2	Flat
£675	07/24	0.15 mi	Fisherwell Road, Pelaw	2	House
£775	05/24	0.18 mi	Wynn Gardens, Pelaw, Gateshead, Tyne and Wear, NE10 0YN	2	Detached House
£650	06/24	0.19 mi	York Street, Pelaw, Gateshead, Tyne and Wear , NE10 0QL	2	Flat
£590	10/23	0.19 mi	-	2	House
£650	06/24	0.22 mi	Portland Street, Pelaw, Gateshead	2	Flat
£600	06/24	0.38 mi	South Parade, Gateshead, NE10	2	Flat
£695	07/24	0.38 mi	Brack Terrace, Bill Quay, Gateshead	2	Flat
£775	05/24	0.45 mi	Rydal, Gateshead	2	Terraced House
£750	05/24	0.57 mi	St. Marys Terrace, Heworth, Gateshead, Tyne and Wear, NE10 0NY	2	Terraced House
£950	01/25	0.58 mi	-	2	Semi-Detached House
£795	05/24	0.6 mi	Richmond Avenue, Gateshead	2	Flat

Local Area Statistics

Population in NE10	35,99135,991
Population in Gateshead	122,353122,353
Town centre distance	1.89 miles away1.89 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.43 miles away0.43 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+32%+32%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+26%+26%

Property History

Listed for £75,000

March 19, 2024

Sold for £52,000

2004

Sold for £15,000

1999

Floor Plans

Description

TWO BEDROOM +
LOWER FLAT +
TENANTED INVESTMENT +
CLOSE TO AMENITIES & PUBLIC TRANSPORT +

Pattinson Estate Agents welcome to the market this two bedroom lower flat located on the popular Gosforth Terrace, Pelaw.

Ideally located for local schools, the property is also close to local amenities including Supermarkets & convenience stores as well as excellent local transport links including Pelaw Metro for direct travel to Newcastle City Centre, Sunderland City Centre, South Shields and the coast. Road links are also nearby for travel via the A1, A19 and Tyne Tunnel for much more of the North East.

Briefly comprising of; Entrance/Hall, Bedroom One, Bedroom Two, Lounge, Kitchen & Family Bathroom. Externally to the rear is a private courtyard with gated access to the rear lane.

Call Pattinson Jarrow on or email

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 975

Agent Details

Pattinson Estate Agents, Jarrow

0191 625 0173

Next Steps?

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