2 Bed Flat, Cash/Bridging Only, Gateshead, NE8 4SA, £59,950

Brighton Road, Gateshead, Tyne and Wear, NE8 4SA - 3 views - 7 months ago

Leasehold
Cash
ROI: 8%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£50.5K - £120K
Sold Prices/m²£765/m² - £1.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£880/m²

Value Estimate

£61,749
BMV3%

 

 

End Value (After Refurb)

£78,612

Uplift in Value

+31%

Investment Opportunity











Local Sold Prices

50 sold prices from £50.5K to £120K, average is £78.5K. £765/m² to £1.8K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£106K06/230.05 mi20, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RX2
£94K05/210.05 mi77, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RT2
£79K04/210.07 mi229, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£103K10/200.07 mi291, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£62K12/200.09 mi221, Rawling Road, Gateshead, Tyne And Wear NE8 4QU2
£97K06/230.09 mi106, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NX2
£80K04/230.13 mi93, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RU2
£65K12/200.13 mi82, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NG2
£71.8K11/210.14 mi207, Whitehall Road, Gateshead, Tyne And Wear NE8 4PS2
£58.5K03/240.14 mi157, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£73K04/210.14 mi120, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£70K03/230.14 mi169, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£83.3K07/230.14 mi17, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NU2
£70K09/210.14 mi238, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£75K08/210.14 mi244, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£90K10/210.15 mi76, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£69K04/230.15 mi35, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£55K10/230.15 mi23, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£77K11/200.15 mi78, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£90K07/210.15 mi169, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NR2
£62.5K05/210.16 mi52, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£55.5K02/210.16 mi30, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£60K03/210.16 mi239, Whitehall Road, Gateshead, Tyne And Wear NE8 4PT2
£88K07/230.17 mi35, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£58.8K03/210.17 mi31, Hyde Park Street, Gateshead, Tyne And Wear NE8 4QB2
£58.8K03/210.17 mi29, Hyde Park Street, Gateshead, Tyne And Wear NE8 4QB2
£87K12/220.17 mi89, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£91.5K04/240.18 mi123, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NJ2
£74.5K04/210.18 mi275, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NS2
£114.8K08/230.18 mi28, Saltwell View, Gateshead, Tyne And Wear NE8 4NT2
£95K08/230.19 mi26, Curzon Street, Gateshead, Tyne And Wear NE8 1YD2
£96K11/210.19 mi223, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£101K09/230.19 mi183, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£85K11/210.19 mi163, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£64K01/230.2 mi15, Saltwell Street, Gateshead, Tyne And Wear NE8 4QX2
£104K01/230.2 mi231, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NN2
£62K03/240.21 mi45, Saltwell Street, Gateshead, Tyne And Wear NE8 4QX2
£71K09/230.21 mi97, Rectory Road, Gateshead, Tyne And Wear NE8 1XJ2
£120K06/230.22 mi249, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NN2
£82K07/210.23 mi25, Macadam Street, Gateshead, Tyne And Wear NE8 4TS2
£95K09/210.25 mi159, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£84K02/210.25 mi190, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£68K02/210.25 mi143, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£96K10/230.25 mi146, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£100K06/230.25 mi159, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£78K07/230.25 mi162, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£115K12/230.25 mi186, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£53K11/200.25 mi85, Rodsley Avenue, Gateshead, Tyne And Wear NE8 4LA2
£50.5K12/200.26 mi58, Rawling Road, Gateshead, Tyne And Wear NE8 4QR2
£61K10/200.27 mi83, Rodsley Avenue, Gateshead, Tyne And Wear NE8 4JY2













Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

1.11 miles away

Nearest school

0.10 miles away

Nearest train station

1.03 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £59,950

August 14, 2024

Floor Plans

Description

  • No Chain Involved +

  • Some Updating Required +

  • Private Rear Yard +

  • SOLD ASE SEEN +

  • Council Tax Band A +

  • Approx. Floor Area: 62sqM or 667sqFT +

  • EPC RATING D +

Ground floor flat with no Chain Involved and requiring some updating. Ideal for investors or First Time Buyers. SOLD AS SEEN - including contents.

Similar flats in the area let up to £750pcm depending on standard.

We understand the flat falls into Council Tax Band A and is on a Lease of 999 years from September 1989 leaving approx. 964 years remaining at the date of listing with no ground rent or service charges payable (Full details will be confirmed by solicitors)

Comprises: entrance lobby, hallway, bow windowed double bedroom to front, rear single bedroom, lounge, kitchen with door to yard and a fully tiled bathroom/WC.

Private rear yard.

Please note that any services, heating system, or appliances have not been tested and no warranty can be given or implied as to their working order.

MAKING AN OFFER:
Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QLF240302/2

Agent Details

YOUR MOVE Chris Stonock, Low Fell

0191 625 1052

Next Steps?

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