2 Bed Terraced House, Planning Permission, Gateshead, NE9 7XE, £150,000





ValuationOvervalued
Sold Prices | £65K - £211K |
Sold Prices/m² | £997/m² - £3.1K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £2.2K/m² |
Value Estimate | £127,557£127,557 |
Investment Opportunity
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £37,500£37,500 |
Stamp Duty & Legal Fees | £8,700£8,700 |
Total Cash In | £46,200£46,200 |
| |
Cash Out | |
Rent Range | £575 - £900£575 - £900 |
Rent Estimate | £575 |
Running Costs/mo | £604£604 |
Cashflow/mo | £-29£-29 |
Cashflow/yr | £-345£-345 |
Gross Yield | 5%5% |
Local Sold Prices
50 sold prices from £65K to £211K, average is £136.9K. £997/m² to £3.1K/m², average is £1.9K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£125K | 04/23 | 0.03 mi | 8, Cypress Road, Gateshead, Tyne And Wear NE9 7XE | £2,083 | 60 | 2 | Terraced House | |
£120K | 11/20 | 0.03 mi | 11, Cypress Road, Gateshead, Tyne And Wear NE9 7XE | £1,791 | 67 | 2 | Terraced House | |
£162.6K | 03/23 | 0.19 mi | The Garrett, Rockcliffe Way, Eighton Banks, Gateshead, Tyne And Wear NE9 7XT | - | - | 2 | Detached House | |
£149.9K | 02/21 | 0.25 mi | 12, Walmer Terrace, Gateshead, Tyne And Wear NE9 7XU | £2,054 | 73 | 2 | Terraced House | |
£205.8K | 08/24 | 0.25 mi | 10, Walmer Terrace, Gateshead, Tyne And Wear NE9 7XU | - | - | 2 | Terraced House | |
£107.5K | 09/21 | 0.26 mi | Ashleigh, Wrekenton Row, Gateshead, Tyne And Wear NE9 7JE | - | - | 2 | Semi-Detached House | |
£190K | 10/23 | 0.26 mi | 15, Hilldyke, Gateshead, Tyne And Wear NE9 7HQ | £3,130 | 61 | 2 | Semi-Detached House | |
£162K | 08/21 | 0.27 mi | 55, Sandy Lane, Gateshead, Tyne And Wear NE9 7YB | - | - | 2 | Terraced House | |
£180K | 12/22 | 0.27 mi | 12, Sandy Lane, Gateshead, Tyne And Wear NE9 7YB | £2,704 | 67 | 2 | Terraced House | |
£190K | 08/24 | 0.27 mi | 18, Sandy Lane, Gateshead, Tyne And Wear NE9 7YB | - | - | 2 | Terraced House | |
£154.1K | 12/20 | 0.27 mi | 10, Sandy Lane, Gateshead, Tyne And Wear NE9 7YB | £2,001 | 77 | 2 | Terraced House | |
£160K | 05/23 | 0.27 mi | 58, Sandy Lane, Gateshead, Tyne And Wear NE9 7YB | £2,105 | 76 | 2 | Terraced House | |
£149.9K | 03/24 | 0.27 mi | 44, Sandy Lane, Gateshead, Tyne And Wear NE9 7YB | - | - | 2 | Terraced House | |
£167.8K | 01/23 | 0.27 mi | 11, Hilldyke, Gateshead, Tyne And Wear NE9 7HQ | - | - | 2 | Semi-Detached House | |
£145K | 10/23 | 0.27 mi | 34, Wrekenton Row, Gateshead, Tyne And Wear NE9 7JD | £1,959 | 74 | 2 | Terraced House | |
£147.9K | 03/21 | 0.3 mi | 11, Hawthorn Terrace, Eighton Banks, Gateshead, Tyne And Wear NE9 7XY | £1,873 | 79 | 2 | Terraced House | |
£120.5K | 06/21 | 0.32 mi | 12, Stainton Gardens, Gateshead, Tyne And Wear NE9 7EH | £1,799 | 67 | 2 | Semi-Detached House | |
£141.5K | 04/24 | 0.33 mi | 2, Stanley Gardens, Gateshead, Tyne And Wear NE9 7EN | - | - | 2 | Terraced House | |
£117.5K | 12/20 | 0.33 mi | 23, Stanley Gardens, Gateshead, Tyne And Wear NE9 7EN | £1,679 | 70 | 2 | Semi-Detached House | |
£148K | 12/22 | 0.33 mi | 23, Stanley Gardens, Gateshead, Tyne And Wear NE9 7EN | £2,114 | 70 | 2 | Semi-Detached House | |
£123.5K | 11/23 | 0.35 mi | 11, Prospect Terrace, Eighton Banks, Gateshead, Tyne And Wear NE9 7YE | £1,488 | 83 | 2 | Terraced House | |
£145.5K | 10/21 | 0.35 mi | 4, Prospect Terrace, Eighton Banks, Gateshead, Tyne And Wear NE9 7YE | £2,049 | 71 | 2 | Terraced House | |
£211K | 02/24 | 0.35 mi | 14, Prospect Terrace, Eighton Banks, Gateshead, Tyne And Wear NE9 7YE | £3,014 | 70 | 2 | Terraced House | |
£155K | 01/23 | 0.36 mi | 4, Brown Crescent, Gateshead, Tyne And Wear NE9 7EX | - | - | 2 | Terraced House | |
£115K | 02/24 | 0.43 mi | 12, Easington Avenue, Gateshead, Tyne And Wear NE9 7LH | - | - | 2 | Semi-Detached House | |
£75K | 12/20 | 0.49 mi | 3, Cleadon Gardens, Gateshead, Tyne And Wear NE9 7BA | £997 | 75 | 2 | Semi-Detached House | |
£137K | 10/23 | 0.49 mi | 1, West View, Springwell, Gateshead, Tyne And Wear NE9 7QQ | - | - | 2 | Terraced House | |
£132.5K | 04/21 | 0.51 mi | 4, Belmont Terrace, Gateshead, Tyne And Wear NE9 7QU | £1,840 | 72 | 2 | Terraced House | |
£132K | 12/20 | 0.51 mi | 2, Belmont Terrace, Gateshead, Tyne And Wear NE9 7QU | £1,692 | 78 | 2 | Terraced House | |
£116K | 05/23 | 0.51 mi | 17, Brandon Gardens, Gateshead, Tyne And Wear NE9 7BD | £1,587 | 73 | 2 | Terraced House | |
£100K | 11/22 | 0.51 mi | 13, Marlborough Crescent, Gateshead, Tyne And Wear NE9 7JY | £2,174 | 46 | 2 | Terraced House | |
£150K | 01/23 | 0.51 mi | 7, Bowes Gardens, Springwell, Gateshead, Tyne And Wear NE9 7NZ | £2,632 | 57 | 2 | Semi-Detached House | |
£65K | 01/24 | 0.53 mi | 5, Rugby Gardens, Gateshead, Tyne And Wear NE9 7JU | - | - | 2 | Semi-Detached House | |
£85K | 11/22 | 0.54 mi | 1, Victoria Terrace, Wrekenton, Gateshead, Tyne And Wear NE9 7JT | - | - | 2 | Terraced House | |
£120K | 07/23 | 0.54 mi | 9, Shelley Avenue, Gateshead, Tyne And Wear NE9 7QY | £1,519 | 79 | 2 | Terraced House | |
£167.5K | 11/20 | 0.54 mi | 5, Heather Hill, Gateshead, Tyne And Wear NE9 7QX | £2,043 | 82 | 2 | Semi-Detached House | |
£120K | 04/23 | 0.55 mi | 76, Rugby Gardens, Gateshead, Tyne And Wear NE9 7JX | £1,644 | 73 | 2 | Semi-Detached House | |
£113.3K | 07/23 | 0.55 mi | 14, Somerford, Springwell, Gateshead, Tyne And Wear NE9 7QW | - | - | 2 | Terraced House | |
£145K | 04/23 | 0.57 mi | 4, Ferndale Terrace, Gateshead, Tyne And Wear NE9 7RH | £2,071 | 70 | 2 | Terraced House | |
£108K | 03/21 | 0.62 mi | 2, Fell Place, Gateshead, Tyne And Wear NE9 7RL | £1,588 | 68 | 2 | Terraced House | |
£95K | 05/21 | 0.64 mi | 56, Binsby Gardens, Gateshead, Tyne And Wear NE9 7HR | £1,250 | 76 | 2 | Terraced House | |
£112K | 10/23 | 0.65 mi | 116, Lanchester Avenue, Gateshead, Tyne And Wear NE9 7AN | £1,534 | 73 | 2 | Terraced House | |
£149.5K | 06/21 | 0.65 mi | 31, Beech Grove, Gateshead, Tyne And Wear NE9 7RD | - | - | 2 | Semi-Detached House | |
£120K | 03/23 | 0.65 mi | 15, Harewood Green, Gateshead, Tyne And Wear NE9 7BZ | £1,445 | 83 | 2 | Terraced House | |
£123K | 08/23 | 0.66 mi | 8, Heatherdale Terrace, Gateshead, Tyne And Wear NE9 7US | - | - | 2 | Terraced House | |
£95K | 06/21 | 0.66 mi | 16, Heatherdale Terrace, Gateshead, Tyne And Wear NE9 7US | £1,301 | 73 | 2 | Terraced House | |
£88K | 08/21 | 0.67 mi | 14, Topcliffe Green, Gateshead, Tyne And Wear NE9 7HU | £1,023 | 86 | 2 | Terraced House | |
£149.9K | 11/23 | 0.68 mi | 5, Lismore Terrace, Gateshead, Tyne And Wear NE9 7PS | - | - | 2 | Terraced House | |
£136.8K | 07/24 | 0.68 mi | 12, Wingrove Terrace, Springwell, Gateshead, Tyne And Wear NE9 7RS | £2,280 | 60 | 2 | Terraced House | |
£150K | 12/20 | 0.71 mi | 3, Highworth Drive, Gateshead, Tyne And Wear NE9 7NN | £2,143 | 70 | 2 | Semi-Detached House |
Local Rents
40 rents from £575/mo to £900/mo, average is £748/mo.
Rent | Date | Distance | Address | Beds | Type | |
£795 | 06/24 | 0.01 mi | Cypress Road, Eighton Banks, NE9 | 2 | Flat | |
£800 | 07/24 | 0.12 mi | Galloping Green Road, Gateshead | 2 | Terraced House | |
£900 | 06/24 | 0.27 mi | Hilldyke, Eighton Banks, Gateshead, NE9 | 2 | Flat | |
£650 | 06/24 | 0.33 mi | Chopwell Gardens, Wrekenton, Gateshead, NE9 | 2 | Flat | |
£795 | 01/24 | 0.48 mi | - | 2 | Terraced House | |
£695 | 02/24 | 0.52 mi | - | 2 | Flat | |
£625 | 12/23 | 0.52 mi | - | 2 | Flat | |
£685 | 08/23 | 0.58 mi | - | 2 | Semi-Detached House | |
£775 | 06/24 | 0.63 mi | Albion Terrace, Gateshead | 2 | Terraced House | |
£650 | 12/24 | 0.7 mi | - | 2 | Flat | |
£675 | 06/24 | 0.74 mi | Kings Terrace, Springwell Village | 2 | Terraced House | |
£575 | 03/25 | 0.76 mi | - | 2 | Flat | |
£850 | 07/24 | 0.77 mi | Wingrove Terrace, Springwell, Gateshead | 2 | Terraced House | |
£575 | 03/25 | 0.78 mi | - | 2 | Flat | |
£775 | 02/24 | 0.83 mi | - | 2 | Terraced House | |
£750 | 06/24 | 0.84 mi | Crosby Gardens, Lyndhurst, Gateshead, NE9 | 2 | Semi-Detached House | |
£750 | 06/24 | 0.84 mi | Crosby Gardens, Lyndhurst, Gateshead, NE9 | 2 | Semi-Detached House | |
£900 | 06/24 | 0.89 mi | Beechwood Avenue, Low Fell | 2 | Detached House | |
£600 | 06/24 | 0.9 mi | Grisedale Gardens, Low Fell, Gateshead, NE9 | 2 | Flat | |
£650 | 07/24 | 0.94 mi | - | 2 | Flat | |
£775 | 06/24 | 0.95 mi | Penrith Gardens, Low Fell | 2 | Semi-Detached House | |
£650 | 03/24 | 0.96 mi | Staneway, Leam Lane | 2 | Semi-Detached House | |
£745 | 03/25 | 1.03 mi | - | 2 | Semi-Detached House | |
£650 | 05/24 | 1.03 mi | Staneway, Gateshead | 2 | Detached House | |
£595 | 07/24 | 1.05 mi | Bodmin Court, Gateshead, Tyne and Wear, NE9 | 2 | Flat | |
£695 | 04/24 | 1.09 mi | - | 2 | Flat | |
£700 | 10/23 | 1.09 mi | - | 2 | Terraced House | |
£720 | 09/24 | 1.09 mi | - | 2 | Terraced House | |
£600 | 05/24 | 1.1 mi | Coltsfoot Gardens, Windy Nook, Gateshead, Tyne And Wear, NE10 | 2 | Flat | |
£750 | 06/24 | 1.1 mi | Hertford, Low Fell | 2 | Flat | |
£750 | 06/24 | 1.11 mi | Dovedale Gardens, Gateshead, NE9 6NT | 2 | Terraced House | |
£750 | 06/24 | 1.11 mi | Dovedale Gardens, Gateshead, NE9 6NT | 2 | Terraced House | |
£850 | 06/24 | 1.16 mi | Loweswater Road, Low Fell, Gateshead | 2 | Detached House | |
£650 | 08/24 | 1.16 mi | - | 2 | Flat | |
£800 | 05/24 | 1.18 mi | Donridge, Washington, Tyne and Wear, NE37 1EW | 2 | Flat | |
£750 | 06/24 | 1.19 mi | Southend Road, Sheriff Hill, Gateshead, NE9 | 2 | Flat | |
£850 | 06/24 | 1.19 mi | Lanthwaite Road, Gateshead | 2 | Detached House | |
£675 | 06/24 | 1.2 mi | Southend Road, Gateshead | 2 | Flat | |
£795 | 07/24 | 1.2 mi | Popplewell Gardens, Low Fell | 2 | Semi-Detached House | |
£750 | 06/24 | 1.2 mi | Southend Road, Low Fell, Gateshead, Tyne And Wear, NE9 | 2 | Flat |
Local Area Statistics
Population in NE9 | 37,59037,590 |
Population in Gateshead | 122,353122,353 |
Town centre distance | 1.50 miles away1.50 miles away |
Nearest school | 0.40 miles away0.40 miles away |
Nearest train station | 2.18 miles away2.18 miles away |
| |
Rental demand | Balanced marketBalanced market |
Rental growth (12m) | -41%-41% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | +7%+7% |
Property History
Price changed to £150,000
February 20, 2025
Listed for £165,000
October 18, 2024
Description
*TWO BEDROOM END TERRACED HOUSE WITH LARGE GARDEN / BUILDING PLOT WITH PLANNING *
Welcome to this charming two bedroom end terraced home, perfectly positioned on a generous plot with a large garden, offering a unique opportunity for both comfortable living and future development. This property comes with planning permission for a detached dwelling, making it an ideal choice for those seeking to expand their investment portfolio or create their dream home in a desirable location.
With planning permission already in place for a detached dwelling, you have the flexibility to build a new home while retaining the semi for rental income, or sell the current property to fund your new project. This property is not just a home; it’s a chance to invest in your future. Whether you're a first-time buyer, a growing family, or an investor, the options here are truly limitless. Situated in a desirable neighborhood, this property offers easy access to local amenities, schools, parks, and transport links, making it perfect for families and professionals alike.
This Two bedroom end terraced home with a large garden and planning permission for a new build is a rare find. It’s perfect for those needing extra outdoor space or looking to capitalize on future development potential. Don’t miss out on this fantastic opportunity to create your ideal living space or investment venture!
Entrance Lobby -
Lounge - 4.11 x 3.39 (13'5" x 11'1") -
Kitchen / Breakfasting Room - 4.42 x 2.40 (14'6" x 7'10") -
First Floor Landing -
Bedroom One - 4.49 x 3.76 (14'8" x 12'4") -
View Fromt Master Bedroom One -
Bedroom Two - 2.84 x 2.54 (9'3" x 8'3") -
Bathroom/Wc - 1.91 x 1.81 (6'3" x 5'11") -
External -
Side Garden / Land - PLANNING PERMISSION HAS BEEN GRANTED FOR A DETACHED RESIDENCE WITHIN THE SIDE GARDEN.....
Property Disclaimer - IMPORTANT NOTE TO PURCHASERS: We endeavour to make our sales 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 measurements have been taken as a guide to prospective buyers 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 travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller. We cannot also confirm at this stage of marketing the tenure of this house.