3 Bed Terraced House, Single Let, Gateshead, NE8 4NS, £160,000

Westbourne Avenue, Gateshead, Tyne and Wear, NE8 4NS - 5 months ago

Sold STC
BTL
~93 m²
+11 photos

ValuationUndervalued

Sold Prices£50K - £400.5K
Sold Prices/m²£806/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£167,662
BMV5%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£595 - £8,333

Rent Estimate

£650

Running Costs/mo

£650

Cashflow/mo

£0

Cashflow/yr

£0

Gross Yield

5%

Local Sold Prices

50 sold prices from £50K to £400.5K, average is £190K. £806/m² to £3.2K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£111.8K06/240.06 mi210, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NR3
£195K08/240.06 mi213, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NR3
£190K06/240.08 mi353, Rectory Road, Bensham, Gateshead, Tyne And Wear NE8 4SR3
£120K07/210.12 mi114, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RY3
£133K05/240.17 mi22, Edison Gardens, Gateshead, Tyne And Wear NE8 4SE3
£128K04/230.17 mi14, Edison Gardens, Gateshead, Tyne And Wear NE8 4SE3
£188.7K11/200.19 mi24, Brighton Gardens, Gateshead, Tyne And Wear NE8 4SN3
£185K02/210.19 mi4, Brighton Gardens, Gateshead, Tyne And Wear NE8 4SN3
£225.8K11/230.19 mi29, Brighton Gardens, Gateshead, Tyne And Wear NE8 4SN3
£218K12/220.2 mi6, Bartram Gardens, Gateshead, Tyne And Wear NE8 4SJ3
£140K02/210.22 mi18, Bartram Gardens, Gateshead, Tyne And Wear NE8 4SJ3
£179K08/230.22 mi20, Bartram Gardens, Gateshead, Tyne And Wear NE8 4SJ3
£235K02/230.22 mi14, Bartram Gardens, Gateshead, Tyne And Wear NE8 4SJ3
£123K11/200.23 mi248, Rawling Road, Gateshead, Tyne And Wear NE8 4UE3
£327.5K06/210.24 mi270, Durham Road, Gateshead, Tyne And Wear NE8 4JR3
£153K08/240.26 mi13, Huxley Crescent, Gateshead, Tyne And Wear NE8 4UJ3
£292.5K05/240.26 mi247, Durham Road, Gateshead, Tyne And Wear NE9 5AB3
£306.5K03/230.26 mi245, Durham Road, Gateshead, Tyne And Wear NE9 5AB3
£234K03/230.28 mi353, Rawling Road, Gateshead, Tyne And Wear NE8 4UH3
£205K11/220.29 mi345, Rawling Road, Gateshead, Tyne And Wear NE8 4UH3
£385K07/230.31 mi14, Essex Gardens, Gateshead, Tyne And Wear NE9 5BB3
£191.5K07/230.32 mi52, Curzon Street, Gateshead, Tyne And Wear NE8 1YD3
£117K10/200.32 mi52, Curzon Street, Gateshead, Tyne And Wear NE8 1YD3
£318.5K12/200.33 mi10, Ashtrees Gardens, Gateshead, Tyne And Wear NE9 5BJ3
£180K03/210.34 mi63, Grasmere Street West, Gateshead, Tyne And Wear NE8 1TS3
£174K08/220.35 mi25, Arkwright Street, Gateshead, Tyne And Wear NE8 4TY3
£371K12/220.35 mi9, Ashtrees Gardens, Gateshead, Tyne And Wear NE9 5BH3
£400.5K03/210.35 mi8, Limetrees Gardens, Gateshead, Tyne And Wear NE9 5BE3
£250K02/240.36 mi219, Dryden Road, Gateshead, Tyne And Wear NE9 5DA3
£285K01/210.36 mi203, Dryden Road, Gateshead, Tyne And Wear NE9 5DA3
£130K06/230.37 mi123a, Durham Road, Gateshead, Tyne And Wear NE8 4AQ3
£165K05/230.37 mi11, Telford Street, Gateshead, Tyne And Wear NE8 4TT3
£195K01/210.37 mi215, Prince Consort Road, Gateshead, Tyne And Wear NE8 4DT3
£160K02/210.37 mi223, Prince Consort Road, Gateshead, Tyne And Wear NE8 4DT3
£245K05/240.37 mi215, Prince Consort Road, Gateshead, Tyne And Wear NE8 4DT3
£127.5K07/210.37 mi92, Inskip Terrace, Gateshead, Tyne And Wear NE8 4AJ3
£160K08/210.37 mi70, Inskip Terrace, Gateshead, Tyne And Wear NE8 4AJ3
£165K02/210.37 mi88, Inskip Terrace, Gateshead, Tyne And Wear NE8 4AJ3
£216K11/220.38 mi27, Ellwood Gardens, Gateshead, Tyne And Wear NE9 5DU3
£173K09/210.41 mi21, Lynnholme Gardens, Gateshead, Tyne And Wear NE9 5DY3
£225K08/230.41 mi20, Lynnholme Gardens, Gateshead, Tyne And Wear NE9 5DY3
£165K05/230.41 mi13, Camborne Grove, Gateshead, Tyne And Wear NE8 4EX3
£193K02/210.42 mi8, Salkeld Gardens, Gateshead, Tyne And Wear NE9 5ED3
£375K04/220.43 mi25, Valley Drive, Low Fell, Gateshead, Tyne And Wear NE9 5DJ3
£155K11/200.43 mi76, Durham Road, Gateshead, Tyne And Wear NE8 4EL3
£50K05/240.44 mi302, Old Durham Road, Gateshead, Tyne And Wear NE8 4BQ3
£123K07/230.44 mi72, Rawling Road, Gateshead, Tyne And Wear NE8 4QR3
£330K10/230.46 mi2, Clifton Gardens, Gateshead, Tyne And Wear NE9 5DL3
£225K10/210.46 mi18, Norwood Gardens, Gateshead, Tyne And Wear NE9 5EA3
£190K03/230.46 mi8, Norwood Gardens, Gateshead, Tyne And Wear NE9 5EA3

Local Rents

50 rents from £595/mo to £8.3K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£75004/240.02 mi-3
£75006/240.09 miBrinkburn Avenue, Bensham, Gateshead, Tyne And Wear, NE83
£67506/240.1 miFern Dene Road, Bensham, Gateshead, Tyne And Wear, NE83
£79510/230.11 mi-3
£79502/250.11 mi-3
£65003/250.11 mi-3
£89506/240.12 miFerndene Road,Gateshead, Tyne And Wear3
£69506/240.13 miWestbourne Avenue, Gateshead3
£94506/240.14 miRodsley Avenue, Gateshead, Tyne And Wear, NE83
£70012/240.14 mi-3
£70006/240.14 miFern Dene Road, Gateshead3
£65006/240.14 miBrighton Road, Gateshead3
£72503/240.15 mi-3
£1,00006/240.16 miRodsley Avenue, Gateshead3
£1,40002/240.17 mi-3
£1,65001/250.17 mi-3
£1,85003/250.17 mi-3
£1,55007/240.21 miPark View Avenue, Gateshead3
£3,50003/250.24 mi-3
£92503/250.24 mi-3
£1,00006/240.26 miHuxley Crescent, Gateshead3
£3,50003/250.26 mi-3
£85006/240.26 miBrighton Road, Gateshead, NE83
£85007/240.26 mi-3
£67507/240.32 mi-3
£3,50003/250.35 mi-3
£1,00006/240.35 miArmstrong Street, Gateshead, Tyne and Wear, NE83
£3,50003/250.35 mi-3
£95006/240.37 miLiddell Terrace, Gateshead, NE83
£95006/240.37 miWhitehall Road, Gateshead3
£59506/240.37 miNorthbourne Street, Gateshead, Tyne And Wear, NE83
£3,50002/240.38 mi-3
£3,50003/250.38 mi-3
£95006/240.38 miPrince Consort Road, Gateshead3
£60001/240.38 mi-3
£65001/250.38 mi-3
£99512/230.38 mi-3
£8,33303/250.39 mi-3
£3,50003/250.39 mi-3
£69504/240.39 mi-3
£75007/240.39 mi-3
£69512/240.39 mi-3
£69512/240.39 mi-3
£72507/240.41 miShipcote Terrace, Gateshead, Tyne And Wear, NE83
£65003/250.42 mi-3
£95009/240.42 mi-3
£89506/240.44 miInskip Terrace, Gateshead3
£69507/240.45 miBrighton Road, Gateshead3
£70006/240.46 mi-3
£75007/240.46 mi-3

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

0.93 miles away

Nearest school

0.20 miles away

Nearest train station

0.95 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £160,000

October 21, 2024

Description

  • Three Bedrooms +

  • Two Reception Rooms +

  • Mid Terraced House +

  • Rear Yard / Off Street Parking +

  • Council Tax Band B +

  • EPC Rating D +

A larger style mid terraced, period home boastingTWO RECEPTION ROOMS, together with a MODERN FITTED KITCHEN, three bedrooms, dressing room and SPACIOUS BATHROOM. The generous enclosed yard to the rear provides for OFF STREET PARKING if required. Ideally situated for access to the Award Winning Saltwell Park, as well as for access to local shopping facilities and amenities, transport routes and services. This property will appeal to investors and families alike and although requires some refurbishment, this presents the perfect chance to place your own style upon the property and tailor it to your requirements.

Agent Details

Sarah Mains Residential Sales and Lettings, Low Fell

0191 625 0805

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪