2 Bed Flat, Single Let, Gateshead, NE8 3PJ, £80,000

21 Cobden Street, Gateshead, Tyne And Wear, NE8 3PJ - 5 months ago

Sold STC
Leasehold
BTL
ROI: 9%
~68 m²
+16 photos

ValuationUndervalued

Sold Prices£40.5K - £105K
Sold Prices/m²£643/m² - £2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£96,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£23,600

 

 

Cash Out

 

Rent Range

£525 - £1,800

Rent Estimate

£569

Running Costs/mo

£384

Cashflow/mo

£185

Cashflow/yr

£2,222

ROI

9%

Gross Yield

9%

Local Sold Prices

50 sold prices from £40.5K to £105K, average is £88.3K. £643/m² to £2K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£52.5K02/210.04 mi22, Bayfield Gardens, Gateshead, Tyne And Wear NE8 3PT2
£62K01/230.04 mi24, King Edward Street, Gateshead, Tyne And Wear NE8 3PR2
£64K08/210.04 mi50, King Edward Street, Gateshead, Tyne And Wear NE8 3PR2
£40.5K04/210.06 mi45, Howe Street, Gateshead, Tyne And Wear NE8 3PQ2
£66K03/230.07 mi108, Howe Street, Gateshead, Tyne And Wear NE8 3PP2
£66.5K03/240.07 mi48, Howe Street, Gateshead, Tyne And Wear NE8 3PP2
£62.5K02/230.12 mi3, Moore Street, Gateshead, Tyne And Wear NE8 3PN2
£101K06/230.27 mi50, Sanderson Villas, Gateshead, Tyne And Wear NE8 3DD2
£103K04/240.27 mi24, Sanderson Villas, Gateshead, Tyne And Wear NE8 3DD2
£88.5K03/210.29 mi109, Sanderson Villas, Gateshead, Tyne And Wear NE8 3BU2
£65K03/230.31 mi66, Fife Street, Gateshead, Tyne And Wear NE8 3RR2
£78K07/210.34 mi16, Radcliffe Close, Gateshead, Tyne And Wear NE8 3JZ2
£95K02/210.35 mi203, Sanderson Villas, Gateshead, Tyne And Wear NE8 3BZ2
£105K02/230.35 mi197, Sanderson Villas, Gateshead, Tyne And Wear NE8 3BZ2
£92.5K10/200.36 mi30, Ovett Gardens, Gateshead, Tyne And Wear NE8 3JH2
£80K09/210.36 mi3, Betjeman Mews, Gateshead, Tyne And Wear NE8 3BF2
£96K10/200.36 mi8, Betjeman Mews, Gateshead, Tyne And Wear NE8 3BF2
£93K06/210.36 mi9, Betjeman Mews, Gateshead, Tyne And Wear NE8 3BF2
£105K12/220.37 mi80, Foster Drive, Gateshead, Tyne And Wear NE8 3JG2
£100K01/230.37 mi17, Ovett Gardens, Gateshead, Tyne And Wear NE8 3JH2
£48K06/230.37 mi18, Blake Walk, Gateshead, Tyne And Wear NE8 3NW2
£80K06/220.37 mi10, Woodbine Terrace, High Felling, Gateshead, Tyne And Wear NE10 9JU2
£86.5K09/210.39 mi7, Renforth Close, Gateshead, Tyne And Wear NE8 3JF2
£90K08/230.39 mi19, Renforth Close, Gateshead, Tyne And Wear NE8 3JF2
£100K02/230.39 mi55, Renforth Close, Gateshead, Tyne And Wear NE8 3JF2
£95K10/210.39 mi21, Renforth Close, Gateshead, Tyne And Wear NE8 3JF2
£76K12/200.39 mi16, Foster Drive, Gateshead, Tyne And Wear NE8 3JG2
£70K03/210.4 mi368, Old Durham Road, Gateshead, Tyne And Wear NE8 4BQ2
£70K09/230.4 mi368, Old Durham Road, Gateshead, Tyne And Wear NE8 4BQ2
£93.5K06/230.42 mi89, Foster Drive, Gateshead, Tyne And Wear NE8 3JA2
£80K09/210.42 mi5, Foster Drive, Gateshead, Tyne And Wear NE8 3JA2
£105K12/220.42 mi11, Foster Drive, Gateshead, Tyne And Wear NE8 3JA2
£88K03/230.42 mi10, Renforth Close, Gateshead, Tyne And Wear NE8 3JB2
£100K07/230.42 mi58, Renforth Close, Gateshead, Tyne And Wear NE8 3JB2
£66K12/200.43 mi121, Inskip Terrace, Gateshead, Tyne And Wear NE8 4AJ2
£93K07/210.43 mi92, Redgrave Close, Gateshead, Tyne And Wear NE8 3JE2
£95K10/200.43 mi36, Redgrave Close, Gateshead, Tyne And Wear NE8 3JE2
£90K07/240.43 mi8, Redgrave Close, Gateshead, Tyne And Wear NE8 3JE2
£100K03/230.43 mi30, Redgrave Close, Gateshead, Tyne And Wear NE8 3JE2
£79K08/230.44 mi55, Shipcote Terrace, Gateshead, Tyne And Wear NE8 4AA2
£98.5K11/210.44 mi132, Chaucer Close, Gateshead, Tyne And Wear NE8 3NQ2
£61K10/200.46 mi55, Raby Street, Gateshead, Tyne And Wear NE8 4AG2
£97K03/230.46 mi201, Redgrave Close, Gateshead, Tyne And Wear NE8 3JT2
£92K09/230.46 mi119, Redgrave Close, Gateshead, Tyne And Wear NE8 3JT2
£75K11/200.46 mi179, Redgrave Close, Gateshead, Tyne And Wear NE8 3JT2
£93K08/210.46 mi131, Redgrave Close, Gateshead, Tyne And Wear NE8 3JT2
£80K11/200.46 mi151, Redgrave Close, Gateshead, Tyne And Wear NE8 3JT2
£85K10/210.46 mi103, Redgrave Close, Gateshead, Tyne And Wear NE8 3JD2
£87K09/210.46 mi35, Redgrave Close, Gateshead, Tyne And Wear NE8 3JD2
£97.5K03/210.46 mi101, Redgrave Close, Gateshead, Tyne And Wear NE8 3JD2

Local Rents

50 rents from £525/mo to £1.8K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£85007/240.04 miBayfield Gardens, Gateshead, NE82
£85007/240.04 mi-2
£59506/240.04 miKing Edward Street, Gateshead2
£69506/240.04 miBayfield Gardens, Gateshead2
£52507/240.05 miKing Edward Street, Gateshead, NE82
£64503/250.06 mi-2
£85002/250.07 mi-2
£1,10006/240.07 miMoore Street, Gateshead NE82
£60005/240.07 mi-2
£59506/240.08 mi-2
£77512/240.11 mi-2
£1,80006/240.11 mi-2
£77509/240.11 mi-2
£65007/240.13 mi-2
£65007/240.13 miSunderland Road, Gateshead, NE82
£85006/240.19 miBishops Park Road, Gateshead2
£87506/240.26 mi-2
£70008/240.26 mi-2
£75005/240.26 mi-2
£70007/240.27 miSanderson Villas, St James Village, Gateshead, NE82
£72506/240.27 miSanderson Villas, Gateshead, NE82
£85006/240.27 miSanderson Villas, Gateshead, NE82
£79507/240.27 miSanderson Villas, Gateshead, NE82
£87503/250.28 mi-2
£68012/230.28 mi-2
£75012/240.28 mi-2
£77506/240.28 miSanderson Villas, Gateshead2
£73006/240.29 miSanderson Villas, Gateshead, NE8 3BU2
£77506/240.29 miSanderson Villas, St James Village, NE82
£77507/240.29 miSanderson Villas, St James Village, NE82
£59505/240.3 miAsher Street, Gateshead, NE92
£79511/240.3 mi-2
£85012/230.36 mi-2
£77507/240.36 miDeckham Terrace, Gateshead2
£80006/240.36 miOvett Gardens, St James Village, Gateshead, Tyne and Wear, NE8 3JH2
£77512/230.37 mi-2
£85001/250.37 mi-2
£80006/240.37 miFoster Drive, St James's Village , Gateshead, Tyne and Wear, NE8 3JG2
£71005/240.37 miAcacia Road, Gateshead, Tyne And Wear, NE102
£89512/240.38 mi-2
£65006/240.38 miCarr Hill Road, Carr Hill, Gateshead2
£1,00012/240.39 mi-2
£67510/240.39 mi-2
£70006/240.39 miFoster Drive, St. James Village2
£80007/240.39 miFoster Drive, Gatehead2
£79906/240.4 mi-2
£72510/230.4 mi-2
£85007/240.4 mi-2
£85007/240.4 miOvett Gardens, Gateshead, NE82
£57506/240.41 miChandos Street, Gateshead, NE82

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

0.92 miles away

Nearest school

0.30 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £80,000

October 25, 2024

Sold for £74,950

2011

Sold for £60,500

2004

Description

  • Two Bedrooms +

  • Ground Floor Flat +

  • Modern Kitchen +

  • Garden & Courtyard +

  • Council Tax Band A +

  • EPC Rating D +

IMPRESSIVE larger style ground floor flat offered for sale with NO ONWARD CHAIN. The beautifully presented internal living space includes a lounge/diner, MODERN FITTED KITCHEN, two bedrooms and a bathroom. Externally, this property continues to impress with its lovely FRONT GARDEN and rear courtyard. Ideally situated for access to local shopping facilities and amenities, this flat will appeal to a wide range of potential purchasers including first time buyers, investors and those simply seeking to downsize.

Agent Details

Sarah Mains Residential Sales and Lettings, Low Fell

0191 625 0805

Next Steps?

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