2 Bed Flat, Single Let, Gateshead, NE8 2DF, £150,000

Colombo Square, Worsdell Drive, Gateshead Quays, NE8 2DF - 3 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£59K - £475K
Sold Prices/m²£900/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£134,825

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£800 - £1,500

Rent Estimate

£895

Running Costs/mo

£668

Cashflow/mo

£227

Cashflow/yr

£2,727

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £59K to £475K, average is £150K. £900/m² to £3.8K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£125.5K08/230.23 miApartment 33, Hanover Mill, Hanover Street, Newcastle Upon Tyne, Tyne And Wear NE1 3AB2
£135K09/230.23 miApartment 20, Hanover Mill, Hanover Street, Newcastle Upon Tyne, Tyne And Wear NE1 3AB2
£150K05/240.23 miHanover Mill, Apartment 26, Hanover Street, Newcastle Upon Tyne, Tyne And Wear NE1 3AB2
£155K10/200.25 miApartment 6, Mill House, Hanover Street, Newcastle Upon Tyne, Tyne And Wear NE1 3AG2
£152K06/230.25 mi119, Curzon Place, Gateshead, Tyne And Wear NE8 2ES2
£120K06/230.25 mi116, Curzon Place, Gateshead, Tyne And Wear NE8 2ES2
£140K12/200.25 mi78, Curzon Place, Gateshead, Tyne And Wear NE8 2ES2
£138.1K12/200.25 mi88, Curzon Place, Gateshead, Tyne And Wear NE8 2ES2
£92.5K11/230.25 mi66, Curzon Place, Gateshead, Tyne And Wear NE8 2ES2
£117K11/230.28 mi42, Curzon Place, Gateshead, Tyne And Wear NE8 2ER2
£130K05/230.28 mi30, Curzon Place, Gateshead, Tyne And Wear NE8 2ER2
£405K03/210.31 miLoft 2, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear NE1 1NA2
£265K07/230.32 miLoft 48, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear NE1 1NA2
£475K10/200.32 miLoft 9, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear NE1 1NA2
£200K06/210.32 miLoft 26, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear NE1 1NA2
£405K03/210.35 miLoft 2, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear NE1 1NA2
£106K10/200.41 mi3e, Queen Street, Newcastle Upon Tyne, Tyne And Wear NE1 3UG2
£165K04/240.42 mi23b, Queen Street, Newcastle Upon Tyne, Tyne And Wear NE1 3UG2
£200K02/210.45 mi5, Peppercorn Court, Newcastle Upon Tyne, Tyne And Wear NE1 3HD2
£86K01/230.46 mi14, Affleck Street, Gateshead, Tyne And Wear NE8 1QY2
£98K03/230.48 mi70, Windmill Way, Gateshead, Tyne And Wear NE8 1NU2
£129K11/200.5 miApartment 314, The Bar, St James Gate, Newcastle Upon Tyne, Tyne And Wear NE1 4BA2
£156K05/240.5 miThe Bar, Apartment 608, St James Gate, Newcastle Upon Tyne, Tyne And Wear NE1 4BA2
£59K11/200.51 mi5, Claremont South Avenue, Gateshead, Tyne And Wear NE8 1RJ2
£315K06/230.55 mi26, Love Lane, Newcastle Upon Tyne, Tyne And Wear NE1 3DW2
£195K12/200.55 mi7, Love Lane, Newcastle Upon Tyne, Tyne And Wear NE1 3DW2
£150K04/240.56 mi55 Degrees North, 8/7, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BG2
£165K02/210.56 mi8/13, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BG2
£270K10/200.56 miP5, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BJ2
£135.8K07/210.56 mi4/14, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BF2
£155K12/220.56 mi5/14, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BF2
£194K08/230.56 mi9/19, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BJ2
£160K07/210.57 mi8/19, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BG2
£185K03/240.57 mi21, Milk Market, Newcastle Upon Tyne, Tyne And Wear NE1 3DN2
£152K06/230.57 mi6, Milk Market, Newcastle Upon Tyne, Tyne And Wear NE1 3DN2
£215K09/230.58 miApartment 409, Pandongate House, City Road, Newcastle Upon Tyne, Tyne And Wear NE1 2AY2
£113.5K11/200.58 mi77c, Grainger Street, Newcastle Upon Tyne, Tyne And Wear NE1 5JF2
£159.5K11/230.59 miApartment 14, Charltons Bonds, Waterloo Street, Newcastle Upon Tyne, Tyne And Wear NE1 4DE2
£63K12/200.59 mi62, Woodbine Street, Gateshead, Tyne And Wear NE8 1SS2
£185K11/220.6 miApartment 101, Pandongate House, City Road, Newcastle Upon Tyne, Tyne And Wear NE1 2AY2
£115K09/230.6 miApartment 22, Waterloo House, Thornton Street, Newcastle Upon Tyne, Tyne And Wear NE1 4AP2
£104K12/200.61 miApartment 5, Waterloo House, Thornton Street, Newcastle Upon Tyne, Tyne And Wear NE1 4AP2
£135K07/230.64 mi12, Charlotte Mews, Newcastle Upon Tyne, Tyne And Wear NE1 4XH2
£135K12/230.64 mi3, Charlotte Mews, Newcastle Upon Tyne, Tyne And Wear NE1 4XH2
£152K11/230.67 mi18, Blackfriars Court, Newcastle Upon Tyne, Tyne And Wear NE1 4XB2
£82.5K03/210.71 mi21, Chaucer Close, Gateshead, Tyne And Wear NE8 3NG2
£90K01/240.71 mi52, Chaucer Close, Gateshead, Tyne And Wear NE8 3NG2
£70K03/240.72 mi20, Ripon Street, Gateshead, Tyne And Wear NE8 4EP2
£142K05/210.72 miApartment 34, Printworks, Rutherford Street, Newcastle Upon Tyne, Tyne And Wear NE4 5DP2
£160K03/230.72 miApartment 21, Printworks, Rutherford Street, Newcastle Upon Tyne, Tyne And Wear NE4 5DP2

Local Rents

50 rents from £800/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,02006/240.01 miColombo Square, Worsdell Drive, Gateshead2
£1,02006/240.01 miWorsdell Drive, Gateshead, NE82
£94503/250.01 mi-2
£1,50003/240.02 miColombo Square, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,00006/240.02 miColombo Square, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,02006/240.02 miColombo Square, Worsdell Drive, Ochre Yards, Gateshead, NE82
£1,02006/240.02 miColombo Square, Worsdell Drive, Ochre Yards, Gateshead, NE82
£89506/240.02 miColombo Square, Gateshead2
£1,02007/240.02 miColombo Square, Worsdell Drive, Gateshead, NE82
£1,20006/240.02 miColombo Square, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£89506/240.02 miColombo Square, Worsdell Drive, Gateshead, Tyne & Wear, NE82
£1,19506/240.03 miOchre Mews, Raven Road, Gateshead, NE82
£1,04506/240.03 miOchre Mews, Raven Road, Gateshead, NE82
£1,22506/240.03 miOchre Mews, Raven Road, Gateshead, NE82
£1,30006/240.03 miOchre Mews, Raven Road, Gateshead, NE8 2FF2
£1,10006/240.04 miMarmion Court, Worsdell Drive, Gateshead, NE82
£1,20006/240.04 miMarmion Court, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,10003/240.04 miCameronian Square, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20003/240.04 miWorsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20006/240.04 miCameronian Square, Ochre Yards, Gateshead, NE82
£92506/240.04 miCameronian Square, Gateshead2
£89506/240.04 miCameronian Square, Ochre Yards, Gateshead, NE82
£1,02007/240.04 miCameronian Square, Ochre Yards, Gateshead, NE82
£1,20010/240.04 mi-2
£92506/240.04 miCameronian Square, Worsdell Drive, Gateshead, Tyne and Wear, NE82
£89506/240.04 miCameronian Square, Worsdell Drive, GATESHEAD, Tyne and Wear, NE82
£1,20006/240.05 miFairway Court, Fletcher Road, Gateshead, NE82
£89506/240.05 miCameronian Square, Worsdell Drive, Gateshead2
£1,15002/250.05 mi-2
£1,25010/240.05 mi-2
£94006/240.05 miWillbrook House, Worsdell Drive, Gateshead, NE82
£1,35003/250.05 mi-2
£1,15007/240.05 miWorsdell Drive, Gateshead, NE82
£99511/240.05 mi-2
£80006/240.05 miWorsdell Drive, Gateshead2
£1,45006/240.05 miWillbrook House, Ochre Yards, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20003/240.05 miWillbrook House, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20007/240.05 miWillbrook House, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20007/240.05 miWillbrook House, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20006/240.05 miWorsdell Drive, Gateshead, Tyne And Wear, NE82
£1,15007/240.05 mi-2
£1,25003/240.06 miTranquil House, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,35003/240.06 miWorsdell Drive, Gateshead, Tyne And Wear, NE82
£1,19507/240.07 miWillbrook House, Gateshead Quays2
£1,10003/240.07 miWillbrook House, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20006/240.07 miWorsdell Drive, Gateshead, Tyne And Wear, NE82
£90011/240.07 mi-2
£1,35007/240.07 miWillbrook House, Worsdell Drive, Gateshead, NE82
£1,25006/240.08 miWorsdell Drive, Gateshead, Tyne And Wear, NE82
£1,05006/240.08 miMidlothian Court, Worsdell Drive, Gateshead, Tyne And Wear, NE82

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

1.86 miles away

Nearest school

0.30 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £150,000

October 31, 2024

Description

  • Two Double Bedrooms +

  • Modern Apartment +

  • Secure Intercom Entry System +

  • Lift Access +

  • Allocated Parking +

  • Council Tax Band C +

  • EPC Rating C +

This SMART second floor apartment is ideally suited to professionals and couples alike. The living space includes an impressive lounge Juliet style balcony together with open access to a MODERN KITCHEN, two double bedrooms and a BEAUTIFUL BATHROOM. The development offers lift and staircase access to all floors as well as a secure intercom entry system. The apartment further benefits from ALLOCATED PARKING. Ideally situated for access to Gateshead Town Centre and Newcastle City Centre.

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 💪