3 Bed Terraced House, Single Let, Gateshead, NE9 6SH, £109,950

2 Gorsehill, Gateshead, Tyne And Wear, NE9 6SH - 3 views - 4 months ago

Sold STC
BTL
ROI: 6%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£68K - £280.5K
Sold Prices/m²£814/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£131,940
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,488

Stamp Duty & Legal Fees

£4,499

Total Cash In

£31,986

 

 

Cash Out

 

Rent Range

£575 - £3,500

Rent Estimate

£650

Running Costs/mo

£494

Cashflow/mo

£156

Cashflow/yr

£1,877

ROI

6%

Gross Yield

7%

Local Sold Prices

51 sold prices from £68K to £280.5K, average is £157K. £814/m² to £4K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£95K01/210.03 mi36, Gorsehill, Gateshead, Tyne And Wear NE9 6SH3
£80K07/210.03 mi34, Gorsehill, Gateshead, Tyne And Wear NE9 6SH3
£88K12/200.09 mi27, Heatherlaw, Gateshead, Tyne And Wear NE9 6RY3
£68K10/200.09 mi28, Heatherlaw, Gateshead, Tyne And Wear NE9 6RY3
£100K11/210.09 mi28, Heatherlaw, Gateshead, Tyne And Wear NE9 6RY3
£100K01/230.1 mi40, Fernlough, Gateshead, Tyne And Wear NE9 6SL3
£86.5K05/240.1 mi1, Fernlough, Gateshead, Tyne And Wear NE9 6SL3
£110K10/200.11 mi46, Coltsfoot Gardens, Gateshead, Tyne And Wear NE10 9RE3
£78.5K07/230.11 mi92, Coltsfoot Gardens, Gateshead, Tyne And Wear NE10 9RE3
£260K05/220.11 mi30, Meadow Rise, Gateshead, Tyne And Wear NE9 6GE3
£190K03/230.11 mi44, Meadow Rise, Gateshead, Tyne And Wear NE9 6GE3
£215K01/210.13 mi6, Tamarisk Way, Gateshead, Tyne And Wear NE9 6GD3
£210K06/210.13 mi21, Tamarisk Way, Gateshead, Tyne And Wear NE9 6GD3
£252K08/220.13 mi17, Tamarisk Way, Gateshead, Tyne And Wear NE9 6GD3
£160K04/210.15 mi20, Bluebell Close, Gateshead, Tyne And Wear NE9 6RF3
£70K03/210.17 mi6, Larkspur, Gateshead, Tyne And Wear NE9 6SA3
£72K03/210.17 mi19, Brackenlaw, Gateshead, Tyne And Wear NE9 6RU3
£92K07/210.17 mi9, Brackenlaw, Gateshead, Tyne And Wear NE9 6RU3
£170K07/210.18 mi65, Bluebell Close, Gateshead, Tyne And Wear NE9 6RH3
£180K04/210.18 mi7, Bluebell Close, Gateshead, Tyne And Wear NE9 6RH3
£94K08/240.21 mi7, Whinlaw, Gateshead, Tyne And Wear NE9 6RS3
£198K09/230.24 mi10, Crossfield Park, Felling, Gateshead, Tyne And Wear NE10 9SA3
£176.5K08/230.24 mi36, Crossfield Park, Felling, Gateshead, Tyne And Wear NE10 9SA3
£115K03/210.29 mi4, Beacon Rise, Gateshead, Tyne And Wear NE9 6RJ3
£134K02/230.29 mi4, Beacon Rise, Gateshead, Tyne And Wear NE9 6RJ3
£90K08/230.3 mi16, Bramblelaw, Gateshead, Tyne And Wear NE9 6RX3
£98K05/230.3 mi6, Aspenlaw, Gateshead, Tyne And Wear NE9 6SW3
£150K12/200.35 mi43, Dykes Way, Gateshead, Tyne And Wear NE10 8QL3
£168K12/230.35 mi17, Wythburn Place, Gateshead, Tyne And Wear NE9 6YT3
£157K10/230.37 mi5, Penrith Gardens, Gateshead, Tyne And Wear NE9 6YN3
£232K10/200.38 mi9, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY3
£188.5K07/210.38 mi14, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY3
£200K07/230.38 mi68, Dykes Way, Gateshead, Tyne And Wear NE10 8QN3
£200K07/230.38 mi68, Dykes Way, Gateshead, Tyne And Wear NE10 8QN3
£180K01/210.4 mi139, Windy Nook Road, Gateshead, Tyne And Wear NE10 9RJ3
£118K01/240.43 mi19, Seascale Place, Gateshead, Tyne And Wear NE9 6YP3
£187.5K03/210.44 mi10, Celandine Way, Windy Nook, Gateshead, Tyne And Wear NE10 8QP3
£168.5K02/230.44 mi12, Bowness Place, Gateshead, Tyne And Wear NE9 6YX3
£176.3K12/230.45 mi10, Railton Gardens, Gateshead, Tyne And Wear NE9 6RB3
£157K02/210.46 mi96, Celandine Way, Gateshead, Tyne And Wear NE10 8QW3
£237.5K12/220.48 mi9, Rosewood Gardens, Gateshead, Tyne And Wear NE9 5RX3
£170.5K09/230.48 mi11, Evenwood Gardens, Gateshead, Tyne And Wear NE9 5RT3
£155K08/230.5 mi1, Hodkin Gardens, Gateshead, Tyne And Wear NE9 6RA3
£147K05/210.5 mi51, Firtrees, Gateshead, Tyne And Wear NE10 8LE3
£175K04/210.5 mi26, Firtrees, Gateshead, Tyne And Wear NE10 8LE3
£185K05/230.5 mi26, Firtrees, Gateshead, Tyne And Wear NE10 8LE3
£180K05/230.5 mi4, Firtrees, Gateshead, Tyne And Wear NE10 8LE3
£90K11/200.5 mi74, Rugby Gardens, Gateshead, Tyne And Wear NE9 7JX3
£280.5K01/210.52 mi18, Church Road, Gateshead, Tyne And Wear NE9 5RD3
£125K01/210.52 mi78, Carnforth Gardens, Gateshead, Tyne And Wear NE9 6YH3
£145K12/200.53 mi63, Westfield, Gateshead, Tyne And Wear NE10 8PA3

Local Rents

50 rents from £575/mo to £3.5K/mo, average is £885/mo.

RentDateDistanceAddressBeds 
£72506/240.09 miFernlough, Gateshead, NE93
£72506/240.09 mi-3
£89905/240.16 mi-3
£70006/240.46 miCauseway, Sheriff Hill, Gateshead, Tyne And Wear, NE93
£1,20003/250.54 mi-3
£85007/240.61 miLarne Crescent, Gateshead, Tyne and Wear, NE9 5RQ3
£82506/240.63 miHopper Road, Windy Nook, Gateshead, NE103
£69512/230.65 mi-3
£89506/240.67 miFlorence Avenue, Low Fell, Gateshead, NE93
£79507/240.69 mi-3
£79507/240.69 miSheriffs Highway, Gateshead, NE93
£82003/250.7 mi-3
£1,39506/240.72 miChurch Road, Low Fell3
£89506/240.75 miCherrytree Gardens, Low Fell3
£3,50003/250.75 mi-3
£79502/240.78 mi-3
£85006/240.8 miHarraby Gardens, Low Fell, Gateshead, NE93
£95002/250.8 mi-3
£85006/240.81 miPontdyke, Leam Lane, Gateshead, Tyne And Wear, NE103
£1,15003/250.81 mi-3
£92511/240.82 mi-3
£72507/240.82 miWoodlands Terrace, Felling, Gateshead3
£80007/240.83 miMillbeck Gardens, Gateshead, Tyne And Wear, NE93
£95012/240.83 mi-3
£1,29506/240.84 miDryden Road, Low Fell, Gateshead, Tyne and Wear, NE93
£89506/240.85 miNorthway, Gateshead3
£80002/250.87 mi-3
£77506/240.87 miWesley Street, Low Fell, Gateshead3
£2,35006/240.87 mi-3
£2,35007/240.87 mi-3
£2,20003/250.87 mi-3
£80007/240.91 miSeaham Gardens, Wrekenton3
£87503/240.92 mi-3
£87505/240.92 miGateshead, Gateshead, NE103
£75007/240.93 miHarewood Green, Gateshead3
£1,45003/230.94 mi-3
£1,40004/230.94 mi-3
£1,65008/240.94 mi-3
£1,50006/240.94 miJoicey Road, Gateshead, NE93
£57507/240.98 miHigh Street, Felling Central3
£57507/240.98 miHigh Street, Felling Central3
£75006/241.01 miBramhope Green, Harlow Green, Gateshead, NE93
£1,00006/241.01 miWatermill Lane, Felling, Gateshead, Tyne And Wear, NE103
£90007/241.01 miRedemarsh, Leam Lane, Gateshead, Tyne And Wear, NE103
£1,05006/241.02 mi-3
£1,05006/241.02 miWatermill Lane, Gateshead, NE103
£90005/241.02 miSycamore Grove, Felling, Gateshead, NE103
£99509/241.06 mi-3
£77505/241.11 miBondene Avenue West, Gateshead, Tyne & Wear3
£77505/241.19 miCotemede, Gateshead, Tyne And Wear, NE103

Local Area Statistics

Population in NE9

37,590

Population in Gateshead

122,353

Town centre distance

0.52 miles away

Nearest school

0.20 miles away

Nearest train station

1.28 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-41%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £109,950

November 14, 2024

Sold for £80,000

2016

Sold for £51,000

2004

Sold for £29,000

2000

Description

Situated on Gorsehill, this immaculate three-bedroom end-terraced house is a true gem waiting to be discovered. As you step into the property, you are greeted by an inviting entrance porch leading to a hallway that sets the tone for the elegance that awaits within. The living room boasts laminate tiled flooring, creating a modern and easy-to-maintain space perfect for relaxing or entertaining guests. The internal hallway offers concealed cloaks storage, ensuring a clutter-free environment. Additionally, the ground floor features a convenient w/c and utility area, adding practicality to this stylish home.
The heart of the house lies in the dining kitchen, complete with a pantry cupboard and French doors that open onto the rear garden. Imagine enjoying your morning coffee in the fresh air or hosting al fresco dinners in this delightful outdoor space. Venturing to the first floor, you'll find the main bedroom along with two further bedrooms and a well-appointed shower room. The property's gardens, both front and rear, provide a lovely outdoor retreat, with the rear garden boasting a raised sun terrace - the perfect spot for soaking up the sun or enjoying a good book. Convenient storage with lighting ensures that your belongings are neatly tucked away. With such a well-maintained and thoughtfully designed property, viewings are highly recommended to fully appreciate the charm and functionality this home has to offer. Don't miss out on the opportunity to make this house your own.

Entrance Porch -

Entrance Hallway -

Living Room - 5.23m x 3.09m (17'1" x 10'1") -

Internal Hallway -

Ground Floor W/C And Utility Area -

Dining Kitchen - 5.22m x 3.12m (17'1" x 10'2") -

First Floor Landing -

Main Bedroom - 5.24m x 3.17m red to 2.51m (17'2" x 10'4" red to 8 -

Bedroom Two - 3.25m x 3.17m (10'7" x 10'4") -

Bedroom Three - 3.28m x 2.00m (10'9" x 6'6") -

Shower Room - 2.46m x 1.67m (8'0" x 5'5") -

External -

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.

Agent Details

Gordon Brown Estate Agents Ltd, Gateshead

0191 625 0751

Next Steps?

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