2 Bed Flat, Single Let, Gateshead, NE8 1TZ, £59,950

47 Claremont Walk, Gateshead, NE8 1TZ - 2 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 18%
57 m²
+3 photos

ValuationUndervalued

Sold Prices£42.6K - £145K
Sold Prices/m²£765/m² - £1.9K/m²

 

 

Square Metres

57 m²
Price/m²£1.1K/m²

Value Estimate

£64,773
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£14,988

Stamp Duty & Legal Fees

£2,999

Total Cash In

£17,986

 

 

Cash Out

 

Rent Range

£520 - £3,500

Rent Estimate

£595

Running Costs/mo

£326

Cashflow/mo

£269

Cashflow/yr

£3,228

ROI

18%

Gross Yield

12%

Local Sold Prices

50 sold prices from £42.6K to £145K, average is £80.3K. £765/m² to £1.9K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£63K12/200.07 mi62, Woodbine Street, Gateshead, Tyne And Wear NE8 1SS2
£98K03/230.13 mi70, Windmill Way, Gateshead, Tyne And Wear NE8 1NU2
£59K11/200.15 mi5, Claremont South Avenue, Gateshead, Tyne And Wear NE8 1RJ2
£86K01/230.17 mi14, Affleck Street, Gateshead, Tyne And Wear NE8 1QY2
£80.5K09/230.2 mi34, St Aidans Street, Gateshead, Tyne And Wear NE8 1YA2
£73K10/210.22 mi24, Bensham Avenue, Gateshead, Tyne And Wear NE8 1XT2
£42.6K03/210.22 mi36, Bensham Avenue, Gateshead, Tyne And Wear NE8 1XT2
£71K09/230.24 mi97, Rectory Road, Gateshead, Tyne And Wear NE8 1XJ2
£95K08/230.27 mi26, Curzon Street, Gateshead, Tyne And Wear NE8 1YD2
£70K09/210.31 mi238, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£75K08/210.31 mi244, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£71.8K11/210.32 mi207, Whitehall Road, Gateshead, Tyne And Wear NE8 4PS2
£70K03/240.32 mi20, Ripon Street, Gateshead, Tyne And Wear NE8 4EP2
£50.5K12/200.34 mi58, Rawling Road, Gateshead, Tyne And Wear NE8 4QR2
£83.3K07/230.35 mi17, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NU2
£65K12/200.35 mi82, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NG2
£62.5K05/210.35 mi52, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£55.5K02/210.35 mi30, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£87K12/220.36 mi89, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£88K07/230.36 mi35, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£64K01/230.38 mi15, Saltwell Street, Gateshead, Tyne And Wear NE8 4QX2
£140K06/230.38 mi16, Exeter Street, Gateshead, Tyne And Wear NE8 4EY2
£95K10/230.38 mi51, Exeter Street, Gateshead, Tyne And Wear NE8 4EY2
£145K07/230.38 mi42, Exeter Street, Gateshead, Tyne And Wear NE8 4EY2
£62K03/240.39 mi45, Saltwell Street, Gateshead, Tyne And Wear NE8 4QX2
£83K04/240.39 mi10, Saltwell Place, Gateshead, Tyne And Wear NE8 4QY2
£87K11/230.39 mi72, Saltwell Place, Gateshead, Tyne And Wear NE8 4QY2
£60K03/210.4 mi239, Whitehall Road, Gateshead, Tyne And Wear NE8 4PT2
£58.5K03/240.41 mi157, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£73K04/210.41 mi120, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£70K03/230.41 mi169, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£58.8K03/210.43 mi31, Hyde Park Street, Gateshead, Tyne And Wear NE8 4QB2
£58.8K03/210.43 mi29, Hyde Park Street, Gateshead, Tyne And Wear NE8 4QB2
£97K06/230.44 mi106, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NX2
£91.5K04/240.45 mi123, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NJ2
£79K04/210.47 mi229, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£103K10/200.47 mi291, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£86K05/230.48 mi26, Hedley Street, Gateshead, Tyne And Wear NE8 4XN2
£94K05/210.48 mi77, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RT2
£106K06/230.49 mi20, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RX2
£83K06/230.5 mi7, Shipley Court, Gateshead, Tyne And Wear NE8 4EZ2
£80K08/230.5 mi10, Shipley Court, Gateshead, Tyne And Wear NE8 4EZ2
£90K07/210.51 mi169, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NR2
£96K11/210.52 mi223, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£101K09/230.52 mi183, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£85K11/210.52 mi163, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£62K12/200.52 mi221, Rawling Road, Gateshead, Tyne And Wear NE8 4QU2
£53K11/200.53 mi85, Rodsley Avenue, Gateshead, Tyne And Wear NE8 4LA2
£104K01/230.55 mi231, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NN2
£83K05/210.56 mi125a, Durham Road, Gateshead, Tyne And Wear NE8 4AQ2

Local Rents

51 rents from £520/mo to £3.5K/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£72502/250.07 mi-2
£69506/240.08 miWoodbine Street, Bensham, Gateshead2
£65007/240.08 mi-2
£65007/240.08 miWoodbine Street, Gateshead, NE82
£65007/240.08 miWoodbine Street, Gateshead, NE82
£3,50003/250.12 mi-2
£74011/240.12 mi-2
£76001/250.13 mi-2
£1,45007/240.14 miOchre Mews, Raven Road, Gateshead, Newcastle upon Tyne2
£75006/240.14 miWindmill Way, Gateshead, Tyne and Wear2
£1,85006/240.16 mi-2
£1,85012/240.16 mi-2
£1,75003/250.16 mi-2
£62504/240.17 mi-2
£62512/240.17 mi-2
£78507/240.18 miAffleck Street, Gateshead, NE82
£78507/240.18 mi-2
£70001/250.18 mi-2
£1,95006/240.18 mi-2
£1,95007/240.18 mi-2
£1,95001/250.18 mi-2
£1,85002/250.18 mi-2
£1,75003/250.18 mi-2
£57501/250.18 mi-2
£80005/240.19 mi-2
£3,50003/250.23 mi-2
£65006/240.23 miBalfour Street, Gateshead, NE82
£1,10006/240.23 mi-2
£1,05001/250.23 mi-2
£1,01010/230.24 mi-2
£1,15010/240.24 mi-2
£59507/230.27 mi-2
£67502/250.27 mi-2
£67508/240.3 mi-2
£3,50003/250.32 mi-2
£65007/240.32 mi-2
£59503/250.32 mi-2
£59507/240.32 mi-2
£59503/250.32 mi-2
£65006/240.33 miPrince Consort Road, Bensham, Gateshead, Tyne And Wear, NE82
£59005/240.33 mi-2
£59005/240.33 mi-2
£62012/240.33 mi-2
£75002/250.33 mi-2
£65006/240.35 miWestbourne Avenue, Gateshead2
£95006/240.35 miExeter Street, Gateshead2
£85007/240.36 mi183 Rectory Road, Gateshead, Tyne And Wear, NE82
£69507/240.36 miEastbourne Avenue, Gateshead2
£62502/250.37 mi-2
£52009/230.38 mi-2
£65006/240.38 miRectory Road, Bensham, Gateshead, Tyne and Wear, NE8 4RQ2

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

1.44 miles away

Nearest school

0.10 miles away

Nearest train station

0.91 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £59,950

November 14, 2024

Description

Welcome to Claremont Walk, Gateshead! This spacious first-floor flat is located in the central area of Bensham, offering a convenient and vibrant lifestyle. As you step into this property, you are greeted by a living room, perfect for relaxing or entertaining guests. The kitchen is well-equipped, providing a space where you can unleash your culinary skills. With two spacious double bedrooms, there is ample room for a growing family, guests, or even a home office. The bathroom offers a tranquil retreat after a long day, allowing you to unwind and rejuvenate. The uPVC double glazing and gas central heating ensure that you stay warm and comfortable throughout the year, making this flat a cosy haven in any season. Outside, you'll find communal gardens where you can enjoy the fresh air. The communal entrance adds a sense of community to the property, making it a welcoming place to call home.
Don't miss out on the opportunity to make this flat your own and experience the best of what Claremont Walk has to offer. Book a viewing today to avoid disappointment.

Communal Entrance -

First Floor Apartment Hallway -

Living Room - 4.12m x 3.99m (13'6" x 13'1") -

Kitchen - 3.62m x 2.44m (11'10" x 8'0") -

Main Bedroom - 3.41m x 2.98m (11'2" x 9'9") -

Bedroom Two - 3.83m x 2.32m (12'6" x 7'7") -

Bathroom - 2.48m x 1.57m (8'1" x 5'1") -

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?

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