3 Bed Flat, Single Let, Gateshead, NE8 3PR, £74,950

93 King Edward Street, Gateshead, NE8 3PR - 2 views - 2 months ago

Sold STC
Leasehold
BTL
ROI: 13%
64 m²
+6 photos

ValuationUndervalued

Sold Prices£58K - £185.5K
Sold Prices/m²£696/m² - £2.4K/m²

 

 

Square Metres

64 m²
Price/m²£1.2K/m²

Value Estimate

£78,387
BMV5%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,738

Stamp Duty & Legal Fees

£3,449

Total Cash In

£22,186

 

 

Cash Out

 

Rent Range

£595 - £3,500

Rent Estimate

£625

Running Costs/mo

£379

Cashflow/mo

£246

Cashflow/yr

£2,949

ROI

13%

Gross Yield

10%

Local Sold Prices

31 sold prices from £58K to £185.5K, average is £95K. £696/m² to £2.4K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£68K10/230.06 mi27, Howe Street, Gateshead, Tyne And Wear NE8 3PQ3
£97.5K11/230.47 mi48, Old Durham Road, Gateshead, Tyne And Wear NE8 4BL3
£117K10/220.47 mi24, Mafeking Street, Gateshead, Tyne And Wear NE9 5LH3
£62.5K06/210.49 mi120, Northbourne Street, Gateshead, Tyne And Wear NE8 4AH3
£145K07/230.66 mi44, Exeter Street, Gateshead, Tyne And Wear NE8 4EY3
£185.5K12/220.66 mi52, Exeter Street, Gateshead, Tyne And Wear NE8 4EY3
£95K02/210.66 mi28, Exeter Street, Gateshead, Tyne And Wear NE8 4EY3
£58K11/200.66 mi25, Woodlands Terrace, Gateshead, Tyne And Wear NE10 9HT3
£75K10/200.66 mi63, Woodlands Terrace, Gateshead, Tyne And Wear NE10 9HT3
£78.5K06/230.67 mi16, Cotterdale Avenue, Gateshead, Tyne And Wear NE8 4JP3
£77K01/210.7 mi57, Hewitson Terrace, Gateshead, Tyne And Wear NE10 9HQ3
£69K03/210.7 mi24, Hewitson Terrace, Gateshead, Tyne And Wear NE10 9HQ3
£165K06/230.72 mi94, Avenue Road, Gateshead, Tyne And Wear NE8 4JE3
£75K01/210.74 mi2, Coldwell Terrace, Gateshead, Tyne And Wear NE10 9EY3
£130K09/220.74 mi22, Coldwell Terrace, Gateshead, Tyne And Wear NE10 9EY3
£87K10/200.74 mi191, Rodsley Avenue, Gateshead, Tyne And Wear NE8 4LB3
£133.5K04/210.75 mi4, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NH3
£62.5K02/210.76 mi36, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JT3
£159.9K10/230.78 mi184, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX3
£85K11/210.8 mi165, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL3
£87.5K06/230.8 mi25, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NH3
£75K12/200.84 mi207, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NR3
£95K10/200.9 mi329, Rectory Road, Gateshead, Tyne And Wear NE8 4RS3
£85K08/220.92 mi179, Windy Nook Road, Gateshead, Tyne And Wear NE10 9RJ3
£106K09/230.92 mi318, Rectory Road, Gateshead, Tyne And Wear NE8 4RP3
£105K04/210.92 mi228, Rectory Road, Gateshead, Tyne And Wear NE8 4RP3
£119K12/210.96 mi33, Kells Lane, Gateshead, Tyne And Wear NE9 5SJ3
£140.8K04/240.96 mi31, Kells Lane, Gateshead, Tyne And Wear NE9 5SJ3
£103K04/210.98 mi15, Florence Avenue, Gateshead, Tyne And Wear NE9 5SQ3
£124K01/210.99 mi3, Florence Avenue, Gateshead, Tyne And Wear NE9 5SQ3
£103K04/210.99 mi15, Florence Avenue, Gateshead, Tyne And Wear NE9 5SQ3

Local Rents

51 rents from £595/mo to £3.5K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£69506/240.05 miHowe Street, Gateshead, Tyne and Wear, NE83
£65008/240.09 mi-3
£69907/240.09 miKing Edward Street, Gateshead, NE83
£85007/240.1 miHowe Street, Gateshead, NE83
£85008/240.1 mi-3
£89507/240.1 miFleetwood Way, Gateshead, NE83
£3,50003/250.1 mi-3
£96512/240.11 mi-3
£1,10006/240.13 miBeech Street, Gateshead, Tyne and Wear, NE83
£1,09506/240.14 mi-3
£1,10007/240.15 miAngel Avenue, Gateshead, Tyne and Wear, NE83
£1,00002/250.17 mi-3
£2,45008/240.19 mi-3
£2,45011/240.19 mi-3
£2,30003/250.19 mi-3
£2,30003/250.19 mi-3
£2,35004/240.19 mi-3
£99506/240.2 miBishops Park Road, Gateshead, NE83
£92506/240.22 miChurchill Road, Gateshead, NE83
£95007/240.22 miChurchill Road, Felling3
£92506/240.22 miChurchill Road, Gateshead3
£85011/240.25 mi-3
£65008/240.27 miTulip Street, Felling, Gateshead, NE103
£1,19505/240.31 miOban Terrace, Gateshead, NE103
£1,19504/240.31 mi-3
£80004/240.35 mi-3
£1,00007/240.35 miOvett Gardens, St James Village, Gateshead, NE83
£62512/240.36 mi-3
£77506/240.38 mi-3
£1,10012/240.41 mi-3
£97007/240.41 miChaucer Close, Gateshead, NE83
£97012/240.41 mi-3
£1,00006/240.41 miFoster Drive, Gateshead3
£1,10006/240.43 miRenforth Close, St James Village, Gateshead, Tyne And Wear, NE83
£89506/240.44 miInskip Terrace, Gateshead3
£1,10002/250.45 mi-3
£95009/240.45 mi-3
£72507/240.46 miShipcote Terrace, Gateshead, Tyne And Wear, NE83
£69504/240.47 mi-3
£75007/240.47 mi-3
£69512/240.47 mi-3
£69512/240.47 mi-3
£82503/250.47 mi-3
£89506/240.48 miOld Durham Road, Gateshead, NE83
£89507/240.48 miOld Durham Road, Gateshead, NE83
£89507/240.48 mi-3
£89507/240.48 mi-3
£60001/240.49 mi-3
£65001/250.49 mi-3
£59506/240.49 miNorthbourne Street, Gateshead, Tyne And Wear, NE83
£89506/240.5 miNorthway, Gateshead3

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

0.92 miles away

Nearest school

0.20 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 £74,950

January 7, 2025

Description

Situated on King Edward Street, this beautifully presented first-floor flat offers a perfect blend of comfort and convenience. With three well-proportioned bedrooms, this property is ideal for families or professionals seeking a spacious living environment. As you enter, you are welcomed into a bright living room adorned with elegant engineered oak flooring, creating a warm and inviting atmosphere. The modern kitchen is equipped with an integrated oven, fridge, freezer, and an eye-level microwave, making it a delightful space for culinary enthusiasts. The rear hallway provides access to a fully tiled bathroom, ensuring practicality and style. The main bedroom, along with two additional good-sized bedrooms, offers ample space and versatility for relaxation and rest. Enjoy pleasant views from the front of the property, enhancing the overall appeal of this charming flat. Step outside to discover a private yard at the rear, complete with a seating area, perfect for enjoying the outdoors or entertaining guests. This flat is ideally situated for easy access to local amenities and transport links, making it a convenient choice for those who value accessibility. Viewings are highly recommended to truly appreciate the quality and charm of this lovely home. Don’t miss the opportunity to make this delightful flat your own.

Entrance Hallway -

First Floor Landing -

Living Room - 4.51m x 3.72m (14'9" x 12'2") -

Kitchen - 2.72m x 2.32m (8'11" x 7'7") -

Bathroom - 1.84m x 1.34m (6'0" x 4'4") -

Main Bedroom - 4.34m x 3.67m (14'2" x 12'0") -

Bedroom Two - 3.51m x 2.23m (11'6" x 7'3") -

Bedroom Three - 3.22m x 2.25m (10'6" x 7'4") -

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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