2 Bed Terraced House, Single Let, Gateshead, NE10 8SL, £105,000





ValuationFair Value
Sold Prices | £72.8K - £270K |
Sold Prices/m² | £997/m² - £2.9K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £1.5K/m² |
Value Estimate | £104,499£104,499 |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £26,250£26,250 |
Stamp Duty & Legal Fees | £4,350£4,350 |
Total Cash In | £30,600£30,600 |
| |
Cash Out | |
Rent Range | £600 - £850£600 - £850 |
Rent Estimate | £600 |
Running Costs/mo | £468£468 |
Cashflow/mo | £132£132 |
Cashflow/yr | £1,583£1,583 |
ROI | 5%5% |
Gross Yield | 7%7% |
Local Sold Prices
50 sold prices from £72.8K to £270K, average is £112.6K. £997/m² to £2.9K/m², average is £1.5K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£95K | 09/21 | 0.1 mi | 5, Englefeld, Gateshead, Tyne And Wear NE10 8RL | £1,439 | 66 | 2 | Terraced House | |
£98K | 09/20 | 0.11 mi | 21, Leam Lane, Gateshead, Tyne And Wear NE10 8RD | £1,361 | 72 | 2 | Semi-Detached House | |
£72.8K | 10/21 | 0.16 mi | 43, Woodwynd, Gateshead, Tyne And Wear NE10 8RR | £1,323 | 55 | 2 | Semi-Detached House | |
£112K | 01/23 | 0.2 mi | 13, Wallinfen, Gateshead, Tyne And Wear NE10 8ND | £1,366 | 82 | 2 | Terraced House | |
£92.5K | 02/21 | 0.2 mi | 13, Wallinfen, Gateshead, Tyne And Wear NE10 8ND | £1,128 | 82 | 2 | Semi-Detached House | |
£105K | 06/21 | 0.21 mi | 16, Staneway, Gateshead, Tyne And Wear NE10 8LR | £1,500 | 70 | 2 | Semi-Detached House | |
£118K | 03/23 | 0.21 mi | 16, Staneway, Gateshead, Tyne And Wear NE10 8LR | £1,686 | 70 | 2 | Semi-Detached House | |
£80K | 12/20 | 0.22 mi | 73, Staneway, Gateshead, Tyne And Wear NE10 8LS | £1,126 | 71 | 2 | Semi-Detached House | |
£111K | 07/23 | 0.24 mi | 91, Staneway, Gateshead, Tyne And Wear NE10 8LS | £1,542 | 72 | 2 | Terraced House | |
£100K | 06/21 | 0.24 mi | 132, Staneway, Gateshead, Tyne And Wear NE10 8LS | £1,432 | 70 | 2 | Terraced House | |
£80K | 12/20 | 0.24 mi | 73, Staneway, Gateshead, Tyne And Wear NE10 8LS | £1,126 | 71 | 2 | Semi-Detached House | |
£118.5K | 08/21 | 0.29 mi | 64, Whyndyke, Gateshead, Tyne And Wear NE10 8NP | - | - | 2 | Terraced House | |
£130K | 12/21 | 0.29 mi | 54, Whyndyke, Gateshead, Tyne And Wear NE10 8NP | £1,605 | 81 | 2 | Terraced House | |
£80K | 03/21 | 0.33 mi | 10, Monkton, Gateshead, Tyne And Wear NE10 8NU | £1,283 | 62 | 2 | Semi-Detached House | |
£118K | 08/23 | 0.37 mi | 21, Chevington, Gateshead, Tyne And Wear NE10 8JY | £1,686 | 70 | 2 | Semi-Detached House | |
£90K | 04/23 | 0.43 mi | 13, Laverick, Gateshead, Tyne And Wear NE10 8NY | £1,364 | 66 | 2 | Semi-Detached House | |
£168K | 02/21 | 0.45 mi | 67, Yewtrees, Gateshead, Tyne And Wear NE10 8LH | £1,768 | 95 | 2 | Semi-Detached House | |
£112K | 10/23 | 0.5 mi | 116, Lanchester Avenue, Gateshead, Tyne And Wear NE9 7AN | £1,534 | 73 | 2 | Terraced House | |
£156K | 11/20 | 0.52 mi | 93, Westfield, Gateshead, Tyne And Wear NE10 8PD | £2,516 | 62 | 2 | Detached House | |
£95K | 08/21 | 0.53 mi | 26, Bleachfeld, Gateshead, Tyne And Wear NE10 8PY | £1,357 | 70 | 2 | Semi-Detached House | |
£125K | 03/23 | 0.55 mi | 40, Colegate, Gateshead, Tyne And Wear NE10 8PP | - | - | 2 | Semi-Detached House | |
£80K | 09/21 | 0.56 mi | 14, Wirralshir, Gateshead, Tyne And Wear NE10 8HT | - | - | 2 | Terraced House | |
£132K | 05/23 | 0.59 mi | 16, Whinbrooke, Gateshead, Tyne And Wear NE10 8HR | £2,311 | 57 | 2 | Terraced House | |
£146K | 05/22 | 0.59 mi | 60, Celandine Way, Windy Nook, Gateshead, Tyne And Wear NE10 8QP | - | - | 2 | Detached House | |
£135K | 06/23 | 0.59 mi | 8, Celandine Way, Windy Nook, Gateshead, Tyne And Wear NE10 8QP | - | - | 2 | Semi-Detached House | |
£124.5K | 07/23 | 0.59 mi | 33, Celandine Way, Windy Nook, Gateshead, Tyne And Wear NE10 8QP | £2,509 | 50 | 2 | Semi-Detached House | |
£165.3K | 06/21 | 0.59 mi | 40, Celandine Way, Gateshead, Tyne And Wear NE10 8QP | - | - | 2 | Detached House | |
£127.5K | 07/23 | 0.59 mi | 54, Celandine Way, Windy Nook, Gateshead, Tyne And Wear NE10 8QP | - | - | 2 | Semi-Detached House | |
£91K | 03/21 | 0.59 mi | 183, Meresyde, Gateshead, Tyne And Wear NE10 8PE | £1,282 | 71 | 2 | Terraced House | |
£80K | 11/20 | 0.62 mi | 60, Redemarsh, Gateshead, Tyne And Wear NE10 8PR | £1,212 | 66 | 2 | Semi-Detached House | |
£120K | 05/21 | 0.64 mi | 3, Hill Crest, Gateshead, Tyne And Wear NE10 9AL | £1,500 | 80 | 2 | Terraced House | |
£90K | 04/21 | 0.65 mi | 42, Fallowfeld, Gateshead, Tyne And Wear NE10 8QD | £1,111 | 81 | 2 | Semi-Detached House | |
£104K | 01/21 | 0.65 mi | 62, Dykes Way, Gateshead, Tyne And Wear NE10 8QN | £2,167 | 48 | 2 | Semi-Detached House | |
£100K | 01/21 | 0.65 mi | 70, Dykes Way, Gateshead, Tyne And Wear NE10 8QN | £2,000 | 50 | 2 | Semi-Detached House | |
£160K | 11/20 | 0.67 mi | 11, Selsey Court, Gateshead, Tyne And Wear NE10 9AU | £2,857 | 56 | 2 | Semi-Detached House | |
£147.5K | 04/21 | 0.68 mi | 9, Ratho Court, Gateshead, Tyne And Wear NE10 9AY | £2,235 | 66 | 2 | Semi-Detached House | |
£116K | 05/23 | 0.68 mi | 17, Brandon Gardens, Gateshead, Tyne And Wear NE9 7BD | £1,587 | 73 | 2 | Terraced House | |
£75K | 12/20 | 0.7 mi | 3, Cleadon Gardens, Gateshead, Tyne And Wear NE9 7BA | £997 | 75 | 2 | Semi-Detached House | |
£120K | 10/20 | 0.7 mi | 30, Dykes Way, Gateshead, Tyne And Wear NE10 8QL | £2,142 | 56 | 2 | Semi-Detached House | |
£89K | 01/21 | 0.7 mi | 38, Dykes Way, Gateshead, Tyne And Wear NE10 8QL | - | - | 2 | Terraced House | |
£115K | 04/23 | 0.72 mi | 12, Alderwyk, Gateshead, Tyne And Wear NE10 8DB | £1,643 | 70 | 2 | Semi-Detached House | |
£140K | 02/23 | 0.72 mi | 20, Highfield Court, Gateshead, Tyne And Wear NE10 9LH | £2,545 | 55 | 2 | Terraced House | |
£270K | 06/23 | 0.74 mi | 27, Colegate West, Gateshead, Tyne And Wear NE10 9AH | £2,842 | 95 | 2 | Semi-Detached House | |
£166K | 03/21 | 0.75 mi | 8, Langley Avenue, Gateshead, Tyne And Wear NE10 8BU | £1,711 | 97 | 2 | Detached House | |
£129.9K | 02/23 | 0.79 mi | 27, Evanlade, Gateshead, Tyne And Wear NE10 8DA | £1,624 | 80 | 2 | Semi-Detached House | |
£97.5K | 07/23 | 0.8 mi | 60, Millbrook, Gateshead, Tyne And Wear NE10 9XW | - | - | 2 | Terraced House | |
£95K | 02/21 | 0.81 mi | 29, Evanlade, Gateshead, Tyne And Wear NE10 8DA | £1,319 | 72 | 2 | Semi-Detached House | |
£125K | 06/23 | 0.81 mi | 2, Wardle Gardens, Gateshead, Tyne And Wear NE10 9XA | £2,155 | 58 | 2 | Semi-Detached House | |
£80K | 11/20 | 0.82 mi | 4, Graystones, Gateshead, Tyne And Wear NE10 8DR | £1,159 | 69 | 2 | Semi-Detached House | |
£113.3K | 07/23 | 0.83 mi | 14, Somerford, Springwell, Gateshead, Tyne And Wear NE9 7QW | - | - | 2 | Terraced House |
Local Rents
29 rents from £600/mo to £850/mo, average is £695/mo.
Rent | Date | Distance | Address | Beds | Type | |
£695 | 04/24 | 0.08 mi | - | 2 | Flat | |
£650 | 03/24 | 0.19 mi | Staneway, Leam Lane | 2 | Semi-Detached House | |
£650 | 05/24 | 0.23 mi | Staneway, Gateshead | 2 | Detached House | |
£745 | 03/25 | 0.25 mi | - | 2 | Semi-Detached House | |
£695 | 05/24 | 0.29 mi | Cotemede, Leam Lane, Gateshead | 2 | Detached House | |
£800 | 06/24 | 0.36 mi | Hopedene, Leam Lane, Gateshead, Tyne And Wear, NE10 | 2 | Terraced House | |
£600 | 05/24 | 0.83 mi | Coltsfoot Gardens, Windy Nook, Gateshead, Tyne And Wear, NE10 | 2 | Flat | |
£685 | 08/23 | 0.83 mi | - | 2 | Semi-Detached House | |
£650 | 08/24 | 0.88 mi | - | 2 | Flat | |
£650 | 06/24 | 0.92 mi | Chopwell Gardens, Wrekenton, Gateshead, NE9 | 2 | Flat | |
£695 | 02/24 | 1.01 mi | - | 2 | Flat | |
£695 | 07/24 | 1.01 mi | The Haynyng, Gateshead, Tyne And Wear, NE10 | 2 | Semi-Detached House | |
£775 | 02/24 | 1.01 mi | - | 2 | Terraced House | |
£695 | 07/24 | 1.02 mi | Stone Street, Gateshead, Tyne And Wear, NE10 | 2 | Flat | |
£725 | 12/23 | 1.02 mi | - | 2 | Terraced House | |
£625 | 12/23 | 1.03 mi | - | 2 | Flat | |
£775 | 06/24 | 1.03 mi | Albion Terrace, Gateshead | 2 | Terraced House | |
£850 | 07/24 | 1.04 mi | Wingrove Terrace, Springwell, Gateshead | 2 | Terraced House | |
£800 | 07/24 | 1.05 mi | Galloping Green Road, Gateshead | 2 | Terraced House | |
£795 | 01/24 | 1.05 mi | - | 2 | Terraced House | |
£795 | 06/24 | 1.12 mi | Cypress Road, Eighton Banks, NE9 | 2 | Flat | |
£775 | 05/24 | 1.13 mi | Rydal, Gateshead | 2 | Terraced House | |
£750 | 05/24 | 1.14 mi | St. Marys Terrace, Heworth, Gateshead, Tyne and Wear, NE10 0NY | 2 | Terraced House | |
£800 | 05/24 | 1.16 mi | Donridge, Washington, Tyne and Wear, NE37 1EW | 2 | Flat | |
£675 | 06/24 | 1.17 mi | Kings Terrace, Springwell Village | 2 | Terraced House | |
£650 | 08/24 | 1.18 mi | Windy Nook Road, Windy Nook | 2 | Flat | |
£650 | 08/24 | 1.18 mi | Windy Nook Road, Gateshead | 2 | Flat | |
£600 | 03/25 | 1.21 mi | - | 2 | Flat | |
£695 | 06/24 | 1.24 mi | Ollerton Gardens, Gateshead | 2 | Flat |
Local Area Statistics
Population in NE10 | 35,99135,991 |
Population in Gateshead | 122,353122,353 |
Town centre distance | 1.45 miles away1.45 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 1.24 miles away1.24 miles away |
| |
Rental demand | Tenant's marketTenant's market |
Rental growth (12m) | +32%+32% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | +26%+26% |
Property History
Listed for £105,000
January 9, 2025
Description
- Investment Opportunity +
- Tenanted End Terraced House +
- Tenant Pays £600 pcm +
- Situated in a popular area of Leam Lane +
- Spacious Lounge & Dining Kitchen +
- Gardens to the Front & Rear +
- Reference: 460338 +
This investment opportunity offers a tenanted end-terraced house, generating a monthly rental income of £600. Situated on the ever popular Leam Lane development in Gateshead, this property is ideal for investors seeking a reliable income stream and a property with strong tenant appeal. The property layout offers a hallway leading to a spacious lounge and a dining kitchen. The first floor you find two double bedrooms along with a family bathroom. Outdoor there are gardens to the front and rear, offering outdoor areas for tenants. Additional features include double glazing and gas central heating. Located in the highly popular Leam Lane development, the property boasts excellent transport links being close to the A19 and A1, ensuring easy access to key areas. Nearby to local amenities and schools. This property combines strong rental yield potential with the security of an established tenant, making it a perfect addition to any investor's portfolio.
ENTRANCE HALL
With staircase leading to first floor.
LOUNGE 4.31m (14'2) x 3.68m (12'1)
A spacious room with window to front.
DINING KITCHEN 5.92m (19'5) x 2.05m (6'9)
With space for dining, fitted with wall and base units incorporating work tops and inset sink with mixer tap. Windows to rear and exterior door leading out.
FIRST FLOOR LANDING
FRONT BEDROOM 4.95m (16'3) x 2.92m (9'7)
A double bedroom with windows to front.
REAR BEDROOM 3.58m (11'9) x 2.71m (8'11)
A double bedroom with window to rear.
BATHROOM 2.31m (7'7) x 1.64m (5'5)
Suite comprising bath, wash hand basin and low level wc.
EXTERNALLY
Gardens to the front and rear.
Tenure
The property is Freehold.
Tenure
We will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 3 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE10 8SL and mobile coverage is provided by EE, O2, Three. The checker results are predictions and should not be regarded as guaranteed.
Council Tax
The GOV.UK website states the property is Council Tax Band: A
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on
Money Laundering Regulations
Please note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash. You'll also need to provide us with full chain details including agents and solicitors down the chain. To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.
Material Information
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.
EPC Rating: TBC
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