2 Bed Flat, Single Let, Gateshead, NE8 1NU, £117,000

Windmill Way, Village Heights, Gateshead, NE8 1NU - 2 months ago

Leasehold
BTL
ROI: 3%
~68 m²
+17 photos

ValuationOvervalued

Sold Prices£40K - £145K
Sold Prices/m²£635/m² - £1.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.7K/m²

Value Estimate

£76,359

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£29,250

Stamp Duty & Legal Fees

£7,050

Total Cash In

£36,300

 

 

Cash Out

 

Rent Range

£575 - £3,500

Rent Estimate

£595

Running Costs/mo

£505

Cashflow/mo

£90

Cashflow/yr

£1,085

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £40K to £145K, average is £79.5K. £635/m² to £1.9K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£98K03/230 mi70, Windmill Way, Gateshead, Tyne And Wear NE8 1NU2
£63K12/200.19 mi62, Woodbine Street, Gateshead, Tyne And Wear NE8 1SS2
£86K01/230.23 mi14, Affleck Street, Gateshead, Tyne And Wear NE8 1QY2
£59K11/200.24 mi5, Claremont South Avenue, Gateshead, Tyne And Wear NE8 1RJ2
£73K10/210.27 mi24, Bensham Avenue, Gateshead, Tyne And Wear NE8 1XT2
£42.6K03/210.27 mi36, Bensham Avenue, Gateshead, Tyne And Wear NE8 1XT2
£80.5K09/230.27 mi34, St Aidans Street, Gateshead, Tyne And Wear NE8 1YA2
£71K09/230.35 mi97, Rectory Road, Gateshead, Tyne And Wear NE8 1XJ2
£95K08/230.37 mi26, Curzon Street, Gateshead, Tyne And Wear NE8 1YD2
£50.5K12/200.38 mi58, Rawling Road, Gateshead, Tyne And Wear NE8 4QR2
£70K09/210.41 mi238, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£75K08/210.41 mi244, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£71.8K11/210.42 mi207, Whitehall Road, Gateshead, Tyne And Wear NE8 4PS2
£83K04/240.43 mi10, Saltwell Place, Gateshead, Tyne And Wear NE8 4QY2
£87K11/230.43 mi72, Saltwell Place, Gateshead, Tyne And Wear NE8 4QY2
£64K01/230.44 mi15, Saltwell Street, Gateshead, Tyne And Wear NE8 4QX2
£70K03/240.44 mi20, Ripon Street, Gateshead, Tyne And Wear NE8 4EP2
£62K03/240.45 mi45, Saltwell Street, Gateshead, Tyne And Wear NE8 4QX2
£65K12/200.46 mi82, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NG2
£83.3K07/230.46 mi17, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NU2
£62.5K05/210.47 mi52, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£55.5K02/210.47 mi30, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£60K03/210.47 mi239, Whitehall Road, Gateshead, Tyne And Wear NE8 4PT2
£87K12/220.48 mi89, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£88K07/230.48 mi35, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£58.5K03/240.49 mi157, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£73K04/210.49 mi120, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£70K03/230.49 mi169, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£58.8K03/210.5 mi31, Hyde Park Street, Gateshead, Tyne And Wear NE8 4QB2
£58.8K03/210.5 mi29, Hyde Park Street, Gateshead, Tyne And Wear NE8 4QB2
£140K06/230.51 mi16, Exeter Street, Gateshead, Tyne And Wear NE8 4EY2
£95K10/230.51 mi51, Exeter Street, Gateshead, Tyne And Wear NE8 4EY2
£145K07/230.51 mi42, Exeter Street, Gateshead, Tyne And Wear NE8 4EY2
£86K05/230.52 mi26, Hedley Street, Gateshead, Tyne And Wear NE8 4XN2
£97K06/230.55 mi106, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NX2
£91.5K04/240.57 mi123, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NJ2
£79K04/210.58 mi229, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£103K10/200.58 mi291, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£94K05/210.59 mi77, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RT2
£106K06/230.6 mi20, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RX2
£62K12/200.6 mi221, Rawling Road, Gateshead, Tyne And Wear NE8 4QU2
£83K06/230.62 mi7, Shipley Court, Gateshead, Tyne And Wear NE8 4EZ2
£80K08/230.62 mi10, Shipley Court, Gateshead, Tyne And Wear NE8 4EZ2
£90K07/210.63 mi169, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NR2
£40K10/230.63 mi59, Wooler Crescent, Gateshead, Tyne And Wear NE8 2TP2
£96K11/210.64 mi223, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£101K09/230.64 mi183, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£85K11/210.64 mi163, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£54K12/220.65 mi69, Lobley Hill Road, Gateshead, Tyne And Wear NE8 4XB2
£82K07/210.65 mi25, Macadam Street, Gateshead, Tyne And Wear NE8 4TS2

Local Rents

50 rents from £575/mo to £3.5K/mo, average is £905/mo.

RentDateDistanceAddressBeds 
£74011/240 mi-2
£75006/240.02 miWindmill Way, Gateshead, Tyne and Wear2
£76001/250.03 mi-2
£72502/250.12 mi-2
£3,50003/250.17 mi-2
£65007/240.19 mi-2
£65007/240.19 miWoodbine Street, Gateshead, NE82
£1,10006/240.19 mi-2
£1,05001/250.19 mi-2
£1,01010/230.2 mi-2
£1,15010/240.2 mi-2
£69506/240.2 miWoodbine Street, Bensham, Gateshead2
£65007/240.21 miWoodbine Street, Gateshead, NE82
£1,85006/240.23 mi-2
£1,85012/240.23 mi-2
£1,75003/250.23 mi-2
£78507/240.23 miAffleck Street, Gateshead, NE82
£78507/240.23 mi-2
£80005/240.25 mi-2
£70001/250.25 mi-2
£62504/240.26 mi-2
£62512/240.26 mi-2
£1,45007/240.26 miOchre Mews, Raven Road, Gateshead, Newcastle upon Tyne2
£1,95006/240.26 mi-2
£1,95007/240.26 mi-2
£1,95001/250.26 mi-2
£1,85002/250.26 mi-2
£1,75003/250.26 mi-2
£57501/250.27 mi-2
£65006/240.31 miBalfour Street, Gateshead, NE82
£3,50003/250.32 mi-2
£3,50003/250.36 mi-2
£65007/240.36 mi-2
£59503/250.36 mi-2
£59507/230.37 mi-2
£67502/250.37 mi-2
£59507/240.37 mi-2
£59503/250.37 mi-2
£1,30006/240.39 miWorsdell Drive, Gateshead, Tyne And Wear, NE82
£1,10003/240.39 miWorsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20006/240.39 miTrigo House, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,30006/240.39 miTrigo House, Gateshead, Tyne And Wear, NE82
£1,20003/240.39 miWorsdell Drive, Gateshead, Tyne And Wear, NE82
£1,30003/240.39 miBittern House, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20006/240.39 miBittern House, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£59511/230.4 mi-2
£1,17506/240.41 miWorsdell Drive, Gateshead2
£62502/250.41 mi-2
£65006/240.42 miPrince Consort Road, Bensham, Gateshead, Tyne And Wear, NE82
£1,30004/240.42 mi-2

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

1.57 miles away

Nearest school

0.30 miles away

Nearest train station

0.83 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £117,000

February 20, 2025

Listed for £120,000

January 10, 2025

Description

  • Two Double Bedrooms +

  • Modern Apartment +

  • Intercom Entry System +

  • Allocated Parking Space +

  • Council Tax Band A +

  • EPC Rating C +

Exceptionally smart apartment with an allocated parking space. PERFECTLY PLACED for access to Gateshead and Newcastle City Centre with their array of shops, bars and restaurants, as well as for access to major road links and transport services which provide commuter links to the surrounding areas. Accessed via a SECURE INTERCOM ENTRY SYSTEM, the apartment itself boasts an attractive lounge/diner with patio doors to a JULIET BALCONY, fitted kitchen, two well-proportioned bedrooms and a BEAUTIFULLY APPOINTED BATHROOM.

Agent Details

Sarah Mains Residential Sales and Lettings, Low Fell

0191 625 0805

Next Steps?

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