2 Bed Flat, Single Let, Gateshead, NE10 0QL, £59,000
York Street, Gateshead, NE10 0QL - 2 months ago
BTL
ROI: 17%
~68 m²





+4 photos
ValuationUndervalued
Sold Prices | £53K - £126.5K |
Sold Prices/m² | £802/m² - £1.7K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £866/m² |
Value Estimate | £71,390 |
BMV | 21% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £14,750 |
Stamp Duty & Legal Fees | £4,150 |
Total Cash In | £18,900 |
| |
Cash Out | |
Rent Range | £475 - £775 |
Rent Estimate | £596 |
Running Costs/mo | £324 |
Cashflow/mo | £272 |
Cashflow/yr | £3,269 |
ROI | 17% |
Gross Yield | 12% |
Local Sold Prices
34 sold prices from £53K to £126.5K, average is £82.5K. £802/m² to £1.7K/m², average is £1.2K/m².
Local Rents
14 rents from £475/mo to £775/mo, average is £650/mo.
Local Area Statistics
Population in NE10 | 35,991 |
Population in Gateshead | 122,353 |
Town centre distance | 1.80 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 0.30 miles away |
| |
Rental demand | Tenant's market |
Rental growth (12m) | +32% |
Sales demand | Seller's market |
Capital growth (5yrs) | +26% |
Property History
Listed for £59,000
January 11, 2025
Description
Similar Properties
Like this property? Maybe you'll like these ones close by too.
Under Offer
2 Bed House, Single Let, Gateshead, NE10 0XY
£69,000
5 months ago • 68 m²
Sold STC
2 Bed Flat, Single Let, Gateshead, NE10 0XX
£85,000
1 views • 6 months ago • 68 m²
Sold STC
2 Bed Flat, Single Let, Gateshead, NE10 0XX
£80,000
3 views • 2 months ago • 68 m²
Sold STC
2 Bed Flat, Single Let, Gateshead, NE10 0QN
£90,000
4 months ago • 68 m²