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
BMV21%

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.

PriceDateDistanceAddressBeds 
£77.5K12/200 mi34, York Street, Pelaw, Gateshead, Tyne And Wear NE10 0QL2
£86K06/220.01 mi36, York Street, Pelaw, Gateshead, Tyne And Wear NE10 0QL2
£74K06/220.02 mi18, York Street, Pelaw, Gateshead, Tyne And Wear NE10 0QL2
£90K08/230.06 mi18, Portland Street, Gateshead, Tyne And Wear NE10 0XX2
£68K02/210.06 mi11, Portland Street, Gateshead, Tyne And Wear NE10 0XX2
£94K06/210.07 mi12, Princess Street, Pelaw, Gateshead, Tyne And Wear NE10 0QT2
£76K10/220.07 mi30, Princess Street, Pelaw, Gateshead, Tyne And Wear NE10 0QT2
£91.5K02/230.09 mi8, George Street, Gateshead, Tyne And Wear NE10 0XT2
£65K11/200.13 mi37, Gosforth Terrace, Gateshead, Tyne And Wear NE10 0YL2
£70.5K10/200.15 mi1, Greenfield Terrace, Gateshead, Tyne And Wear NE10 0YH2
£72.5K06/230.15 mi11, Greenfield Terrace, Gateshead, Tyne And Wear NE10 0YH2
£70.5K10/200.15 mi1, Greenfield Terrace, Gateshead, Tyne And Wear NE10 0YH2
£81K02/230.15 mi18, George Street, Gateshead, Tyne And Wear NE10 0XT2
£80K03/210.16 mi21, Gosforth Terrace, Gateshead, Tyne And Wear NE10 0RA2
£53K07/230.16 mi8, Gosforth Terrace, Gateshead, Tyne And Wear NE10 0RA2
£80K02/210.17 mi22, Cartmel Park, Pelaw, Gateshead, Tyne And Wear NE10 0UZ2
£95K08/230.17 mi28, Cartmel Park, Pelaw, Gateshead, Tyne And Wear NE10 0UZ2
£126.5K07/220.24 mi24, Galloway Road, Gateshead, Tyne And Wear NE10 0BF2
£92.5K03/230.26 mi64, Galloway Road, Gateshead, Tyne And Wear NE10 0BF2
£87K03/230.27 mi37, Croxdale Terrace, Gateshead, Tyne And Wear NE10 0RR2
£110K08/220.3 mi40, Lauder Way, Pelaw, Gateshead, Tyne And Wear NE10 0BG2
£99.5K08/220.3 mi50, Lauder Way, Pelaw, Gateshead, Tyne And Wear NE10 0BG2
£84K10/210.3 mi54, Lauder Way, Pelaw, Gateshead, Tyne And Wear NE10 0BG2
£76K03/210.38 mi12, Hainingwood Terrace, Gateshead, Tyne And Wear NE10 0UE2
£91.8K09/220.39 mi17, Wood Terrace, Gateshead, Tyne And Wear NE10 0UD2
£85K06/210.4 mi15, Wood Terrace, Gateshead, Tyne And Wear NE10 0UD2
£74K08/210.4 mi17, Station Road, Bill Quay, Gateshead, Tyne And Wear NE10 0UH2
£70K10/220.4 mi9, Station Road, Bill Quay, Gateshead, Tyne And Wear NE10 0UH2
£85K12/200.46 mi35, Brack Terrace, Gateshead, Tyne And Wear NE10 0TT2
£85K12/200.49 mi2, Stowell Terrace, Gateshead, Tyne And Wear NE10 0NX2
£96.5K06/230.49 mi4, Stowell Terrace, Gateshead, Tyne And Wear NE10 0NX2
£110K11/220.57 mi24, Woodgate Lane, Gateshead, Tyne And Wear NE10 0TD2
£55K10/210.9 mi6, Stainton Drive, Gateshead, Tyne And Wear NE10 9QT2
£66K01/230.94 mi48, The Avenue, Felling, Gateshead, Tyne And Wear NE10 0JA2

Local Rents

14 rents from £475/mo to £775/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£65006/240.03 miYork Street, Pelaw, Gateshead, Tyne and Wear , NE10 0QL2
£59010/230.04 mi-2
£65007/240.05 miDuke Street, Pelawm Gateshead2
£65006/240.05 miQueen Victoria Street, Gateshead, Tyne and Wear2
£72511/230.05 mi-2
£47505/240.07 miQueen Victoria Street, Gateshead2
£65006/240.07 miPortland Street, Pelaw, Gateshead2
£77505/240.13 miWynn Gardens, Pelaw, Gateshead, Tyne and Wear, NE10 0YN2
£65002/250.18 mi-2
£67507/240.18 miFisherwell Road, Pelaw2
£77505/240.29 miRydal, Gateshead2
£60006/240.43 miSouth Parade, Gateshead, NE102
£69507/240.45 miBrack Terrace, Bill Quay, Gateshead2
£75005/240.46 miSt. Marys Terrace, Heworth, Gateshead, Tyne and Wear, NE10 0NY2

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

MUST BE SOLD AS A PAIR WITH THE UPSTAIRS FLAT
Both properties are on 1 Title Register so must be sold together
Investment opportunity Daniel craig residential brings to the market a 2 bed ground floor flat in need of total refurbishment.  The property consists of a large double bedroom to the front of the property with a bay window. There is smaller second bedroom at the rear of the property.  The living room is situated in the middle of the flat with the kitchen and bathroom at the rear of the property. There is a shared back yard flat with the upstairs which is owned by the same vendor.  As stated earlier, this flat is in total need of refurbishment from top to bottom. 
FREEHOLD

Agent Details

Daniel Craig Residential, Gateshead

0191 265 6555

Next Steps?

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