2 Bed Flat, Single Let, Gateshead, NE8 2FF, £217,000

21 Arc Avenue, Ochre Mews, Raven Road, Gateshead, NE8 2FF - 2 months ago

Leasehold
BTL
~68 m²
+14 photos

ValuationOvervalued

Sold Prices£59K - £475K
Sold Prices/m²£900/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£135,220

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£54,250

Stamp Duty & Legal Fees

£7,710

Total Cash In

£61,960

 

 

Cash Out

 

Rent Range

£800 - £1,500

Rent Estimate

£895

Running Costs/mo

£877

Cashflow/mo

£18

Cashflow/yr

£215

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £59K to £475K, average is £150K. £900/m² to £3.8K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£125.5K08/230.2 miApartment 33, Hanover Mill, Hanover Street, Newcastle Upon Tyne, Tyne And Wear NE1 3AB2
£135K09/230.2 miApartment 20, Hanover Mill, Hanover Street, Newcastle Upon Tyne, Tyne And Wear NE1 3AB2
£150K05/240.2 miHanover Mill, Apartment 26, Hanover Street, Newcastle Upon Tyne, Tyne And Wear NE1 3AB2
£155K10/200.22 miApartment 6, Mill House, Hanover Street, Newcastle Upon Tyne, Tyne And Wear NE1 3AG2
£152K06/230.27 mi119, Curzon Place, Gateshead, Tyne And Wear NE8 2ES2
£120K06/230.27 mi116, Curzon Place, Gateshead, Tyne And Wear NE8 2ES2
£140K12/200.27 mi78, Curzon Place, Gateshead, Tyne And Wear NE8 2ES2
£138.1K12/200.27 mi88, Curzon Place, Gateshead, Tyne And Wear NE8 2ES2
£92.5K11/230.27 mi66, Curzon Place, Gateshead, Tyne And Wear NE8 2ES2
£405K03/210.29 miLoft 2, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear NE1 1NA2
£117K11/230.29 mi42, Curzon Place, Gateshead, Tyne And Wear NE8 2ER2
£130K05/230.29 mi30, Curzon Place, Gateshead, Tyne And Wear NE8 2ER2
£265K07/230.3 miLoft 48, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear NE1 1NA2
£475K10/200.3 miLoft 9, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear NE1 1NA2
£200K06/210.3 miLoft 26, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear NE1 1NA2
£405K03/210.34 miLoft 2, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear NE1 1NA2
£106K10/200.41 mi3e, Queen Street, Newcastle Upon Tyne, Tyne And Wear NE1 3UG2
£165K04/240.41 mi23b, Queen Street, Newcastle Upon Tyne, Tyne And Wear NE1 3UG2
£200K02/210.45 mi5, Peppercorn Court, Newcastle Upon Tyne, Tyne And Wear NE1 3HD2
£129K11/200.46 miApartment 314, The Bar, St James Gate, Newcastle Upon Tyne, Tyne And Wear NE1 4BA2
£156K05/240.46 miThe Bar, Apartment 608, St James Gate, Newcastle Upon Tyne, Tyne And Wear NE1 4BA2
£86K01/230.49 mi14, Affleck Street, Gateshead, Tyne And Wear NE8 1QY2
£98K03/230.49 mi70, Windmill Way, Gateshead, Tyne And Wear NE8 1NU2
£59K11/200.53 mi5, Claremont South Avenue, Gateshead, Tyne And Wear NE8 1RJ2
£150K04/240.55 mi55 Degrees North, 8/7, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BG2
£165K02/210.55 mi8/13, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BG2
£270K10/200.55 miP5, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BJ2
£135.8K07/210.55 mi4/14, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BF2
£155K12/220.55 mi5/14, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BF2
£194K08/230.55 mi9/19, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BJ2
£160K07/210.55 mi8/19, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BG2
£315K06/230.55 mi26, Love Lane, Newcastle Upon Tyne, Tyne And Wear NE1 3DW2
£195K12/200.55 mi7, Love Lane, Newcastle Upon Tyne, Tyne And Wear NE1 3DW2
£113.5K11/200.56 mi77c, Grainger Street, Newcastle Upon Tyne, Tyne And Wear NE1 5JF2
£159.5K11/230.56 miApartment 14, Charltons Bonds, Waterloo Street, Newcastle Upon Tyne, Tyne And Wear NE1 4DE2
£115K09/230.56 miApartment 22, Waterloo House, Thornton Street, Newcastle Upon Tyne, Tyne And Wear NE1 4AP2
£185K03/240.57 mi21, Milk Market, Newcastle Upon Tyne, Tyne And Wear NE1 3DN2
£152K06/230.57 mi6, Milk Market, Newcastle Upon Tyne, Tyne And Wear NE1 3DN2
£215K09/230.58 miApartment 409, Pandongate House, City Road, Newcastle Upon Tyne, Tyne And Wear NE1 2AY2
£104K12/200.58 miApartment 5, Waterloo House, Thornton Street, Newcastle Upon Tyne, Tyne And Wear NE1 4AP2
£185K11/220.59 miApartment 101, Pandongate House, City Road, Newcastle Upon Tyne, Tyne And Wear NE1 2AY2
£135K07/230.61 mi12, Charlotte Mews, Newcastle Upon Tyne, Tyne And Wear NE1 4XH2
£135K12/230.61 mi3, Charlotte Mews, Newcastle Upon Tyne, Tyne And Wear NE1 4XH2
£63K12/200.61 mi62, Woodbine Street, Gateshead, Tyne And Wear NE8 1SS2
£152K11/230.64 mi18, Blackfriars Court, Newcastle Upon Tyne, Tyne And Wear NE1 4XB2
£142K05/210.69 miApartment 34, Printworks, Rutherford Street, Newcastle Upon Tyne, Tyne And Wear NE4 5DP2
£160K03/230.69 miApartment 21, Printworks, Rutherford Street, Newcastle Upon Tyne, Tyne And Wear NE4 5DP2
£82.5K03/210.74 mi21, Chaucer Close, Gateshead, Tyne And Wear NE8 3NG2
£90K01/240.74 mi52, Chaucer Close, Gateshead, Tyne And Wear NE8 3NG2
£70K03/240.75 mi20, Ripon Street, Gateshead, Tyne And Wear NE8 4EP2

Local Rents

50 rents from £800/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,30006/240 miOchre Mews, Raven Road, Gateshead, NE8 2FF2
£1,19506/240.01 miOchre Mews, Raven Road, Gateshead, NE82
£1,04506/240.01 miOchre Mews, Raven Road, Gateshead, NE82
£1,22506/240.01 miOchre Mews, Raven Road, Gateshead, NE82
£94503/250.03 mi-2
£1,02006/240.04 miWorsdell Drive, Gateshead, NE82
£1,02006/240.04 miColombo Square, Worsdell Drive, Gateshead2
£1,20010/240.05 mi-2
£1,10006/240.05 miMarmion Court, Worsdell Drive, Gateshead, NE82
£1,20006/240.05 miMarmion Court, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,50003/240.05 miColombo Square, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,00006/240.05 miColombo Square, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,02006/240.05 miColombo Square, Worsdell Drive, Ochre Yards, Gateshead, NE82
£1,02006/240.05 miColombo Square, Worsdell Drive, Ochre Yards, Gateshead, NE82
£89506/240.05 miColombo Square, Gateshead2
£1,02007/240.05 miColombo Square, Worsdell Drive, Gateshead, NE82
£1,20006/240.05 miColombo Square, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£89506/240.05 miColombo Square, Worsdell Drive, Gateshead, Tyne & Wear, NE82
£1,10003/240.06 miCameronian Square, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20003/240.06 miWorsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20006/240.06 miCameronian Square, Ochre Yards, Gateshead, NE82
£92506/240.06 miCameronian Square, Gateshead2
£89506/240.06 miCameronian Square, Ochre Yards, Gateshead, NE82
£1,02007/240.06 miCameronian Square, Ochre Yards, Gateshead, NE82
£92506/240.07 miCameronian Square, Worsdell Drive, Gateshead, Tyne and Wear, NE82
£89506/240.07 miCameronian Square, Worsdell Drive, GATESHEAD, Tyne and Wear, NE82
£1,25003/240.07 miTranquil House, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,35003/240.07 miWorsdell Drive, Gateshead, Tyne And Wear, NE82
£1,15007/240.07 mi-2
£1,35003/250.07 mi-2
£1,15002/250.07 mi-2
£89506/240.07 miCameronian Square, Worsdell Drive, Gateshead2
£1,25006/240.08 miWorsdell Drive, Gateshead, Tyne And Wear, NE82
£1,05006/240.08 miMidlothian Court, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20006/240.08 miWorsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20006/240.08 miFairway Court, Fletcher Road, Gateshead, NE82
£1,15007/240.08 miWorsdell Drive, Gateshead, NE82
£1,25010/240.08 mi-2
£1,30004/240.08 mi-2
£95006/240.08 mi-2
£1,18502/250.08 mi-2
£94006/240.08 miWillbrook House, Worsdell Drive, Gateshead, NE82
£1,45006/240.08 miWillbrook House, Ochre Yards, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20003/240.08 miWillbrook House, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20007/240.08 miWillbrook House, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20007/240.08 miWillbrook House, Worsdell Drive, Gateshead, Tyne And Wear, NE82
£1,20006/240.08 miWorsdell Drive, Gateshead, Tyne And Wear, NE82
£99511/240.08 mi-2
£80006/240.09 miWorsdell Drive, Gateshead2
£1,17506/240.09 miWorsdell Drive, Gateshead2

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

1.90 miles away

Nearest school

0.30 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £217,000

January 22, 2025

Description

  • DUPLEX APARTMENT +
  • GROUND / FIRST FLOOR +
  • TWO DOUBLE BEDROOMS +
  • BATHROOM & EN SUITE TO MASTER BEDROOM +
  • SPACIOUS OPEN PLAN LIVING & DINING ROOM +
  • HIGH SPEC FITTED KITCHEN +
  • PARKING +
  • DOUBLE HEIGHT CEILING TO LIVING & DINING ROOM WITH FEATURE ARCHED WINDOW +
  • CURRENTLY LET FOR £1,150PCM UNTIL 16/12/25, ACHIEVING A RENTAL YIELD OF 6.4% +
  • OCHRE YARDS, GATESHEAD LOCATION +

2 BED DUPLEX APARTMENT WITH PARKING. An excellent, spacious two bedroom duplex apartment in the new Arc Avenue, Ochre Mews development.

The ground / 1st floor property comprises: entrance hall, storage cupboard, double bedroom, bathroom with shower over bath, high spec fitted kitchen, spacious living and dining room with double height ceiling and feature arched window, stairs to landing, mezzanine level master bedroom and en suite shower room.

Further benefits include allocated parking space & intercom. Located on the banks of the River Tyne with excellent access into Newcastle city centre & the Quayside. Currently let for £1,150pcm until 16/12/25, achieving a rental yield of 6.4%.

Agent Details

The Good Estate Agency, Manchester

0161 524 3447

Next Steps?

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