2 Bed Flat, Single Let, Gateshead, NE9 6HZ, £115,000

Forster Court, Low Fell, Durham Road, Gateshead, Tyne And Wear, NE9 6HZ - 3 views - 2 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~68 m²
+14 photos

ValuationUndervalued

Sold Prices£46K - £180K
Sold Prices/m²£921/m² - £2.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.7K/m²

Value Estimate

£128,209
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,650

Total Cash In

£33,400

 

 

Cash Out

 

Rent Range

£595 - £1,750

Rent Estimate

£666

Running Costs/mo

£513

Cashflow/mo

£153

Cashflow/yr

£1,841

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £46K to £180K, average is £119.3K. £921/m² to £2.6K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£80K03/210.03 mi623, Durham Road, Gateshead, Tyne And Wear NE9 5HA2
£80K03/210.03 mi623, Durham Road, Gateshead, Tyne And Wear NE9 5HA2
£134.5K12/200.06 mi28, Earls Drive, Gateshead, Tyne And Wear NE9 6AA2
£158K02/230.06 mi18, Earls Drive, Gateshead, Tyne And Wear NE9 6AA2
£148.5K07/230.11 mi8, Worley Avenue, Gateshead, Tyne And Wear NE9 6AL2
£157K07/210.11 mi32, Worley Avenue, Gateshead, Tyne And Wear NE9 6AL2
£170K10/230.11 mi34, Worley Avenue, Gateshead, Tyne And Wear NE9 6AL2
£124K04/210.14 mi28, Wesley Street, Gateshead, Tyne And Wear NE9 5YN2
£120K03/230.16 mi29, Wesley Street, Gateshead, Tyne And Wear NE9 5UX2
£113K03/230.19 mi37, Robson Street, Gateshead, Tyne And Wear NE9 5UY2
£110K03/210.19 mi12, St Thomas Street, Gateshead, Tyne And Wear NE9 5XA2
£120K06/210.19 mi187, Kells Lane, Gateshead, Tyne And Wear NE9 5HS2
£88K03/210.22 mi116, Kells Lane, Gateshead, Tyne And Wear NE9 5HY2
£118K03/210.22 mi39, Dean Street, Gateshead, Tyne And Wear NE9 5XL2
£117K10/200.22 mi50, Dean Street, Gateshead, Tyne And Wear NE9 5XL2
£127.5K03/210.22 mi33, Dean Street, Gateshead, Tyne And Wear NE9 5XL2
£125K08/230.24 mi11, Louie Terrace, Gateshead, Tyne And Wear NE9 5XH2
£118.6K05/240.24 mi64, Beacon Street, Gateshead, Tyne And Wear NE9 5XN2
£160K07/230.24 mi66, Beacon Street, Gateshead, Tyne And Wear NE9 5XN2
£105K02/240.25 mi6, Briermede Park, Gateshead, Tyne And Wear NE9 6AF2
£105K02/240.25 mi5, Briermede Park, Gateshead, Tyne And Wear NE9 6AF2
£88.5K01/210.25 mi11, Briermede Park, Gateshead, Tyne And Wear NE9 6AF2
£150K06/230.31 mi104, Saltwell Road South, Gateshead, Tyne And Wear NE9 6EY2
£180K06/210.34 mi2 - 4, Denewell Avenue, Gateshead, Tyne And Wear NE9 5HD2
£128K02/210.41 mi35, Melrose Avenue, Gateshead, Tyne And Wear NE9 5YD2
£147K12/230.41 mi25, Melrose Avenue, Gateshead, Tyne And Wear NE9 5YD2
£85K11/220.53 mi8, Carnforth Gardens, Gateshead, Tyne And Wear NE9 6YE2
£101K01/230.56 mi9, Florence Avenue, Gateshead, Tyne And Wear NE9 5SQ2
£99K02/210.57 mi1, Southend Road, Gateshead, Tyne And Wear NE9 6XR2
£120K12/220.57 mi25, Southend Road, Gateshead, Tyne And Wear NE9 6XR2
£91K01/210.58 mi7, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY2
£105K10/200.58 mi25, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY2
£115K03/210.58 mi29, Kells Lane, Gateshead, Tyne And Wear NE9 5SJ2
£150.1K02/230.58 mi28, Kells Lane, Gateshead, Tyne And Wear NE9 5SJ2
£80K05/210.61 mi3, Bodmin Court, Gateshead, Tyne And Wear NE9 6UP2
£46K06/210.62 mi27, Crosby Gardens, Gateshead, Tyne And Wear NE9 6NJ2
£82K07/210.63 mi16, Newby Place, Gateshead, Tyne And Wear NE9 6YJ2
£93K08/210.64 mi9, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£79K02/210.64 mi14, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£83K02/230.64 mi19, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£84K10/230.64 mi16, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£98K08/230.64 mi9, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£125K02/210.65 mi32, Beverley Road, Gateshead, Tyne And Wear NE9 5UH2
£129K11/220.65 mi17, Beverley Road, Gateshead, Tyne And Wear NE9 5UH2
£133.6K10/230.66 mi7, Olive Gardens, Gateshead, Tyne And Wear NE9 5UN2
£140K09/230.66 mi22, Olive Gardens, Gateshead, Tyne And Wear NE9 5UN2
£126K04/210.66 mi7, Olive Gardens, Gateshead, Tyne And Wear NE9 5UN2
£142K10/230.66 mi6, Olive Gardens, Gateshead, Tyne And Wear NE9 5UN2
£142K10/230.66 mi4, Olive Gardens, Gateshead, Tyne And Wear NE9 5UN2
£125K04/210.66 mi14, Salkeld Road, Gateshead, Tyne And Wear NE9 5UD2

Local Rents

30 rents from £595/mo to £1.8K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£75007/240.05 miEarls Drive, Gateshead2
£79507/240.07 miEarls Drive, Low Fell, NE92
£75003/240.09 mi-2
£75003/240.09 mi-2
£75006/240.11 miDurham Road, Low Fell, Gateshead, NE92
£1,75003/230.12 mi-2
£85006/240.13 miDurham Road, Low Fell, NE92
£75006/240.17 miJessel Street, Gateshead2
£77506/240.19 miSt. Thomas Street, Gateshead2
£70007/240.21 mi-2
£70006/240.21 miLow Fell, Gateshead, NE92
£75002/240.22 mi-2
£95006/240.22 miDean Street, Low Fell, Gateshead, NE92
£1,55003/230.26 mi-2
£79507/240.27 miPopplewell Gardens, Low Fell2
£75006/240.34 miDovedale Gardens, Gateshead, NE9 6NT2
£75006/240.34 miDovedale Gardens, Gateshead, NE9 6NT2
£99507/240.35 miWhinney Park, Low Fell2
£85006/240.38 miLanthwaite Road, Gateshead2
£85006/240.41 miLoweswater Road, Low Fell, Gateshead2
£77506/240.55 miGrove Road, Low Fell, NE92
£75006/240.55 miSouthend Road, Sheriff Hill, Gateshead, NE92
£60006/240.56 miGrisedale Gardens, Low Fell, Gateshead, NE92
£67506/240.56 miSouthend Road, Gateshead2
£75006/240.57 miSouthend Road, Low Fell, Gateshead, Tyne And Wear, NE92
£77506/240.6 miPenrith Gardens, Low Fell2
£59507/240.61 miBodmin Court, Gateshead, Tyne and Wear, NE92
£76006/240.61 miBeverley Crescent, Low Fell2
£75006/240.62 miCrosby Gardens, Lyndhurst, Gateshead, NE92
£75006/240.62 miCrosby Gardens, Lyndhurst, Gateshead, NE92

Local Area Statistics

Population in NE9

37,590

Population in Gateshead

122,353

Town centre distance

0.73 miles away

Nearest school

0.20 miles away

Nearest train station

1.75 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-41%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £115,000

January 22, 2025

Description

  • NO ONWARD CHAIN +
  • FIRST FLOOR APARTMENT +
  • TWO DOUBLE BEDROOMS +
  • STYLISH FITTED KITCHEN +
  • INTERCOM ENTRY SYSTEM +
  • CENTRAL LOW FELL POSITION +
  • RESIDENTS PARKING +
  • COUNCIL TAX BAND C +
  • AMAZING FAR REACHING VIEWS +

*OFFERED FOR SALE WITH VACANT POSSESSION & NO ONWARD CHAIN*

Two bedroom first floor apartment set within the desirable Foster Court development located in the heart of sought after Low Fell. The property with amazing far reaching views, will particularly appeal to a professional person or couple or indeed those wishing to down-size from a larger property.

Benefiting from an intercom communal entrance, the property itself comprises a generous lounge, two double bedrooms, shower room / WC and stylish modern fully fitted kitchen.
Externally there are communal grounds and private car parking.

Only a few minutes walking distance from the centre of Low Fell any prospective purchaser will enjoy the variety and choice of restaurants, cafes, bars and shopping facilities that this sought after area has to offer.
Excellent road links throughout the region as well as a frequent bus service which connects into Gateshead Metro station for easy onward travel.

A lovely property that we have no hesitation in recommending to the sales market.

COMMUNAL ENTRANCE HALL
Accessed via a secure intercom system. Stairs leading to the first floor.

HALLWAY
9' 5" x 10' 11" (2.884m x 3.334m)
Access into the apartment is via a wooden front door (Fire door) leading into welcoming and well presented entrance hallway with high gloss laminate flooring and decorated in neutral tones. Warmed via a electric wall heater and useful built in storage cupboard housing water tank.

LIVING ROOM
14' 9" x 9' 10" (4.511m x 3.001m)
Good size reception room decorated in neutral colour and fitted with high gloss laminate flooring. Wall mounted electric heater, intercom system and double glazed window with fitted blinds offering fabulous views.

KITCHEN
5' 2" x 12' 1" (1.595m x 3.697m)
A beautiful range of stylish high gloss grey wall and base kitchen units with contrasting work surfaces. Integrated hob, oven, microwave and angled extractor hood. The room also boasts integrated fridge freezer, dishwasher and washing machine. Stainless steel sink and drainer unit, partial PVC walls and high gloss laminate flooring. The room has a double glazed window with fitted roller blind.

BEDROOM ONE
12' 2" x 9' 5" (3.730m x 2.894m)
Warmed via a wall mounted electric heater, this double bedroom has fitted sliding door wardrobes, high gloss laminate flooring and neutral décor. Double glazed window with fitted blind.

BEDROOM TWO
9' 10" x 9' 7" (3.010m x 2.940m)
Double glazed window offering views over the front elevation. Wall mounted electric heater, high gloss laminate flooring and fitted blind.

SHOWER ROOM
7' 0" x 6' 4" (2.154m x 1.950m)
Immaculately presented stylish shower room comprising walk in shower enclosure with double head rain fall shower. Built in white high gloss vanity unit incorporating hand basin, WC and storage. Chrome towel warmer, extractor fan and PVC ceiling with fitted down lights. PVC walls and vinyl flooring.

EXTERNALLY
Externally there are communal grounds and private car parking.

DISCLAIMER
These details have been prepared by our agency staff using both information provided to us by the vendor and following internal inspection. Please be advised particulars may still be awaiting verification and approval from the vendors and therefore should not be relied for anything other than general information. Fixtures and fittings included are to be agreed with the vendor and any photographs or mention of fitted appliances does not imply they are in working order. Internal measurements are taken as a guide only for prospective purchasers and may not be precise. Please call our office for further detailed information on any points if unclear, in order for us to gain clarification from the vendor.

Agent Details

Belle Vue Estates, Low Fell

0191 625 0195

Next Steps?

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