2 Bed Flat, Single Let, Gateshead, NE8 4PT, £82,000

Whitehall Road, Gateshead, Tyne and Wear, NE8 4PT - 2 months ago

Leasehold
BTL
ROI: 10%
~68 m²
+1 photos

ValuationOvervalued

Sold Prices£42.6K - £114.8K
Sold Prices/m²£635/m² - £1.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£77,399

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,500

Stamp Duty & Legal Fees

£3,660

Total Cash In

£24,160

 

 

Cash Out

 

Rent Range

£520 - £3,500

Rent Estimate

£589

Running Costs/mo

£394

Cashflow/mo

£195

Cashflow/yr

£2,339

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £42.6K to £114.8K, average is £74.8K. £635/m² to £1.8K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£58.8K03/210.02 mi31, Hyde Park Street, Gateshead, Tyne And Wear NE8 4QB2
£58.8K03/210.02 mi29, Hyde Park Street, Gateshead, Tyne And Wear NE8 4QB2
£60K03/210.05 mi239, Whitehall Road, Gateshead, Tyne And Wear NE8 4PT2
£58.5K03/240.06 mi157, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£73K04/210.06 mi120, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£70K03/230.06 mi169, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£62K03/240.06 mi45, Saltwell Street, Gateshead, Tyne And Wear NE8 4QX2
£64K01/230.07 mi15, Saltwell Street, Gateshead, Tyne And Wear NE8 4QX2
£86K05/230.1 mi26, Hedley Street, Gateshead, Tyne And Wear NE8 4XN2
£83K04/240.11 mi10, Saltwell Place, Gateshead, Tyne And Wear NE8 4QY2
£87K11/230.11 mi72, Saltwell Place, Gateshead, Tyne And Wear NE8 4QY2
£50.5K12/200.14 mi58, Rawling Road, Gateshead, Tyne And Wear NE8 4QR2
£82K07/210.14 mi25, Macadam Street, Gateshead, Tyne And Wear NE8 4TS2
£62K12/200.15 mi221, Rawling Road, Gateshead, Tyne And Wear NE8 4QU2
£70K09/210.19 mi238, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£75K08/210.19 mi244, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£90K10/210.19 mi76, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£69K04/230.19 mi35, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£55K10/230.19 mi23, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£77K11/200.19 mi78, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£71.8K11/210.22 mi207, Whitehall Road, Gateshead, Tyne And Wear NE8 4PS2
£95K08/230.22 mi26, Curzon Street, Gateshead, Tyne And Wear NE8 1YD2
£106K06/230.22 mi20, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RX2
£94K05/210.23 mi77, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RT2
£73K10/210.24 mi24, Bensham Avenue, Gateshead, Tyne And Wear NE8 1XT2
£42.6K03/210.24 mi36, Bensham Avenue, Gateshead, Tyne And Wear NE8 1XT2
£79K08/210.25 mi38, Maxwell Street, Gateshead, Tyne And Wear NE8 4TX2
£60K03/210.25 mi14, Maxwell Street, Gateshead, Tyne And Wear NE8 4TX2
£80.5K09/230.25 mi34, St Aidans Street, Gateshead, Tyne And Wear NE8 1YA2
£71K09/230.26 mi97, Rectory Road, Gateshead, Tyne And Wear NE8 1XJ2
£79K04/210.26 mi229, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£103K10/200.26 mi291, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£65K12/200.26 mi82, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NG2
£97K06/230.27 mi106, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NX2
£81K06/210.27 mi20, Arkwright Street, Gateshead, Tyne And Wear NE8 4TY2
£83.3K07/230.27 mi17, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NU2
£80K04/230.28 mi93, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RU2
£62.5K05/210.29 mi52, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£55.5K02/210.29 mi30, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£54K12/220.3 mi69, Lobley Hill Road, Gateshead, Tyne And Wear NE8 4XB2
£55.3K10/230.3 mi113, Lobley Hill Road, Gateshead, Tyne And Wear NE8 4XB2
£55.3K10/230.3 mi115, Lobley Hill Road, Gateshead, Tyne And Wear NE8 4XB2
£88K07/230.31 mi35, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£87K12/220.32 mi89, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£90K07/210.34 mi169, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NR2
£114.8K08/230.35 mi28, Saltwell View, Gateshead, Tyne And Wear NE8 4NT2
£91.5K04/240.35 mi123, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NJ2
£74.5K04/210.36 mi275, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NS2
£96K11/210.38 mi223, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£85K11/210.38 mi163, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2

Local Rents

50 rents from £520/mo to £3.5K/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£89509/240.03 mi-2
£75007/240.04 miWestminster Street, Gateshead2
£55001/240.05 mi-2
£59003/250.05 mi-2
£60011/240.05 mi-2
£72507/240.05 miWhitehall Road, Bensham, Gateshead, Tyne And Wear, NE82
£79506/240.06 miWhitehall Road, Gateshead, NE82
£85005/230.06 mi-2
£63011/230.07 mi-2
£75003/250.07 mi-2
£75009/230.07 mi-2
£70002/240.07 mi-2
£60008/240.07 mi-2
£70006/230.09 mi-2
£67503/250.09 mi-2
£52009/230.1 mi-2
£70006/240.13 mi-2
£70001/250.13 mi-2
£59506/240.14 miRayleigh Grove, Gateshead, NE82
£62502/250.15 mi-2
£59507/240.16 mi-2
£59503/250.16 mi-2
£65007/240.17 mi-2
£59503/250.17 mi-2
£3,50003/250.18 mi-2
£67506/240.19 miNewbury Avenue, Gateshead, Tyne and Wear, NE82
£65006/240.19 miRectory Road, Bensham, Gateshead, Tyne and Wear, NE8 4RQ2
£62508/240.2 mi-2
£59507/230.21 mi-2
£67502/250.21 mi-2
£65012/240.21 mi-2
£75006/240.22 mi-2
£69512/240.22 mi-2
£75006/240.22 miBrighton Road, Gateshead, NE82
£65006/240.22 miBalfour Street, Gateshead, NE82
£63002/250.22 mi-2
£59007/230.22 mi-2
£69507/240.22 miFern Dene Road, Gateshead, NE82
£3,50003/250.22 mi-2
£67504/240.23 mi-2
£65007/240.23 miBrighton Road, Gateshead2
£59503/240.24 mi-2
£85007/240.24 mi183 Rectory Road, Gateshead, Tyne And Wear, NE82
£69503/250.24 mi-2
£95006/240.24 miFern Dene Road, Gateshead, NE82
£79506/240.24 miSaltwell Road, Gateshead, NE82
£82509/240.24 mi-2
£79903/250.24 mi-2
£82002/240.25 mi-2
£65006/240.25 miMaxwell Street, Gateshead, Tyne And Wear, NE82

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

1.28 miles away

Nearest school

0.10 miles away

Nearest train station

1.08 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £82,000

January 23, 2025

Floor Plans

Description

  • Ground Floor Flat +
  • Two Bedrooms +
  • UPVC Double Glazing +
  • Gas Central Heating +
  • Handy Location +

Located in a popular location, this two bedroom ground floor flat it ideal for a first time buyer, somebody downsizing or a rental opportunity, as it is located close to local amenities, and has good public transport links into Gateshead, Newcastle and the Team Valley Trading Estate. Features include gas central heating, UPVC and double glazing. The accommodation comprises of an entrance hall, lounge, two bedroom, kitchen, bathroom and yard to the rear.

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 958

Agent Details

Pattinson Estate Agents, Low Fell

0191 625 0999

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪