2 Bed Flat, Single Let, Gateshead, NE8 4NY, £90,000

221 Windsor Avenue, Bensham, Gateshead, Tyne & Wear, NE8 4NY - 2 months ago

Leasehold
BTL
ROI: 10%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£53K - £160K
Sold Prices/m²£795/m² - £2.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£85,756

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Total Cash In

£26,400

 

 

Cash Out

 

Rent Range

£590 - £3,500

Rent Estimate

£644

Running Costs/mo

£430

Cashflow/mo

£214

Cashflow/yr

£2,567

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £53K to £160K, average is £84.3K. £795/m² to £2.1K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£90K07/210.04 mi169, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NR2
£79K04/210.05 mi229, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£103K10/200.05 mi291, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£74.5K04/210.06 mi275, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NS2
£94K05/210.08 mi77, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RT2
£97K06/230.08 mi106, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NX2
£96K11/210.08 mi223, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£101K09/230.08 mi183, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£85K11/210.08 mi163, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£104K01/230.08 mi231, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NN2
£106K06/230.09 mi20, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RX2
£114.8K08/230.09 mi28, Saltwell View, Gateshead, Tyne And Wear NE8 4NT2
£80K04/230.09 mi93, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RU2
£120K06/230.1 mi249, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NN2
£91.5K04/240.11 mi123, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NJ2
£95K09/210.13 mi159, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£84K02/210.13 mi190, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£68K02/210.13 mi143, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£96K10/230.13 mi146, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£100K06/230.13 mi159, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£78K07/230.13 mi162, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£115K12/230.13 mi186, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£53K11/200.15 mi85, Rodsley Avenue, Gateshead, Tyne And Wear NE8 4LA2
£84.5K02/230.15 mi17, Rodsley Avenue, Gateshead, Tyne And Wear NE8 4JY2
£61K10/200.15 mi83, Rodsley Avenue, Gateshead, Tyne And Wear NE8 4JY2
£65K12/200.16 mi82, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NG2
£88K07/230.17 mi35, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£83.3K07/230.17 mi17, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NU2
£62.5K05/210.17 mi52, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£55.5K02/210.17 mi30, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£87K12/220.17 mi89, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£62K12/200.19 mi221, Rawling Road, Gateshead, Tyne And Wear NE8 4QU2
£71.8K11/210.21 mi207, Whitehall Road, Gateshead, Tyne And Wear NE8 4PS2
£112K05/230.21 mi131, Avenue Road, Gateshead, Tyne And Wear NE8 4JH2
£90K10/210.21 mi76, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£69K04/230.21 mi35, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£55K10/230.21 mi23, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£77K11/200.21 mi78, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£95K08/210.23 mi14, Silverdale Terrace, Gateshead, Tyne And Wear NE8 4JL2
£70K09/210.23 mi238, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£75K08/210.23 mi244, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£94K01/230.24 mi4, Cotterdale Avenue, Gateshead, Tyne And Wear NE8 4JP2
£58.5K03/240.26 mi157, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£73K04/210.26 mi120, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£70K03/230.26 mi169, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£95K08/230.27 mi26, Curzon Street, Gateshead, Tyne And Wear NE8 1YD2
£71K09/230.28 mi97, Rectory Road, Gateshead, Tyne And Wear NE8 1XJ2
£60K03/210.28 mi239, Whitehall Road, Gateshead, Tyne And Wear NE8 4PT2
£160K12/220.29 mi10, William Wailes Walk, Gateshead, Tyne And Wear NE9 5EW2
£58.8K03/210.29 mi31, Hyde Park Street, Gateshead, Tyne And Wear NE8 4QB2

Local Rents

53 rents from £590/mo to £3.5K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£64010/240.02 mi-2
£62510/230.03 mi-2
£75001/250.03 mi-2
£67506/240.04 miWindsor Avenue, Gateshead2
£70006/240.06 miWestbourne Avenue, Gateshead2
£82002/240.06 mi-2
£95006/240.07 miFern Dene Road, Gateshead, NE82
£75006/240.08 miEastbourne Avenue, Gateshead, NE82
£65006/240.08 mi-2
£67504/240.08 mi-2
£69507/240.09 miFern Dene Road, Gateshead, NE82
£72506/240.09 miSaltwell View, Gateshead, Tyne And Wear, NE82
£69503/250.09 mi-2
£80008/240.1 mi-2
£80006/240.1 miWestbourne Avenue, Gateshead, NE82
£80009/240.1 mi-2
£65007/240.1 miBrighton Road, Gateshead2
£69507/240.1 miWindsor Avenue, Gateshead2
£75006/240.1 miBrighton Road, Gateshead, NE82
£75006/240.1 mi-2
£69512/240.1 mi-2
£59007/230.1 mi-2
£75004/240.11 mi-2
£1,85006/240.12 mi-2
£1,85006/240.12 mi-2
£1,85006/240.12 mi-2
£1,85012/240.12 mi-2
£1,85012/240.12 mi-2
£1,85012/240.12 mi-2
£1,85012/240.12 mi-2
£1,75003/250.12 mi-2
£72507/240.13 miBrinkburn Avenue, Bensham, Gateshead, Tyne And Wear, NE82
£70006/240.14 miBrinkburn Avenue, Saltwell2
£65007/240.14 miRodsley Avenue, Gateshead2
£65007/240.14 miBrinkburn Avenue, Gateshead2
£67506/240.14 mi-2
£3,50003/250.15 mi-2
£69506/240.15 miRodsley Avenue, Gateshead, NE82
£75002/240.15 mi-2
£67505/240.15 mi-2
£65012/240.16 mi-2
£65006/240.16 miRectory Road, Bensham, Gateshead, Tyne and Wear, NE8 4RQ2
£85007/240.16 mi183 Rectory Road, Gateshead, Tyne And Wear, NE82
£65002/240.16 mi-2
£75012/240.16 mi-2
£69507/240.18 miEastbourne Avenue, Gateshead2
£65006/240.18 miWestbourne Avenue, Gateshead2
£75002/250.18 mi-2
£70001/250.19 mi-2
£70006/240.19 mi-2
£67502/250.2 mi-2
£89506/240.2 miField House Road, Saltwell, Gateshead, NE82
£59503/240.21 mi-2

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

0.99 miles away

Nearest school

0.20 miles away

Nearest train station

0.96 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £90,000

January 28, 2025

Description

  • GROUND FLOOR FLAT +
  • TWO DOUBLE BEDROOMS +
  • FITTED KITCHEN +
  • MODERN BATHROOM +
  • RECENTLY RENOVATED +
  • GAS CENTRAL HEATING +
  • UPVC DOUBLE GLAZING +
  • CLOSE TO SALTWELL PARK +
  • NO ONWARD CHAIN +
  • VIEWING ADVISED +

Welcome to this charming ground floor apartment located on Windsor Avenue in the desirable area of Bensham, Gateshead. This recently refurbished flat offers a modern and comfortable living space, perfect for individuals or small families seeking a convenient lifestyle.

The apartment features two spacious double bedrooms, providing ample room for relaxation and rest. The well-appointed reception room serves as a welcoming area for entertaining guests or enjoying quiet evenings at home. The property also includes a stylish bathroom, designed with contemporary fittings to enhance your daily routine.

One of the standout features of this property is its prime location. Situated close to Saltwell Park, residents can enjoy the beauty of nature and the opportunity for leisurely walks or outdoor activities just moments from their doorstep. The park is a wonderful asset for those who appreciate green spaces and community events.

Additionally, this apartment comes with the advantage of no onward chain, making the buying process straightforward and hassle-free. Whether you are a first-time buyer or looking to downsize, this property presents an excellent opportunity to secure a lovely home in a sought-after area.

In summary, this ground floor flat on Windsor Avenue is a delightful choice for anyone looking to enjoy modern living in a vibrant community. With its recent refurbishment, spacious bedrooms, and proximity to Saltwell Park, it is sure to appeal to a wide range of buyers. Do not miss the chance to make this wonderful apartment your new home.

Entrance Hall - 4.27m x 0.94m (14 x 3'1) -

Lounge - 4.47m (14'8) -

Kitchen - 4.14m x 2.34m (13'7 x 7'8) -

Bedroom One - 3.84m x 2.90m (12'7 x 9'6) -

Bedroom Two - 4.52m x 1.93m (14'10 x 6'4) -

Bathroom - 3.84m x 1.37m (12'7 x 4'6) -

External -

Disclaimer Sales - The particulars on these properties are set out as a general guidance for intended purchasers or tenants, and do not constitute part of an offer or contract. The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. All dimensions, descriptions and distances, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility. Any intending purchasers or tenants should not rely on them as statements of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Measurements have been taken using a laser distance meter and may be subject to a margin of error. For further information see the Consumer Protection from Unfair Trading Regulations.

Agent Details

Carousel Estate Agents, Gateshead

0191 625 1023

Next Steps?

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