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3 Bed Flat, Single Let, Gateshead, NE8 4PA, £80,000

Windsor Avenue, Gateshead, NE8 4PA - 2 months ago

Leasehold
Auction
BTL
ROI: 13%
~93 m²
+4 photos

ValuationUndervalued

Sold Prices£58.3K - £185.5K
Sold Prices/m²£696/m² - £2.4K/m²

 

 

Square Metres

~93 m²
Price/m²£860/m²

Value Estimate

£100,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£23,600

 

 

Cash Out

 

Rent Range

£595 - £8,333

Rent Estimate

£650

Running Costs/mo

£400

Cashflow/mo

£250

Cashflow/yr

£3,000

ROI

13%

Gross Yield

10%

Local Sold Prices

27 sold prices from £58.3K to £185.5K, average is £103K. £696/m² to £2.4K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£75K12/200.08 mi207, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NR3
£85K11/210.1 mi165, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL3
£95K10/200.1 mi329, Rectory Road, Gateshead, Tyne And Wear NE8 4RS3
£106K09/230.11 mi318, Rectory Road, Gateshead, Tyne And Wear NE8 4RP3
£105K04/210.11 mi228, Rectory Road, Gateshead, Tyne And Wear NE8 4RP3
£159.9K10/230.11 mi184, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX3
£165K06/230.17 mi94, Avenue Road, Gateshead, Tyne And Wear NE8 4JE3
£62.5K02/210.17 mi36, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JT3
£87K10/200.18 mi191, Rodsley Avenue, Gateshead, Tyne And Wear NE8 4LB3
£78.5K06/230.22 mi16, Cotterdale Avenue, Gateshead, Tyne And Wear NE8 4JP3
£87.5K06/230.23 mi25, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NH3
£133.5K04/210.24 mi4, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NH3
£81K12/220.33 mi13, Maxwell Street, Gateshead, Tyne And Wear NE8 4TX3
£145K07/230.36 mi44, Exeter Street, Gateshead, Tyne And Wear NE8 4EY3
£185.5K12/220.36 mi52, Exeter Street, Gateshead, Tyne And Wear NE8 4EY3
£95K02/210.36 mi28, Exeter Street, Gateshead, Tyne And Wear NE8 4EY3
£62.5K06/210.39 mi120, Northbourne Street, Gateshead, Tyne And Wear NE8 4AH3
£58.3K10/200.47 mi34, Bensham Avenue, Gateshead, Tyne And Wear NE8 1XT3
£117K10/220.57 mi24, Mafeking Street, Gateshead, Tyne And Wear NE9 5LH3
£97.5K11/230.62 mi48, Old Durham Road, Gateshead, Tyne And Wear NE8 4BL3
£119K12/210.8 mi33, Kells Lane, Gateshead, Tyne And Wear NE9 5SJ3
£140.8K04/240.8 mi31, Kells Lane, Gateshead, Tyne And Wear NE9 5SJ3
£103K04/210.81 mi15, Florence Avenue, Gateshead, Tyne And Wear NE9 5SQ3
£124K01/210.83 mi3, Florence Avenue, Gateshead, Tyne And Wear NE9 5SQ3
£103K04/210.83 mi15, Florence Avenue, Gateshead, Tyne And Wear NE9 5SQ3
£130K04/210.84 mi5, Villa View, Gateshead, Tyne And Wear NE9 5SR3
£68K10/230.88 mi27, Howe Street, Gateshead, Tyne And Wear NE8 3PQ3

Local Rents

50 rents from £595/mo to £8.3K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£75004/240.04 mi-3
£67506/240.08 miFern Dene Road, Bensham, Gateshead, Tyne And Wear, NE83
£89506/240.09 miFerndene Road,Gateshead, Tyne And Wear3
£65003/250.09 mi-3
£75006/240.11 miBrinkburn Avenue, Bensham, Gateshead, Tyne And Wear, NE83
£79510/230.11 mi-3
£65006/240.12 miBrighton Road, Gateshead3
£70006/240.12 miFern Dene Road, Gateshead3
£72503/240.13 mi-3
£79502/250.13 mi-3
£69506/240.14 miWestbourne Avenue, Gateshead3
£1,40002/240.16 mi-3
£1,65001/250.16 mi-3
£1,85003/250.16 mi-3
£94506/240.16 miRodsley Avenue, Gateshead, Tyne And Wear, NE83
£70012/240.16 mi-3
£1,00006/240.18 miRodsley Avenue, Gateshead3
£3,50003/250.22 mi-3
£92503/250.22 mi-3
£1,55007/240.23 miPark View Avenue, Gateshead3
£1,00006/240.24 miHuxley Crescent, Gateshead3
£85006/240.26 miBrighton Road, Gateshead, NE83
£85008/240.26 mi-3
£3,50003/250.27 mi-3
£67507/240.31 mi-3
£3,50003/250.33 mi-3
£1,00006/240.33 miArmstrong Street, Gateshead, Tyne and Wear, NE83
£3,50003/250.34 mi-3
£95006/240.35 miWhitehall Road, Gateshead3
£95006/240.36 miLiddell Terrace, Gateshead, NE83
£99512/230.36 mi-3
£3,50002/240.37 mi-3
£3,50003/250.37 mi-3
£3,50003/250.38 mi-3
£8,33303/250.39 mi-3
£59506/240.39 miNorthbourne Street, Gateshead, Tyne And Wear, NE83
£95006/240.4 miPrince Consort Road, Gateshead3
£60001/240.4 mi-3
£65001/250.4 mi-3
£65003/250.4 mi-3
£69504/240.42 mi-3
£75007/240.42 mi-3
£69512/240.42 mi-3
£69512/240.42 mi-3
£72507/240.43 miShipcote Terrace, Gateshead, Tyne And Wear, NE83
£95009/240.44 mi-3
£69507/240.44 miBrighton Road, Gateshead3
£95006/240.45 miGateshead3
£70006/240.45 mi-3
£75007/240.45 mi-3

Links

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

0.94 miles away

Nearest school

0.20 miles away

Nearest train station

0.98 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £80,000

January 28, 2025

Floor Plans

Description

  • Three Bedrooms +

  • First Floor Flat +

  • Popular Location +

  • Rear Yard +

  • Council Tax Band A +

  • EPC Rating E +

FOR SALE BY ONLINE AUCTION ENDING 26TH FEBRUARY 2025. THE PROPERTY IS SOLD UNDER UNCONDITIONAL AUCTION TERMS AND CONDITIONS.

A three bedroom first floor flat, ideally situated for access to the award Winning Saltwell Park as well as for access to the wide range of shopping facilities and amenities offered in and around Gateshead Town Centre. The living space further offers a lounge, fitted kitchen and a bathroom. Externally, a yard is located to the rear.

Agent Details

Sarah Mains, Auction

0191 487 0011

Next Steps?

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

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