2 Bed Flat, Single Let, Gateshead, NE9 7AF, £55,000

Acomb Court, Gateshead, Tyne and Wear, NE9 7AF - 3 views - a month ago

Leasehold
BTL
ROI: 20%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£38K - £170K
Sold Prices/m²£543/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£808/m²

Value Estimate

£66,550
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£2,850

Total Cash In

£16,600

 

 

Cash Out

 

Rent Range

£575 - £900

Rent Estimate

£588

Running Costs/mo

£309

Cashflow/mo

£279

Cashflow/yr

£3,342

ROI

20%

Gross Yield

13%

Local Sold Prices

44 sold prices from £38K to £170K, average is £102K. £543/m² to £2.4K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£43K05/230.04 mi4, Acomb Court, Gateshead, Tyne And Wear NE9 7AF2
£38K03/230.29 mi84, Stretford Court, Gateshead, Tyne And Wear NE9 6LZ2
£51K07/230.33 mi34, Willerby Court, Gateshead, Tyne And Wear NE9 7JF2
£48K09/230.33 mi44, Willerby Court, Gateshead, Tyne And Wear NE9 7JF2
£80K05/210.37 mi3, Bodmin Court, Gateshead, Tyne And Wear NE9 6UP2
£65.5K01/230.37 mi42, Hertford, Gateshead, Tyne And Wear NE9 6JG2
£128K03/240.39 mi31, Long Bank, Gateshead, Tyne And Wear NE9 7HH2
£120K06/210.43 mi26, Moss Side, Wrekenton, Gateshead, Tyne And Wear NE9 7UU2
£120K12/230.43 mi25, Moss Side, Wrekenton, Gateshead, Tyne And Wear NE9 7UU2
£149.3K10/220.43 mi24, Moss Side, Wrekenton, Gateshead, Tyne And Wear NE9 7UU2
£46K06/210.44 mi27, Crosby Gardens, Gateshead, Tyne And Wear NE9 6NJ2
£82K07/210.62 mi16, Newby Place, Gateshead, Tyne And Wear NE9 6YJ2
£65K05/210.64 mi30, Salcombe Gardens, Gateshead, Tyne And Wear NE9 6XZ2
£85K11/220.69 mi8, Carnforth Gardens, Gateshead, Tyne And Wear NE9 6YE2
£105K02/240.78 mi6, Briermede Park, Gateshead, Tyne And Wear NE9 6AF2
£105K02/240.78 mi5, Briermede Park, Gateshead, Tyne And Wear NE9 6AF2
£88.5K01/210.78 mi11, Briermede Park, Gateshead, Tyne And Wear NE9 6AF2
£61K08/230.8 mi110, Springwell Road, Wrekenton, Gateshead, Tyne And Wear NE9 7AA2
£148.5K07/230.81 mi8, Worley Avenue, Gateshead, Tyne And Wear NE9 6AL2
£157K07/210.81 mi32, Worley Avenue, Gateshead, Tyne And Wear NE9 6AL2
£170K10/230.81 mi34, Worley Avenue, Gateshead, Tyne And Wear NE9 6AL2
£107K11/200.88 mi9, Thomas Street, Eighton Banks, Gateshead, Tyne And Wear NE9 7YA2
£134.5K12/200.89 mi28, Earls Drive, Gateshead, Tyne And Wear NE9 6AA2
£158K02/230.89 mi18, Earls Drive, Gateshead, Tyne And Wear NE9 6AA2
£80K03/210.89 mi623, Durham Road, Gateshead, Tyne And Wear NE9 5HA2
£80K03/210.89 mi623, Durham Road, Gateshead, Tyne And Wear NE9 5HA2
£91K01/210.91 mi7, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY2
£105K10/200.91 mi25, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY2
£93K08/210.92 mi9, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£79K02/210.92 mi14, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£83K02/230.92 mi19, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£84K10/230.92 mi16, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£98K08/230.92 mi9, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£125K08/230.93 mi11, Louie Terrace, Gateshead, Tyne And Wear NE9 5XH2
£110K03/210.93 mi12, St Thomas Street, Gateshead, Tyne And Wear NE9 5XA2
£99K02/210.94 mi1, Southend Road, Gateshead, Tyne And Wear NE9 6XR2
£120K12/220.94 mi25, Southend Road, Gateshead, Tyne And Wear NE9 6XR2
£120K03/230.94 mi29, Wesley Street, Gateshead, Tyne And Wear NE9 5UX2
£124K04/210.94 mi28, Wesley Street, Gateshead, Tyne And Wear NE9 5YN2
£113K03/230.95 mi37, Robson Street, Gateshead, Tyne And Wear NE9 5UY2
£88K03/210.98 mi116, Kells Lane, Gateshead, Tyne And Wear NE9 5HY2
£118K03/210.99 mi39, Dean Street, Gateshead, Tyne And Wear NE9 5XL2
£117K10/200.99 mi50, Dean Street, Gateshead, Tyne And Wear NE9 5XL2
£127.5K03/210.99 mi33, Dean Street, Gateshead, Tyne And Wear NE9 5XL2

Local Rents

15 rents from £575/mo to £900/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£65012/240.05 mi-2
£90006/240.23 miBeechwood Avenue, Low Fell2
£65007/240.29 mi-2
£57503/250.3 mi-2
£57503/250.33 mi-2
£59507/240.37 miBodmin Court, Gateshead, Tyne and Wear, NE92
£60006/240.41 miGrisedale Gardens, Low Fell, Gateshead, NE92
£75006/240.41 miHertford, Low Fell2
£90006/240.42 miHilldyke, Eighton Banks, Gateshead, NE92
£75006/240.45 miCrosby Gardens, Lyndhurst, Gateshead, NE92
£75006/240.45 miCrosby Gardens, Lyndhurst, Gateshead, NE92
£62512/230.6 mi-2
£75006/240.61 miDovedale Gardens, Gateshead, NE9 6NT2
£75006/240.61 miDovedale Gardens, Gateshead, NE9 6NT2
£69502/240.61 mi-2

Local Area Statistics

Population in NE9

37,590

Population in Gateshead

122,353

Town centre distance

1.26 miles away

Nearest school

0.40 miles away

Nearest train station

2.28 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-41%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £55,000

February 4, 2025

Description

  • First Floor Apartment +
  • Gas Central Heating +
  • UPVC Double Glazing +
  • Great Views +
  • Currently Gross 10% Yield +

Situated on the first floor, enjoying fantastic views, this two bedroom flat is a great rental opportunity. Features include gas central heating, double glazing, lift and stairs from the secure communal entrance and ample communal parking. Road links are excellent with easy access o the A1, and a short bus ride to Newcastle, Gateshead plus many others, and the QE hospital is near by.
The accommodation comprises a communal entrance with stairs and lift to all floors, hallway, lounge, two bedrooms, kitchen and bathroom.

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 107

Agent Details

Pattinson Estate Agents, Low Fell

0191 625 0999

Next Steps?

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