2 Bed Flat, Single Let, Gateshead, NE8 4RU, £95,000

2-Bed Ground Floor Flat, Fern Dene Road, NE8 4RU - a month ago

Sold STC
Leasehold
BTL
ROI: 9%
~68 m²
+3 photos

ValuationOvervalued

Sold Prices£53K - £120K
Sold Prices/m²£795/m² - £1.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.4K/m²

Value Estimate

£83,518

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£4,050

Total Cash In

£27,800

 

 

Cash Out

 

Rent Range

£590 - £3,500

Rent Estimate

£660

Running Costs/mo

£449

Cashflow/mo

£211

Cashflow/yr

£2,534

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £53K to £120K, average is £81.5K. £795/m² to £1.9K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£80K04/230.01 mi93, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RU2
£114.8K08/230.06 mi28, Saltwell View, Gateshead, Tyne And Wear NE8 4NT2
£106K06/230.08 mi20, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RX2
£94K05/210.09 mi77, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RT2
£74.5K04/210.09 mi275, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NS2
£79K04/210.1 mi229, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£103K10/200.1 mi291, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£90K07/210.12 mi169, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NR2
£120K06/230.14 mi249, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NN2
£62K12/200.14 mi221, Rawling Road, Gateshead, Tyne And Wear NE8 4QU2
£97K06/230.15 mi106, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NX2
£104K01/230.15 mi231, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NN2
£90K10/210.15 mi76, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£69K04/230.15 mi35, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£55K10/230.15 mi23, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£77K11/200.15 mi78, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£96K11/210.16 mi223, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£101K09/230.16 mi183, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£85K11/210.16 mi163, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£95K09/210.18 mi159, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£84K02/210.18 mi190, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£68K02/210.18 mi143, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£96K10/230.18 mi146, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£100K06/230.18 mi159, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£78K07/230.18 mi162, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£115K12/230.18 mi186, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£91.5K04/240.19 mi123, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NJ2
£84.5K02/230.2 mi17, Rodsley Avenue, Gateshead, Tyne And Wear NE8 4JY2
£61K10/200.2 mi83, Rodsley Avenue, Gateshead, Tyne And Wear NE8 4JY2
£53K11/200.22 mi85, Rodsley Avenue, Gateshead, Tyne And Wear NE8 4LA2
£65K12/200.23 mi82, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NG2
£83.3K07/230.23 mi17, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NU2
£62.5K05/210.24 mi52, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£55.5K02/210.24 mi30, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£88K07/230.24 mi35, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£87K12/220.25 mi89, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£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
£112K05/230.26 mi131, Avenue Road, Gateshead, Tyne And Wear NE8 4JH2
£71.8K11/210.26 mi207, Whitehall Road, Gateshead, Tyne And Wear NE8 4PS2
£79K08/210.26 mi38, Maxwell Street, Gateshead, Tyne And Wear NE8 4TX2
£60K03/210.26 mi14, Maxwell Street, Gateshead, Tyne And Wear NE8 4TX2
£81K06/210.27 mi20, Arkwright Street, Gateshead, Tyne And Wear NE8 4TY2
£70K09/210.27 mi238, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£75K08/210.27 mi244, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£82K07/210.27 mi25, Macadam Street, Gateshead, Tyne And Wear NE8 4TS2
£95K08/210.28 mi14, Silverdale Terrace, Gateshead, Tyne And Wear NE8 4JL2
£58.8K03/210.28 mi31, Hyde Park Street, Gateshead, Tyne And Wear NE8 4QB2
£58.8K03/210.28 mi29, Hyde Park Street, Gateshead, Tyne And Wear NE8 4QB2

Local Rents

54 rents from £590/mo to £3.5K/mo, average is £713/mo.

RentDateDistanceAddressBeds 
£67506/240.06 miWindsor Avenue, Gateshead2
£65007/240.06 miBrighton Road, Gateshead2
£72506/240.06 miSaltwell View, Gateshead, Tyne And Wear, NE82
£59007/230.07 mi-2
£67504/240.08 mi-2
£95006/240.08 miFern Dene Road, Gateshead, NE82
£75006/240.08 miBrighton Road, Gateshead, NE82
£75006/240.08 mi-2
£69512/240.08 mi-2
£69507/240.08 miFern Dene Road, Gateshead, NE82
£70006/240.09 miWestbourne Avenue, Gateshead2
£65012/240.09 mi-2
£64010/240.11 mi-2
£82002/240.11 mi-2
£62510/230.12 mi-2
£89506/240.12 miField House Road, Saltwell, Gateshead, NE82
£75001/250.12 mi-2
£69507/240.13 miWindsor Avenue, Gateshead2
£59503/240.13 mi-2
£69503/250.14 mi-2
£70001/250.16 mi-2
£70006/240.16 mi-2
£75006/240.16 miEastbourne Avenue, Gateshead, NE82
£59501/240.16 mi-2
£59501/240.16 mi-2
£65006/240.16 mi-2
£72507/240.18 miBrinkburn Avenue, Bensham, Gateshead, Tyne And Wear, NE82
£80008/240.18 mi-2
£80006/240.18 miWestbourne Avenue, Gateshead, NE82
£80009/240.18 mi-2
£75002/240.18 mi-2
£70006/240.19 miBrinkburn Avenue, Saltwell2
£59506/240.19 miRayleigh Grove, Gateshead, NE82
£75004/240.19 mi-2
£65006/240.2 miRectory Road, Bensham, Gateshead, Tyne and Wear, NE8 4RQ2
£69506/240.2 miRodsley Avenue, Gateshead, NE82
£67506/240.21 mi-2
£1,85006/240.21 mi-2
£1,85006/240.21 mi-2
£1,85006/240.21 mi-2
£1,85012/240.21 mi-2
£1,85012/240.21 mi-2
£1,85012/240.21 mi-2
£1,85012/240.21 mi-2
£1,75003/250.21 mi-2
£65007/240.21 miRodsley Avenue, Gateshead2
£85007/240.22 mi183 Rectory Road, Gateshead, Tyne And Wear, NE82
£79506/240.22 miSaltwell Road, Gateshead, NE82
£82509/240.22 mi-2
£79903/250.22 mi-2
£65007/240.23 miBrinkburn Avenue, Gateshead2
£3,50003/250.23 mi-2
£67505/240.23 mi-2
£60011/240.24 mi-2

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

0.99 miles away

Nearest school

0.10 miles away

Nearest train station

1.04 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £95,000

February 6, 2025

Description

  • Very close to Saltwell Park! +
  • Highly desirable location, popular with proffesional tenants +
  • Close to Newcastle City Centre, Trinity Square, Saltwell Park, Low Fell +
  • Rental income of £660PCM. Rapidly increasing rental values in this location, and good capital appreciation over the past 5 years +

2-Bed Ground Floor Flat | Fern Dene Road, NE8 4RU

Overview
2-bedroom ground floor flat let at £660 PCM to a fantastic tenant (in situ since August 2022). Located in the ever popular "Avenues" area, close to Saltwell Park, in a desirable area with a mix of owner-occupiers and investors. Fully refurbished to a high standard within the last 5 years.

Investment Highlights
Tenant in Situ: Since August 2022
Leasehold: 979 years remaining
Recent comprehensive Refurbishment completed
Scope for rent increase in future, market rental value is £695PCM

Local Amenities
Saltwell Park: Minutes away
Trinity Square: Shops, dining, cinema
Low Fell: Independent bars, restaurants
Gateshead/Newcastle Quayside is within 25 minutes walking distance

Transport Links
Newcastle Central Station: 10 mins by car
Gateshead Interchange: Metro & bus services
A1(M): Quick regional access
Newcastle Airport: 20 mins by car

Key Facts
Tenure: Leasehold (979 years) - Tyneside lease, no service charge, peppercorn ground rent.
Rent: £660 PCM
Size: 624 ft² / 58 m²
EPC: Current 74 (C) / Potential 76 (C)
Council Tax: Band A (£1,634 est.)
Built: 1900–1929

Agent Details

10Homes, Gateshead

0191 625 0254

Next Steps?

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