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2 Bed Flat, Single Let, Gateshead, NE10 0TT, £80,000

Brack Terrace, Bill Quay, Gateshead, Tyne and Wear, NE10 0TT - 2 views - a month ago

Leasehold
Auction
BTL
ROI: 11%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£36K - £126.5K
Sold Prices/m²£679/m² - £1.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£84,540
BMV6%

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

£475 - £795

Rent Estimate

£596

Running Costs/mo

£389

Cashflow/mo

£207

Cashflow/yr

£2,482

ROI

11%

Gross Yield

9%

Local Sold Prices

36 sold prices from £36K to £126.5K, average is £80.5K. £679/m² to £1.7K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£85K12/200.04 mi35, Brack Terrace, Gateshead, Tyne And Wear NE10 0TT2
£74K08/210.05 mi17, Station Road, Bill Quay, Gateshead, Tyne And Wear NE10 0UH2
£70K10/220.05 mi9, Station Road, Bill Quay, Gateshead, Tyne And Wear NE10 0UH2
£76K03/210.09 mi12, Hainingwood Terrace, Gateshead, Tyne And Wear NE10 0UE2
£85K06/210.09 mi15, Wood Terrace, Gateshead, Tyne And Wear NE10 0UD2
£91.8K09/220.1 mi17, Wood Terrace, Gateshead, Tyne And Wear NE10 0UD2
£110K11/220.15 mi24, Woodgate Lane, Gateshead, Tyne And Wear NE10 0TD2
£87K03/230.21 mi37, Croxdale Terrace, Gateshead, Tyne And Wear NE10 0RR2
£110K08/220.22 mi40, Lauder Way, Pelaw, Gateshead, Tyne And Wear NE10 0BG2
£84K10/210.22 mi54, Lauder Way, Pelaw, Gateshead, Tyne And Wear NE10 0BG2
£99.5K08/220.22 mi50, Lauder Way, Pelaw, Gateshead, Tyne And Wear NE10 0BG2
£92.5K03/230.26 mi64, Galloway Road, Gateshead, Tyne And Wear NE10 0BF2
£126.5K07/220.26 mi24, Galloway Road, Gateshead, Tyne And Wear NE10 0BF2
£80K02/210.32 mi22, Cartmel Park, Pelaw, Gateshead, Tyne And Wear NE10 0UZ2
£95K08/230.32 mi28, Cartmel Park, Pelaw, Gateshead, Tyne And Wear NE10 0UZ2
£80K03/210.37 mi21, Gosforth Terrace, Gateshead, Tyne And Wear NE10 0RA2
£53K07/230.37 mi8, Gosforth Terrace, Gateshead, Tyne And Wear NE10 0RA2
£76K10/220.38 mi30, Princess Street, Pelaw, Gateshead, Tyne And Wear NE10 0QT2
£94K06/210.38 mi12, Princess Street, Pelaw, Gateshead, Tyne And Wear NE10 0QT2
£86K06/220.42 mi36, York Street, Pelaw, Gateshead, Tyne And Wear NE10 0QL2
£74K06/220.43 mi18, York Street, Pelaw, Gateshead, Tyne And Wear NE10 0QL2
£77.5K12/200.44 mi34, York Street, Pelaw, Gateshead, Tyne And Wear NE10 0QL2
£90K08/230.49 mi18, Portland Street, Gateshead, Tyne And Wear NE10 0XX2
£68K02/210.49 mi11, Portland Street, Gateshead, Tyne And Wear NE10 0XX2
£65K11/200.5 mi37, Gosforth Terrace, Gateshead, Tyne And Wear NE10 0YL2
£91.5K02/230.52 mi8, George Street, Gateshead, Tyne And Wear NE10 0XT2
£70.5K10/200.58 mi1, Greenfield Terrace, Gateshead, Tyne And Wear NE10 0YH2
£72.5K06/230.58 mi11, Greenfield Terrace, Gateshead, Tyne And Wear NE10 0YH2
£70.5K10/200.58 mi1, Greenfield Terrace, Gateshead, Tyne And Wear NE10 0YH2
£81K02/230.59 mi18, George Street, Gateshead, Tyne And Wear NE10 0XT2
£80K09/220.9 mi4, Lindisfarne Road, Hebburn, Tyne And Wear NE31 2JA2
£53K05/210.91 mi11, Kingsmere Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 3NP2
£36K12/200.91 mi51, Kingsmere Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 3NP2
£53K05/210.91 mi30, Kingsmere Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 3NP2
£85K12/200.92 mi2, Stowell Terrace, Gateshead, Tyne And Wear NE10 0NX2
£96.5K06/230.92 mi4, Stowell Terrace, Gateshead, Tyne And Wear NE10 0NX2

Local Rents

14 rents from £475/mo to £795/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£60006/240.02 miSouth Parade, Gateshead, NE102
£69507/240.04 miBrack Terrace, Bill Quay, Gateshead2
£79505/240.23 miRichmond Avenue, Gateshead2
£67507/240.26 miFisherwell Road, Pelaw2
£65002/250.32 mi-2
£47505/240.37 miQueen Victoria Street, Gateshead2
£65006/240.38 miQueen Victoria Street, Gateshead, Tyne and Wear2
£65007/240.39 miDuke Street, Pelawm Gateshead2
£72511/230.42 mi-2
£65006/240.45 miYork Street, Pelaw, Gateshead, Tyne and Wear , NE10 0QL2
£59010/230.46 mi-2
£65006/240.5 miPortland Street, Pelaw, Gateshead2
£77505/240.53 miWynn Gardens, Pelaw, Gateshead, Tyne and Wear, NE10 0YN2
£77505/240.59 miRydal, Gateshead2

Links

Local Area Statistics

Population in NE10

35,991

Population in Gateshead

122,353

Town centre distance

2.23 miles away

Nearest school

0.20 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £80,000

February 13, 2025

Description

  • TWO BEDROOM +
  • UPPER FLAT +
  • INVESTMENT OPPORTUNITY +
  • TENANT IN SITU +

TO BE SOLD via ONLINE AUCTION. Fees apply.

An excellent investment opportunity to acquire this immaculate two-bedroom upper flat in the sought-after area of Bill Quay, Gateshead. With a tenant in situ, this property offers immediate rental income, making it an ideal addition to any investment portfolio. This turnkey investment offers a hassle-free opportunity for landlords looking for a low-maintenance, high-demand rental property.

In brief this property consists of Entrance / Hallway, stairs to first floor landing, an open plan living and dining room, a modern fitted kitchen, three piece bathroom suite and two bedrooms.

Externally the property has an outside yard space

For further details or to arrange a viewing, contact us today!

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 999

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 💪

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