2 Bed Flat, Single Let, Gateshead, NE11 9SR, £95,000

Palatine Place, Dunston, Tyne and Wear, NE11 9SR - 3 views - 2 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+9 photos

ValuationFair Value

Sold Prices£40K - £133K
Sold Prices/m²£750/m² - £2.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.4K/m²

Value Estimate

£93,766

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£5,950

Total Cash In

£29,700

 

 

Cash Out

 

Rent Range

£590 - £1,100

Rent Estimate

£594

Running Costs/mo

£436

Cashflow/mo

£158

Cashflow/yr

£1,900

ROI

6%

Gross Yield

8%

Local Sold Prices

50 sold prices from £40K to £133K, average is £83.5K. £750/m² to £2.2K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£85K06/220.04 mi42, Palatine Place, Gateshead, Tyne And Wear NE11 9SR2
£95K05/220.04 mi48, Palatine Place, Gateshead, Tyne And Wear NE11 9SR2
£98K10/210.04 mi43, Palatine Place, Gateshead, Tyne And Wear NE11 9SR2
£96K11/220.04 mi7, Palatine Place, Gateshead, Tyne And Wear NE11 9SR2
£88K05/220.04 mi11, Palatine Place, Gateshead, Tyne And Wear NE11 9SR2
£96K02/230.04 mi50, Palatine Place, Gateshead, Tyne And Wear NE11 9SR2
£90K01/240.04 mi12, Palatine Place, Gateshead, Tyne And Wear NE11 9SR2
£77.5K10/230.14 mi98, Haig Street, Gateshead, Tyne And Wear NE11 9BN2
£74K08/210.17 mi28, Renforth Street, Gateshead, Tyne And Wear NE11 9BE2
£75K12/200.17 mi19, Renforth Street, Gateshead, Tyne And Wear NE11 9BE2
£82.5K08/220.23 mi67, Clephan Street, Gateshead, Tyne And Wear NE11 9BB2
£68.5K06/210.25 mi22, Holly Avenue, Gateshead, Tyne And Wear NE11 9UT2
£72K06/220.26 mi22, Wynyard Street, Gateshead, Tyne And Wear NE11 9NR2
£70K01/210.3 mi64, Oak Avenue, Gateshead, Tyne And Wear NE11 9UR2
£84K01/210.31 mi34, Glebe Terrace, Gateshead, Tyne And Wear NE11 9NQ2
£55.5K10/200.35 mi22, Moorfoot Gardens, Gateshead, Tyne And Wear NE11 9LA2
£77K07/230.35 mi22, Moorfoot Gardens, Gateshead, Tyne And Wear NE11 9LA2
£65K12/230.39 mi23, Parsons Gardens, Gateshead, Tyne And Wear NE11 9ET2
£75K11/220.39 mi38, Oak Avenue, Gateshead, Tyne And Wear NE11 9UQ2
£88.5K08/220.44 mi50, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB2
£60K07/220.45 mi45, Wellington Road, Gateshead, Tyne And Wear NE11 9HD2
£77K10/210.45 mi30, Baker Gardens, Dunston, Gateshead, Tyne And Wear NE11 9HA2
£66K05/210.45 mi4, Baker Gardens, Dunston, Gateshead, Tyne And Wear NE11 9HA2
£73.5K05/230.45 mi15, Baker Gardens, Dunston, Gateshead, Tyne And Wear NE11 9HA2
£72K01/240.47 mi129, Meadow Lane, Gateshead, Tyne And Wear NE11 9PP2
£65K10/220.47 mi116, Meadow Lane, Gateshead, Tyne And Wear NE11 9PP2
£71K08/210.49 mi124, Dunston Road, Gateshead, Tyne And Wear NE11 9EH2
£102.5K03/230.5 mi30, Newton Street, Dunston, Gateshead, Tyne And Wear NE11 9HH2
£95K07/230.5 mi56, Cormorant Drive, Gateshead, Tyne And Wear NE11 9LF2
£85K08/220.5 mi3, Cormorant Drive, Gateshead, Tyne And Wear NE11 9LF2
£115K01/230.5 mi48, Cormorant Drive, Gateshead, Tyne And Wear NE11 9LF2
£72K01/210.54 mi54, Cotswold Gardens, Gateshead, Tyne And Wear NE11 9LD2
£80K07/220.54 mi71, Grebe Close, Gateshead, Tyne And Wear NE11 9FD2
£86K08/210.54 mi83, Grebe Close, Gateshead, Tyne And Wear NE11 9FD2
£129K07/240.54 mi75, Grebe Close, Gateshead, Tyne And Wear NE11 9FD2
£110K03/230.54 mi51, Grebe Close, Gateshead, Tyne And Wear NE11 9FD2
£120K10/220.54 mi27, Grebe Close, Gateshead, Tyne And Wear NE11 9FD2
£95.8K07/220.54 mi7, Grebe Close, Gateshead, Tyne And Wear NE11 9FD2
£40K10/230.55 mi59, Wooler Crescent, Gateshead, Tyne And Wear NE8 2TP2
£102K04/240.55 mi4, Bittern Close, Dunston, Gateshead, Tyne And Wear NE11 9FG2
£76K11/200.55 mi40, Dunston Road, Gateshead, Tyne And Wear NE11 9EE2
£133K11/200.57 mi8, Kingfisher Court, Gateshead, Tyne And Wear NE11 9FB2
£133K07/230.57 mi9, Kingfisher Court, Gateshead, Tyne And Wear NE11 9FB2
£83K05/210.57 mi27, Kingfisher Court, Gateshead, Tyne And Wear NE11 9FB2
£94K09/220.57 mi7, Bittern Close, Dunston, Gateshead, Tyne And Wear NE11 9FF2
£80K07/220.57 mi65, Bittern Close, Dunston, Gateshead, Tyne And Wear NE11 9FF2
£124K03/230.58 mi133, Bittern Close, Dunston, Gateshead, Tyne And Wear NE11 9FF2
£95K07/230.58 mi19, Bittern Close, Dunston, Gateshead, Tyne And Wear NE11 9FF2
£96K04/240.58 mi49, Bittern Close, Dunston, Gateshead, Tyne And Wear NE11 9FF2
£55.3K10/230.73 mi115, Lobley Hill Road, Gateshead, Tyne And Wear NE8 4XB2

Local Rents

42 rents from £590/mo to £1.1K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£85006/240.02 mi-2
£85007/240.02 mi-2
£82508/240.02 mi-2
£85007/240.02 miPalatine Place, Gateshead, NE112
£85007/240.02 miPalatine Place, Gateshead, NE112
£85007/240.02 miPalatine Place, Gateshead, NE112
£70008/240.02 mi-2
£85007/240.03 miPalatine Place, Gateshead, Tyne and Wear, NE112
£60001/240.03 mi-2
£60001/240.03 mi-2
£67503/250.03 mi-2
£62503/250.03 mi-2
£62506/240.14 miHaig Street, Dunston, Gateshead, Tyne & Wear, NE112
£65002/240.15 mi-2
£75005/240.17 mi-2
£59012/230.2 mi-2
£69506/240.26 miHolly Avenue, Dunston, NE112
£60002/250.26 mi-2
£75005/240.28 mi-2
£59506/240.34 mi-2
£1,10007/240.48 miSeasons Courtyard, Michaelmas Street, Staithes Southbank2
£85007/240.49 miBede Courtyard, Gateshead2
£85007/240.51 miCormorant Drive, Gateshead, NE112
£85007/240.51 mi-2
£80007/240.51 mi-2
£67507/240.51 miDunston, Gateshead, NE112
£65005/240.51 mi-2
£67507/240.51 mi-2
£70003/250.51 mi-2
£85001/250.53 mi-2
£69506/240.53 miDunston Road, Duston, Gateshead, Tyne and Wear, NE112
£75006/240.53 mi-2
£75003/250.53 mi-2
£72505/240.53 miBittern Close, Gateshead, NE112
£80001/250.54 mi-2
£81012/230.55 mi-2
£82505/230.57 mi-2
£85005/240.57 mi-2
£79505/240.57 miBittern Close, Dunston, Gateshead, Tyne & Wear, NE112
£79512/240.57 miBittern Close, Dunston, NE112
£66003/250.58 mi-2
£82006/240.59 miScafell Gardens, Gateshead2

Local Area Statistics

Population in NE11

16,348

Population in Gateshead

122,353

Town centre distance

2.24 miles away

Nearest school

0.20 miles away

Nearest train station

0.06 miles away

 

 

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £95,000

February 13, 2025

Description

  • Top Floor Apartment +
  • Two Bedrooms +
  • Fitted Kitchen +
  • Modern Bathroom +
  • Allocated Parking +
  • Council Tax Band A +
  • EPC Rating D +

A MODERN top floor apartment set within this popular development within Dunston. Benefitting from a secure intercom entry system and an ALLOCATED PARKING SPACE. The living space includes a lounge with open access to a FITTED KITCHEN, two bedrooms and a MODERN BATHROOM. The development is conveniently situated for access to the local shops and amenities Dunston has to offer whilst transport routes and services provide commuter links to the surrounding areas.

Agent Details

Sarah Mains Residential Sales and Lettings, Whickham

0191 625 1022

Next Steps?

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