2 Bed Flat, Single Let, Gateshead, NE8 4NX, £105,000

Windsor Avenue, Gateshead, NE8 4NX - a month ago

Sold STC
Leasehold
BTL
ROI: 8%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£53K - £140K
Sold Prices/m²£795/m² - £1.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£81,348

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£4,350

Total Cash In

£30,600

 

 

Cash Out

 

Rent Range

£590 - £3,500

Rent Estimate

£695

Running Costs/mo

£487

Cashflow/mo

£208

Cashflow/yr

£2,495

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £53K to £140K, average is £81.6K. £795/m² to £1.9K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£97K06/230 mi106, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NX2
£79K04/210.04 mi229, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£103K10/200.04 mi291, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£94K05/210.08 mi77, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RT2
£90K07/210.08 mi169, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NR2
£91.5K04/240.08 mi123, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NJ2
£65K12/200.09 mi82, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NG2
£83.3K07/230.09 mi17, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NU2
£106K06/230.09 mi20, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RX2
£62.5K05/210.09 mi52, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£55.5K02/210.09 mi30, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£88K07/230.1 mi35, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£87K12/220.1 mi89, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£96K11/210.11 mi223, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£101K09/230.11 mi183, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£85K11/210.11 mi163, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£71.8K11/210.13 mi207, Whitehall Road, Gateshead, Tyne And Wear NE8 4PS2
£104K01/230.14 mi231, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NN2
£74.5K04/210.14 mi275, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NS2
£80K04/230.15 mi93, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RU2
£70K09/210.16 mi238, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£75K08/210.16 mi244, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£120K06/230.16 mi249, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NN2
£53K11/200.17 mi85, Rodsley Avenue, Gateshead, Tyne And Wear NE8 4LA2
£114.8K08/230.17 mi28, Saltwell View, Gateshead, Tyne And Wear NE8 4NT2
£62K12/200.18 mi221, Rawling Road, Gateshead, Tyne And Wear NE8 4QU2
£95K09/210.19 mi159, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£84K02/210.19 mi190, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£68K02/210.19 mi143, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£96K10/230.19 mi146, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£100K06/230.19 mi159, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£78K07/230.19 mi162, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£115K12/230.19 mi186, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£95K08/230.19 mi26, Curzon Street, Gateshead, Tyne And Wear NE8 1YD2
£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
£71K09/230.2 mi97, Rectory Road, Gateshead, Tyne And Wear NE8 1XJ2
£58.5K03/240.22 mi157, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£73K04/210.22 mi120, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£70K03/230.22 mi169, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£90K10/210.23 mi76, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£69K04/230.23 mi35, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£55K10/230.23 mi23, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£77K11/200.23 mi78, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£60K03/210.24 mi239, Whitehall Road, Gateshead, Tyne And Wear NE8 4PT2
£58.8K03/210.25 mi31, Hyde Park Street, Gateshead, Tyne And Wear NE8 4QB2
£58.8K03/210.25 mi29, Hyde Park Street, Gateshead, Tyne And Wear NE8 4QB2
£112K05/230.26 mi131, Avenue Road, Gateshead, Tyne And Wear NE8 4JH2
£64K01/230.27 mi15, Saltwell Street, Gateshead, Tyne And Wear NE8 4QX2
£140K06/230.27 mi16, Exeter Street, Gateshead, Tyne And Wear NE8 4EY2

Local Rents

53 rents from £590/mo to £3.5K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£69503/250.03 mi-2
£82002/240.04 mi-2
£80009/240.05 mi-2
£80008/240.05 mi-2
£80006/240.05 miWestbourne Avenue, Gateshead, NE82
£64010/240.06 mi-2
£75004/240.08 mi-2
£75001/250.08 mi-2
£62510/230.08 mi-2
£95006/240.08 miFern Dene Road, Gateshead, NE82
£85007/240.09 mi183 Rectory Road, Gateshead, Tyne And Wear, NE82
£69507/240.09 miFern Dene Road, Gateshead, NE82
£67504/240.09 mi-2
£65006/240.09 miRectory Road, Bensham, Gateshead, Tyne and Wear, NE8 4RQ2
£75002/250.11 mi-2
£75006/240.11 miEastbourne Avenue, Gateshead, NE82
£65002/240.11 mi-2
£75012/240.11 mi-2
£65006/240.11 miWestbourne Avenue, Gateshead2
£65006/240.11 mi-2
£1,85006/240.11 mi-2
£1,85006/240.11 mi-2
£1,85006/240.11 mi-2
£1,85012/240.11 mi-2
£1,85012/240.11 mi-2
£1,85012/240.11 mi-2
£1,85012/240.11 mi-2
£1,75003/250.11 mi-2
£69507/240.11 miEastbourne Avenue, Gateshead2
£75006/240.12 miBrighton Road, Gateshead, NE82
£75006/240.12 mi-2
£69512/240.12 mi-2
£67506/240.12 miWindsor Avenue, Gateshead2
£59007/230.12 mi-2
£65007/240.13 miBrighton Road, Gateshead2
£65007/240.13 miBrinkburn Avenue, Gateshead2
£70006/240.13 miWestbourne Avenue, Gateshead2
£3,50003/250.15 mi-2
£65007/240.16 miRodsley Avenue, Gateshead2
£72506/240.17 miSaltwell View, Gateshead, Tyne And Wear, NE82
£70001/250.17 mi-2
£67505/240.17 mi-2
£69507/240.17 miWindsor Avenue, Gateshead2
£67506/240.18 mi-2
£65012/240.18 mi-2
£70006/240.18 mi-2
£72507/240.19 miBrinkburn Avenue, Bensham, Gateshead, Tyne And Wear, NE82
£70006/240.19 miBrinkburn Avenue, Saltwell2
£59507/230.2 mi-2
£67502/250.2 mi-2
£69506/240.2 miRodsley Avenue, Gateshead, NE82
£75002/240.21 mi-2
£60011/240.23 mi-2

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

1.06 miles away

Nearest school

0.10 miles away

Nearest train station

0.94 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £105,000

February 17, 2025

Description

Fully Refurbished 2-Bed Upper Flat in the popular "Avenues" area in Gateshead

This well presented upper flat in Gateshead has been fully refurbished and reconfigured, offering a larger-than-usual open-plan lounge and kitchen, a laundry area in the rear hallway, a front-facing master bedroom, a second bedroom, and a bathroom at the rear. The property is currently tenanted, with the current tenants in situ since 2021.

For Investors
The property is currently rented at £695 PCM. The NE8 area has seen consistent steady rental demand. The property market in Gateshead continues to show stable growth, with strong owner occupier and investor demand, making this a potential long-term investment opportunity.

Local Amenities
Schools: Brighton Avenue Primary School and Corpus Christi Catholic Primary School are rated ‘Outstanding’ by Ofsted. Emmanuel College is a well-regarded secondary school in the area. (snobe.co.uk)
Parks: Saltwell Park, a large award winning public park with green spaces and a lake, is at the bottom of Windsor Avenue.
Healthcare: Several GP practices serve the area.

Transport Links
Road: Easy access to the A1(M) for travel to Newcastle and surrounding areas.
Public Transport: Regular bus services operate along Durham Road.
Shops & Services: Close to Low Fell and Newcastle City Centre for shopping, dining, and other services.
Rail: Gateshead Interchange and Newcastle Central Station provide rail connections across the UK.

Property Details
EPC Rating: Current rating C (75) , potential C (81)
Council Tax Band: A (£1,634 per annum)
Tenure: Leasehold (964 years remaining)
Internal Floor Space: 85 m² (914 ft²)

This property offers an established rental income in a well-connected location with access to local amenities.

Agent Details

10Homes, Gateshead

0191 625 0254

Next Steps?

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