3 Bed Semi-Detached House, Single Let, Gateshead, NE8 2LT, £60,000

Rose Street, Gateshead, NE8 2LT - 5 views - a month ago

Auction

BTL

ROI: 24%

~93 m²

+4 photos

ValuationUndervalued

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Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£15,000£15,000
Stamp Duty & Legal Fees	£3,000£3,000
Total Cash In	£18,000£18,000

Cash Out
Rent Range	£650 - £8,333£650 - £8,333
Rent Estimate	£706
Running Costs/mo	£349£349
Cashflow/mo	£357£357
Cashflow/yr	£4,288£4,288
ROI	24%24%
Gross Yield	14%14%

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Local Rents

48 rents from £650/mo to £8.3K/mo, average is £998/mo.

Rent	Date	Distance	Address	Beds	Type
£850	07/24	0.06 mi	Tynemouth Pass, Gateshead, Tyne and Wear, NE8	3	Terraced House
£800	02/24	0.12 mi	-	3	Semi-Detached House
£800	03/24	0.12 mi	-	3	Semi-Detached House
£850	08/24	0.12 mi	-	3	Semi-Detached House
£850	10/24	0.12 mi	-	3	Semi-Detached House
£800	07/24	0.12 mi	Milling Court, Gateshead, NE8	3	Semi-Detached House
£800	07/24	0.12 mi	Milling Court, Gateshead, NE8	3	Semi-Detached House
£950	07/24	0.15 mi	The Staithes, Gateshead	3	Terraced House
£950	07/24	0.15 mi	The Staithes, Gateshead	3	Terraced House
£1,020	06/24	0.24 mi	July Court Yard, Sunny Side South, Gateshead, NE8	3	Detached House
£995	07/24	0.25 mi	-	3	Semi-Detached House
£995	07/24	0.25 mi	Heritage Close, Gateshead, NE8	3	Semi-Detached House
£1,000	07/24	0.27 mi	Northside, The Staithes, Dunston	3	Terraced House
£3,500	03/25	0.28 mi	-	3	Semi-Detached House
£900	07/24	0.29 mi	May Courtyard, Shrove Pass, Gateshead, NE8	3	Terraced House
£1,000	07/24	0.3 mi	Abbeyfield Close, Gateshead	3	Semi-Detached House
£1,100	06/24	0.42 mi	Trinity Courtyard, The Staiths, Gateshead, NE8	3	Terraced House
£2,900	06/24	0.43 mi	-	3	Detached House
£3,100	03/25	0.43 mi	-	3	Detached House
£895	06/24	0.44 mi	Windmill Way, Windmill Hills, Gateshead	3	Terraced House
£850	02/24	0.45 mi	-	3	Terraced House
£950	12/24	0.45 mi	-	3	Terraced House
£900	11/23	0.46 mi	-	3	Semi-Detached House
£995	06/24	0.46 mi	10 Pacha Way, , Gateshead, , Tyne and Wear	3	Terraced House
£1,275	03/25	0.49 mi	-	3	Terraced House
£1,100	12/24	0.49 mi	-	3	Terraced House
£1,125	03/25	0.49 mi	-	3	Terraced House
£1,200	09/24	0.49 mi	-	3	Terraced House
£3,300	02/25	0.5 mi	-	3	Flat
£3,500	03/25	0.5 mi	-	3	Flat
£1,250	07/24	0.51 mi	Ropery Road, Gateshead, NE8	3	Terraced House
£1,295	07/24	0.54 mi	Barrington Place, Gateshead	3	Terraced House
£1,200	09/23	0.54 mi	-	3	Semi-Detached House
£1,250	09/24	0.54 mi	-	3	Semi-Detached House
£700	06/24	0.56 mi	-	3	Flat
£750	07/24	0.56 mi	-	3	Flat
£695	07/24	0.56 mi	Brighton Road, Gateshead	3	Flat
£1,200	11/24	0.56 mi	-	3	Terraced House
£1,250	01/25	0.56 mi	-	3	Terraced House
£675	07/24	0.57 mi	Victoria Road, Gateshead, NE8	3	Flat
£950	05/24	0.57 mi	-	3	Terraced House
£1,100	02/25	0.57 mi	-	3	Terraced House
£950	06/24	0.59 mi	Gateshead	3	Flat
£1,730	07/24	0.61 mi	The Forge Newcastle upon Tyne NE1	3	Flat
£1,200	06/24	0.62 mi	-	3	Semi-Detached House
£1,200	06/24	0.62 mi	Village Heights, Gateshead, NE8	3	Semi-Detached House
£650	03/25	0.62 mi	-	3	Flat
£8,333	03/25	0.62 mi	-	3	Flat

Local Area Statistics

Population in NE8	32,35832,358
Population in Gateshead	122,353122,353
Town centre distance	1.93 miles away1.93 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.83 miles away0.83 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+64%+64%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+15%+15%

Property History

Listed for £60,000

February 25, 2025

Floor Plans

Description

Three Bedroom +
Requires Updating +
Popular Location +
Council Tax Band A +
EPC Rating D +

FOR SALE BY ONLINE AUCTION ENDING 26TH MARCH 2025. THE PROPERTY IS SOLD UNDER UNCONDITIONAL AUCTION TERMS AND CONDITIONS.

This semi detached home is brimming with potential and offers the perfect chance to put your own stamp on the property and tailor it to your tastes. The living space includes a lounge, kitchen, bathroom and three bedrooms. Externally, gardens lie to the front and rear. Ideally situated for access to the wide range of shops and amenities offered in and around Gateshead Town Centre. Transport routes and services provide commuter links to the surrounding areas.

Agent Details

Sarah Mains, Auction

0191 487 0011

Next Steps?

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

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