2 Bed Flat, Single Let, Gateshead, NE8 4TJ, £68,000

115 Saltwell Road, Gateshead, NE8 4TJ - 1 views - 21 days ago

Leasehold
BTL
ROI: 13%
64 m²
+4 photos

ValuationUndervalued

Sold Prices£42.6K - £114.8K
Sold Prices/m²£635/m² - £1.8K/m²

 

 

Square Metres

64 m²
Price/m²£1.1K/m²

Value Estimate

£72,727
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,000

Stamp Duty & Legal Fees

£4,600

Total Cash In

£21,600

 

 

Cash Out

 

Rent Range

£520 - £3,500

Rent Estimate

£590

Running Costs/mo

£351

Cashflow/mo

£240

Cashflow/yr

£2,874

ROI

13%

Gross Yield

10%

Local Sold Prices

50 sold prices from £42.6K to £114.8K, average is £74.8K. £635/m² to £1.8K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£58.8K03/210.05 mi31, Hyde Park Street, Gateshead, Tyne And Wear NE8 4QB2
£58.8K03/210.05 mi29, Hyde Park Street, Gateshead, Tyne And Wear NE8 4QB2
£62K03/240.07 mi45, Saltwell Street, Gateshead, Tyne And Wear NE8 4QX2
£86K05/230.07 mi26, Hedley Street, Gateshead, Tyne And Wear NE8 4XN2
£60K03/210.08 mi239, Whitehall Road, Gateshead, Tyne And Wear NE8 4PT2
£64K01/230.08 mi15, Saltwell Street, Gateshead, Tyne And Wear NE8 4QX2
£58.5K03/240.09 mi157, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£73K04/210.09 mi120, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£70K03/230.09 mi169, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£83K04/240.1 mi10, Saltwell Place, Gateshead, Tyne And Wear NE8 4QY2
£87K11/230.1 mi72, Saltwell Place, Gateshead, Tyne And Wear NE8 4QY2
£50.5K12/200.13 mi58, Rawling Road, Gateshead, Tyne And Wear NE8 4QR2
£82K07/210.14 mi25, Macadam Street, Gateshead, Tyne And Wear NE8 4TS2
£62K12/200.18 mi221, Rawling Road, Gateshead, Tyne And Wear NE8 4QU2
£90K10/210.21 mi76, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£69K04/230.21 mi35, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£55K10/230.21 mi23, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£77K11/200.21 mi78, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£70K09/210.21 mi238, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£75K08/210.21 mi244, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£95K08/230.24 mi26, Curzon Street, Gateshead, Tyne And Wear NE8 1YD2
£71.8K11/210.24 mi207, Whitehall Road, Gateshead, Tyne And Wear NE8 4PS2
£73K10/210.25 mi24, Bensham Avenue, Gateshead, Tyne And Wear NE8 1XT2
£42.6K03/210.25 mi36, Bensham Avenue, Gateshead, Tyne And Wear NE8 1XT2
£106K06/230.25 mi20, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RX2
£79K08/210.25 mi38, Maxwell Street, Gateshead, Tyne And Wear NE8 4TX2
£60K03/210.25 mi14, Maxwell Street, Gateshead, Tyne And Wear NE8 4TX2
£80.5K09/230.26 mi34, St Aidans Street, Gateshead, Tyne And Wear NE8 1YA2
£94K05/210.26 mi77, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RT2
£54K12/220.27 mi69, Lobley Hill Road, Gateshead, Tyne And Wear NE8 4XB2
£55.3K10/230.28 mi113, Lobley Hill Road, Gateshead, Tyne And Wear NE8 4XB2
£55.3K10/230.28 mi115, Lobley Hill Road, Gateshead, Tyne And Wear NE8 4XB2
£71K09/230.28 mi97, Rectory Road, Gateshead, Tyne And Wear NE8 1XJ2
£81K06/210.28 mi20, Arkwright Street, Gateshead, Tyne And Wear NE8 4TY2
£65K12/200.29 mi82, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NG2
£79K04/210.29 mi229, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£103K10/200.29 mi291, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£97K06/230.3 mi106, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NX2
£83.3K07/230.3 mi17, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NU2
£80K04/230.31 mi93, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RU2
£62.5K05/210.32 mi52, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£55.5K02/210.32 mi30, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£88K07/230.34 mi35, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£87K12/220.35 mi89, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£90K07/210.37 mi169, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NR2
£114.8K08/230.38 mi28, Saltwell View, Gateshead, Tyne And Wear NE8 4NT2
£91.5K04/240.38 mi123, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NJ2
£74.5K04/210.39 mi275, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NS2
£96K11/210.41 mi223, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£85K11/210.41 mi163, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2

Local Rents

50 rents from £520/mo to £3.5K/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£75003/250.04 mi-2
£60008/240.05 mi-2
£55001/240.05 mi-2
£59003/250.05 mi-2
£63011/230.05 mi-2
£67503/250.06 mi-2
£89509/240.06 mi-2
£75007/240.07 miWestminster Street, Gateshead2
£70006/230.07 mi-2
£79506/240.07 miWhitehall Road, Gateshead, NE82
£72507/240.08 miWhitehall Road, Bensham, Gateshead, Tyne And Wear, NE82
£60011/240.08 mi-2
£85005/230.08 mi-2
£75009/230.09 mi-2
£70002/240.09 mi-2
£52009/230.09 mi-2
£62502/250.13 mi-2
£59507/240.15 mi-2
£59503/250.15 mi-2
£67506/240.16 miNewbury Avenue, Gateshead, Tyne and Wear, NE82
£65007/240.16 mi-2
£59503/250.16 mi-2
£70006/240.16 mi-2
£70001/250.16 mi-2
£59506/240.16 miRayleigh Grove, Gateshead, NE82
£3,50003/250.17 mi-2
£62508/240.21 mi-2
£65006/240.22 miRectory Road, Bensham, Gateshead, Tyne and Wear, NE8 4RQ2
£63002/250.22 mi-2
£65006/240.23 miBalfour Street, Gateshead, NE82
£59507/230.23 mi-2
£67502/250.23 mi-2
£3,50003/250.24 mi-2
£65012/240.24 mi-2
£75006/240.24 mi-2
£69512/240.24 mi-2
£75006/240.24 miBrighton Road, Gateshead, NE82
£59007/230.25 mi-2
£69507/240.25 miFern Dene Road, Gateshead, NE82
£79506/240.25 miSaltwell Road, Gateshead, NE82
£82509/240.26 mi-2
£79903/250.26 mi-2
£59503/240.26 mi-2
£65007/240.26 miBrighton Road, Gateshead2
£67504/240.26 mi-2
£65006/240.26 miMaxwell Street, Gateshead, Tyne And Wear, NE82
£52011/230.26 mi-2
£85007/240.27 mi183 Rectory Road, Gateshead, Tyne And Wear, NE82
£69503/250.27 mi-2
£1,95006/240.27 mi-2

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

1.30 miles away

Nearest school

0.20 miles away

Nearest train station

1.05 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £68,000

March 1, 2025

Floor Plans

Description

  • No Onward Chain +
  • Modern Fitted Kitchen +
  • Enclosed Rear Yard +
  • Ground Floor +
  • L-Shape Part Tiled Family Bathroom +
  • Lounge/Dining Room +
  • Gas Central Heating Via Combi-Boiler +
  • Tyneside Lease +
  • Close To Local Amenities +
  • Viewings Highly Recommended +

An excellently priced ground floor flat with two bedrooms and a modern fitted kitchen...

Situated on Saltwell Road in Gateshead, this charming, characterful Tyneside flat, offers spacious accommodation within a traditional terraced building with a separate front door, providing complete privacy and independent access, perfect for those seeking a low-maintenance home with a unique slice of local heritage.
Located on the ground floor, the property benefits from period features such as high ceilings and large windows and has been updated to a modern standard. Stepping inside you are greeted by a front entrance vestibule leading to an inviting hallway. The property features two generously sized bedrooms and storage areas
The living room is a comfortable space with a charming recessed chimney breast, the kitchen provides a lovely area for meal preparation while the bathroom offers a relaxing retreat after a long day and is configured in an L-shape, a unique layout for this style of flat. Externally there is a private enclosed yard space at the back of the property ideally suited to enjoying the summer months. This property offers an excellent opportunity for first-time buyers or investors.

Bensham and Saltwell is close to local amenities and transport links and Gateshead town centre which boasts some of the borough's best leisure and cultural facilities. This includes the award-winning Saltwell Park, the Shipley Art Gallery, Gateshead Central Library. It even has its own independent theatre in The Little Theatre on Saltwell View. The neighbourhood has local shopping areas on Coatsworth Road and Saltwell Road, many schools, and lots of parks and open spaces.

Agent Details

Bell Estate Agents, Gateshead

0191 625 0825

Next Steps?

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