2 Bed Flat, Single Let, Gateshead, NE8 4PA, £50,000

Windsor Avenue, Gateshead, NE8 4PA - 14 days ago

Leasehold
Auction
BTL
ROI: 24%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£53K - £177K
Sold Prices/m²£795/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£734/m²

Value Estimate

£61,500
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£3,700

Total Cash In

£16,200

 

 

Cash Out

 

Rent Range

£590 - £3,500

Rent Estimate

£625

Running Costs/mo

£301

Cashflow/mo

£324

Cashflow/yr

£3,888

ROI

24%

Gross Yield

15%

Local Sold Prices

50 sold prices from £53K to £177K, average is £84.3K. £795/m² to £2.3K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£114.8K08/230.03 mi28, Saltwell View, Gateshead, Tyne And Wear NE8 4NT2
£74.5K04/210.03 mi275, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NS2
£80K04/230.06 mi93, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RU2
£120K06/230.08 mi249, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NN2
£90K07/210.09 mi169, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NR2
£104K01/230.09 mi231, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NN2
£79K04/210.11 mi229, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£103K10/200.11 mi291, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£94K05/210.11 mi77, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RT2
£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
£106K06/230.12 mi20, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RX2
£95K09/210.12 mi159, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£84K02/210.12 mi190, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£68K02/210.12 mi143, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£96K10/230.12 mi146, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£100K06/230.12 mi159, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£78K07/230.12 mi162, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£115K12/230.12 mi186, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£84.5K02/230.14 mi17, Rodsley Avenue, Gateshead, Tyne And Wear NE8 4JY2
£61K10/200.14 mi83, Rodsley Avenue, Gateshead, Tyne And Wear NE8 4JY2
£97K06/230.14 mi106, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NX2
£91.5K04/240.16 mi123, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NJ2
£53K11/200.17 mi85, Rodsley Avenue, Gateshead, Tyne And Wear NE8 4LA2
£62K12/200.2 mi221, Rawling Road, Gateshead, Tyne And Wear NE8 4QU2
£112K05/230.2 mi131, Avenue Road, Gateshead, Tyne And Wear NE8 4JH2
£90K10/210.2 mi76, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£69K04/230.2 mi35, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£55K10/230.2 mi23, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£77K11/200.2 mi78, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£95K08/210.22 mi14, Silverdale Terrace, Gateshead, Tyne And Wear NE8 4JL2
£65K12/200.23 mi82, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NG2
£88K07/230.23 mi35, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£83.3K07/230.23 mi17, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NU2
£62.5K05/210.23 mi52, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£55.5K02/210.23 mi30, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£87K12/220.23 mi89, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£94K01/230.24 mi4, Cotterdale Avenue, Gateshead, Tyne And Wear NE8 4JP2
£160K12/220.27 mi10, William Wailes Walk, Gateshead, Tyne And Wear NE9 5EW2
£71.8K11/210.27 mi207, Whitehall Road, Gateshead, Tyne And Wear NE8 4PS2
£177K11/220.29 mi50, Park View Avenue, Gateshead, Tyne And Wear NE9 5EN2
£70K09/210.29 mi238, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£75K08/210.29 mi244, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£58.5K03/240.3 mi157, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£73K04/210.3 mi120, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£70K03/230.3 mi169, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£79K08/210.32 mi38, Maxwell Street, Gateshead, Tyne And Wear NE8 4TX2
£60K03/210.32 mi14, Maxwell Street, Gateshead, Tyne And Wear NE8 4TX2
£60K03/210.32 mi239, Whitehall Road, Gateshead, Tyne And Wear NE8 4PT2

Local Rents

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

RentDateDistanceAddressBeds 
£67506/240.02 miWindsor Avenue, Gateshead2
£72506/240.03 miSaltwell View, Gateshead, Tyne And Wear, NE82
£70006/240.04 miWestbourne Avenue, Gateshead2
£69507/240.07 miWindsor Avenue, Gateshead2
£62510/230.08 mi-2
£75001/250.09 mi-2
£64010/240.09 mi-2
£95006/240.1 miFern Dene Road, Gateshead, NE82
£65007/240.11 miBrighton Road, Gateshead2
£67504/240.11 mi-2
£59007/230.12 mi-2
£69507/240.12 miFern Dene Road, Gateshead, NE82
£75006/240.12 miEastbourne Avenue, Gateshead, NE82
£82002/240.12 mi-2
£65006/240.12 mi-2
£75006/240.12 miBrighton Road, Gateshead, NE82
£75006/240.12 mi-2
£69512/240.12 mi-2
£72507/240.12 miBrinkburn Avenue, Bensham, Gateshead, Tyne And Wear, NE82
£75002/240.13 mi-2
£70006/240.13 miBrinkburn Avenue, Saltwell2
£69506/240.14 miRodsley Avenue, Gateshead, NE82
£65012/240.15 mi-2
£69503/250.15 mi-2
£67506/240.16 mi-2
£89506/240.16 miField House Road, Saltwell, Gateshead, NE82
£80008/240.16 mi-2
£80006/240.16 miWestbourne Avenue, Gateshead, NE82
£80009/240.16 mi-2
£65007/240.16 miRodsley Avenue, Gateshead2
£75004/240.17 mi-2
£1,85006/240.17 mi-2
£1,85006/240.17 mi-2
£1,85006/240.17 mi-2
£1,85012/240.17 mi-2
£1,85012/240.17 mi-2
£1,85012/240.17 mi-2
£1,85012/240.17 mi-2
£1,75003/250.17 mi-2
£67505/240.18 mi-2
£3,50003/250.18 mi-2
£59503/240.19 mi-2
£65007/240.19 miBrinkburn Avenue, Gateshead2
£67502/250.19 mi-2
£59501/240.19 mi-2
£59501/240.19 mi-2
£69506/240.2 miAvenue Road, Gateshead, NE82
£70001/250.21 mi-2
£70006/240.21 mi-2
£65006/240.21 miRectory Road, Bensham, Gateshead, Tyne and Wear, NE8 4RQ2
£62506/230.22 mi-2
£85007/240.22 mi183 Rectory Road, Gateshead, Tyne And Wear, NE82
£65002/240.22 mi-2
£75012/240.22 mi-2

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

0.95 miles away

Nearest school

0.20 miles away

Nearest train station

0.99 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £50,000

March 3, 2025

Floor Plans

Description

  • Two Bedrooms +

  • First Floor Flat +

  • Popular Location +

  • Rear Yard +

  • Council Tax Band A +

  • EPC Rating D +

FOR SALE BY ONLINE AUCTION ENDING 31ST MARCH 2025. THE PROPERTY IS SOLD UNDER UNCONDITIONAL AUCTION TERMS AND CONDITIONS.

IDEALLY SITUATED for access to the nearby Award Winning Saltwell Park is this well presented FIRST FLOOR flat with a SPACIOUS lounge/diner, fitted kitchen, two bedrooms and bathroom. Externally, a yard lies to the rear. The location further offers convenient access to the wide range of amenities and facilities offered in and around Gateshead Town Centre whilst transport routes and services provide commuter links to the surrounding areas. This flat will appeal to first time buyers and investors alike.

Agent Details

Sarah Mains, Auction

0191 487 0011

Next Steps?

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