2 Bed Flat, Single Let, Gateshead, NE9 5UX, £130,000

Wesley Street, Low Fell, Gateshead, Tyne & Wear, NE9 5UX - a month ago

Leasehold
BTL
ROI: 3%
~68 m²
+3 photos

ValuationFair Value

Sold Prices£79K - £180K
Sold Prices/m²£921/m² - £2.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£129,076

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Total Cash In

£40,200

 

 

Cash Out

 

Rent Range

£480 - £2,500

Rent Estimate

£650

Running Costs/mo

£556

Cashflow/mo

£94

Cashflow/yr

£1,125

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £79K to £180K, average is £120K. £921/m² to £2.6K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£120K03/230.01 mi29, Wesley Street, Gateshead, Tyne And Wear NE9 5UX2
£124K04/210.02 mi28, Wesley Street, Gateshead, Tyne And Wear NE9 5YN2
£113K03/230.03 mi37, Robson Street, Gateshead, Tyne And Wear NE9 5UY2
£110K03/210.04 mi12, St Thomas Street, Gateshead, Tyne And Wear NE9 5XA2
£88K03/210.06 mi116, Kells Lane, Gateshead, Tyne And Wear NE9 5HY2
£120K06/210.06 mi187, Kells Lane, Gateshead, Tyne And Wear NE9 5HS2
£118K03/210.06 mi39, Dean Street, Gateshead, Tyne And Wear NE9 5XL2
£127.5K03/210.06 mi33, Dean Street, Gateshead, Tyne And Wear NE9 5XL2
£118.6K05/240.08 mi64, Beacon Street, Gateshead, Tyne And Wear NE9 5XN2
£160K07/230.08 mi66, Beacon Street, Gateshead, Tyne And Wear NE9 5XN2
£125K08/230.08 mi11, Louie Terrace, Gateshead, Tyne And Wear NE9 5XH2
£80K03/210.15 mi623, Durham Road, Gateshead, Tyne And Wear NE9 5HA2
£80K03/210.15 mi623, Durham Road, Gateshead, Tyne And Wear NE9 5HA2
£134.5K12/200.22 mi28, Earls Drive, Gateshead, Tyne And Wear NE9 6AA2
£158K02/230.22 mi18, Earls Drive, Gateshead, Tyne And Wear NE9 6AA2
£148.5K07/230.24 mi8, Worley Avenue, Gateshead, Tyne And Wear NE9 6AL2
£157K07/210.24 mi32, Worley Avenue, Gateshead, Tyne And Wear NE9 6AL2
£170K10/230.24 mi34, Worley Avenue, Gateshead, Tyne And Wear NE9 6AL2
£180K06/210.24 mi2 - 4, Denewell Avenue, Gateshead, Tyne And Wear NE9 5HD2
£128K02/210.26 mi35, Melrose Avenue, Gateshead, Tyne And Wear NE9 5YD2
£147K12/230.26 mi25, Melrose Avenue, Gateshead, Tyne And Wear NE9 5YD2
£105K02/240.39 mi6, Briermede Park, Gateshead, Tyne And Wear NE9 6AF2
£105K02/240.39 mi5, Briermede Park, Gateshead, Tyne And Wear NE9 6AF2
£88.5K01/210.39 mi11, Briermede Park, Gateshead, Tyne And Wear NE9 6AF2
£101K01/230.41 mi9, Florence Avenue, Gateshead, Tyne And Wear NE9 5SQ2
£99K02/210.42 mi1, Southend Road, Gateshead, Tyne And Wear NE9 6XR2
£120K12/220.42 mi25, Southend Road, Gateshead, Tyne And Wear NE9 6XR2
£115K03/210.43 mi29, Kells Lane, Gateshead, Tyne And Wear NE9 5SJ2
£150.1K02/230.43 mi28, Kells Lane, Gateshead, Tyne And Wear NE9 5SJ2
£85K11/220.44 mi8, Carnforth Gardens, Gateshead, Tyne And Wear NE9 6YE2
£91K01/210.44 mi7, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY2
£105K10/200.44 mi25, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY2
£150K06/230.46 mi104, Saltwell Road South, Gateshead, Tyne And Wear NE9 6EY2
£93K08/210.5 mi9, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£79K02/210.5 mi14, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£83K02/230.5 mi19, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£84K10/230.5 mi16, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£98K08/230.5 mi9, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£125K02/210.5 mi32, Beverley Road, Gateshead, Tyne And Wear NE9 5UH2
£129K11/220.5 mi17, Beverley Road, Gateshead, Tyne And Wear NE9 5UH2
£133.6K10/230.52 mi7, Olive Gardens, Gateshead, Tyne And Wear NE9 5UN2
£140K09/230.52 mi22, Olive Gardens, Gateshead, Tyne And Wear NE9 5UN2
£126K04/210.52 mi7, Olive Gardens, Gateshead, Tyne And Wear NE9 5UN2
£142K10/230.52 mi6, Olive Gardens, Gateshead, Tyne And Wear NE9 5UN2
£142K10/230.52 mi4, Olive Gardens, Gateshead, Tyne And Wear NE9 5UN2
£125K04/210.52 mi14, Salkeld Road, Gateshead, Tyne And Wear NE9 5UD2
£82K07/210.55 mi16, Newby Place, Gateshead, Tyne And Wear NE9 6YJ2
£117K10/210.57 mi50, Beverley Road, Gateshead, Tyne And Wear NE9 5UJ2
£125.3K05/210.57 mi56, Beverley Road, Gateshead, Tyne And Wear NE9 5UJ2
£125K12/220.58 mi72, Beverley Road, Gateshead, Tyne And Wear NE9 5UJ2

Local Rents

36 rents from £480/mo to £2.5K/mo, average is £755/mo.

RentDateDistanceAddressBeds 
£77506/240.05 miSt. Thomas Street, Gateshead2
£95006/240.06 miDean Street, Low Fell, Gateshead, NE92
£70007/240.06 mi-2
£70006/240.06 miLow Fell, Gateshead, NE92
£1,55003/230.1 mi-2
£1,75003/230.15 mi-2
£75003/240.17 mi-2
£75003/240.17 mi-2
£75007/240.19 miEarls Drive, Gateshead2
£75002/240.21 mi-2
£79507/240.22 miEarls Drive, Low Fell, NE92
£75006/240.23 miDurham Road, Low Fell, Gateshead, NE92
£85006/240.23 miDurham Road, Low Fell, NE92
£79507/240.23 miPopplewell Gardens, Low Fell2
£85006/240.26 miLanthwaite Road, Gateshead2
£75006/240.29 miJessel Street, Gateshead2
£85006/240.3 miLoweswater Road, Low Fell, Gateshead2
£99507/240.31 miWhinney Park, Low Fell2
£75006/240.33 miDovedale Gardens, Gateshead, NE9 6NT2
£75006/240.33 miDovedale Gardens, Gateshead, NE9 6NT2
£77506/240.4 miGrove Road, Low Fell, NE92
£75006/240.41 miSouthend Road, Sheriff Hill, Gateshead, NE92
£67506/240.42 miSouthend Road, Gateshead2
£75006/240.42 miSouthend Road, Low Fell, Gateshead, Tyne And Wear, NE92
£76006/240.47 miBeverley Crescent, Low Fell2
£65004/230.48 mi-2
£48007/230.5 mi-2
£77506/240.51 miPenrith Gardens, Low Fell2
£79506/240.53 miSalkeld Road, Gateshead2
£1,39003/240.53 mi-2
£1,45003/230.54 mi-2
£60006/240.55 miGrisedale Gardens, Low Fell, Gateshead, NE92
£80002/230.56 mi-2
£75006/240.59 miCrosby Gardens, Lyndhurst, Gateshead, NE92
£75006/240.59 miCrosby Gardens, Lyndhurst, Gateshead, NE92
£2,50003/230.59 mi-2

Local Area Statistics

Population in NE9

37,590

Population in Gateshead

122,353

Town centre distance

0.57 miles away

Nearest school

0.10 miles away

Nearest train station

1.62 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-41%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £130,000

March 4, 2025

Description

  • First-Floor Apartment +
  • Two Bedrooms +
  • Family Bathroom +
  • Large Living / Dining Area +
  • Well-Maintained Kitchen +
  • Close Proximity to Local Amenities +
  • Excellent Transport Links +
  • EPC: E / Council Tax: A +

Dobsons is proud to present this charming, first-floor apartment in the heart of Low Fell. Recently refurbished to a great standard, the property offers a perfect blend of convenience and comfort.

Accessed via the entrance lobby and stairs to first floor, the living accommodation includes a spacious living and dining area, boasting original fireplace features. The adjoining kitchen remains well-proportioned with large windows, flooding the space with light.

The property offers two well-lit bedrooms, the master of which also benefits from two fitted, double wardrobes with a south-facing window to the front aspect. The additional bedroom offers the flexibility of the potential as a study or further reception room. The family bathroom completes the living accomodation, offering a generous and functional three-suite space.

Situated in a prime location with easy access to local amenities, schools, and transport links, this apartment presents ideal for a small family or professionals seeking a both peaceful and convenient living space.

Agent Details

Dobsons Estate Agents, Darras Hall

01661 525157

Next Steps?

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