2 Bed Flat, Single Let, Gateshead, NE10 9RD, £45,000

Coltsfoot Gardens, Windy Nook, NE10 9RD - 6 months ago

Sold STC
Leasehold
BTL
ROI: 20%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£39.1K - £160K
Sold Prices/m²£593/m² - £2.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£661/m²

Value Estimate

£54,450
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£11,250

Stamp Duty & Legal Fees

£3,450

Total Cash In

£14,700

 

 

Cash Out

 

Rent Range

£480 - £775

Rent Estimate

£510

Running Costs/mo

£263

Cashflow/mo

£247

Cashflow/yr

£2,969

ROI

20%

Gross Yield

14%

Local Sold Prices

50 sold prices from £39.1K to £160K, average is £107.5K. £593/m² to £2.6K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£70K08/230.06 mi125, Coltsfoot Gardens, Gateshead, Tyne And Wear NE10 9RF2
£99K04/230.44 mi12, Cooperative Crescent, Gateshead, Tyne And Wear NE10 9SQ2
£85K03/240.45 mi4, Railton Gardens, Gateshead, Tyne And Wear NE9 6RB2
£93K08/210.46 mi9, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£79K02/210.46 mi14, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£83K02/230.46 mi19, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£84K10/230.46 mi16, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£98K08/230.46 mi9, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£69K04/210.51 mi37, St Albans Crescent, Gateshead, Tyne And Wear NE10 9SR2
£91K01/210.52 mi7, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY2
£105K10/200.52 mi25, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY2
£99K02/210.54 mi1, Southend Road, Gateshead, Tyne And Wear NE9 6XR2
£120K12/220.54 mi25, Southend Road, Gateshead, Tyne And Wear NE9 6XR2
£68K01/210.59 mi55, Iona Road, Gateshead, Tyne And Wear NE10 9TA2
£55K04/210.59 mi25, Iona Road, Gateshead, Tyne And Wear NE10 9TA2
£80K07/220.59 mi19, Iona Road, Gateshead, Tyne And Wear NE10 9TA2
£82K07/210.64 mi16, Newby Place, Gateshead, Tyne And Wear NE9 6YJ2
£85K11/220.65 mi8, Carnforth Gardens, Gateshead, Tyne And Wear NE9 6YE2
£65K05/210.67 mi62, Hewitson Terrace, Gateshead, Tyne And Wear NE10 9HQ2
£39.1K01/210.67 mi15, Hewitson Terrace, Gateshead, Tyne And Wear NE10 9HQ2
£101K01/230.73 mi9, Florence Avenue, Gateshead, Tyne And Wear NE9 5SQ2
£115K03/210.75 mi29, Kells Lane, Gateshead, Tyne And Wear NE9 5SJ2
£150.1K02/230.75 mi28, Kells Lane, Gateshead, Tyne And Wear NE9 5SJ2
£129K11/220.76 mi17, Beverley Road, Gateshead, Tyne And Wear NE9 5UH2
£125K02/210.76 mi32, Beverley Road, Gateshead, Tyne And Wear NE9 5UH2
£120K06/210.77 mi26, Moss Side, Wrekenton, Gateshead, Tyne And Wear NE9 7UU2
£120K12/230.77 mi25, Moss Side, Wrekenton, Gateshead, Tyne And Wear NE9 7UU2
£149.3K10/220.77 mi24, Moss Side, Wrekenton, Gateshead, Tyne And Wear NE9 7UU2
£61K08/230.79 mi110, Springwell Road, Wrekenton, Gateshead, Tyne And Wear NE9 7AA2
£117K10/210.8 mi50, Beverley Road, Gateshead, Tyne And Wear NE9 5UJ2
£125.3K05/210.8 mi56, Beverley Road, Gateshead, Tyne And Wear NE9 5UJ2
£55K10/210.81 mi6, Stainton Drive, Gateshead, Tyne And Wear NE10 9QT2
£125K12/220.81 mi72, Beverley Road, Gateshead, Tyne And Wear NE9 5UJ2
£128K02/210.82 mi35, Melrose Avenue, Gateshead, Tyne And Wear NE9 5YD2
£147K12/230.82 mi25, Melrose Avenue, Gateshead, Tyne And Wear NE9 5YD2
£133.6K10/230.82 mi7, Olive Gardens, Gateshead, Tyne And Wear NE9 5UN2
£140K09/230.82 mi22, Olive Gardens, Gateshead, Tyne And Wear NE9 5UN2
£126K04/210.82 mi7, Olive Gardens, Gateshead, Tyne And Wear NE9 5UN2
£142K10/230.82 mi6, Olive Gardens, Gateshead, Tyne And Wear NE9 5UN2
£142K10/230.82 mi4, Olive Gardens, Gateshead, Tyne And Wear NE9 5UN2
£46K06/210.82 mi27, Crosby Gardens, Gateshead, Tyne And Wear NE9 6NJ2
£125K04/210.84 mi14, Salkeld Road, Gateshead, Tyne And Wear NE9 5UD2
£133K10/220.85 mi51, Beverley Road, Gateshead, Tyne And Wear NE9 5UJ2
£125K08/230.88 mi11, Louie Terrace, Gateshead, Tyne And Wear NE9 5XH2
£80K06/220.91 mi10, Woodbine Terrace, High Felling, Gateshead, Tyne And Wear NE10 9JU2
£118.6K05/240.91 mi64, Beacon Street, Gateshead, Tyne And Wear NE9 5XN2
£160K07/230.91 mi66, Beacon Street, Gateshead, Tyne And Wear NE9 5XN2
£125K09/200.92 mi44, Evistones Road, Gateshead, Tyne And Wear NE9 5TY2
£88K03/210.92 mi116, Kells Lane, Gateshead, Tyne And Wear NE9 5HY2
£110K03/210.92 mi12, St Thomas Street, Gateshead, Tyne And Wear NE9 5XA2

Local Rents

24 rents from £480/mo to £775/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£65008/240.01 mi-2
£60005/240.06 miColtsfoot Gardens, Windy Nook, Gateshead, Tyne And Wear, NE102
£72512/230.16 mi-2
£69507/240.2 miStone Street, Gateshead, Tyne And Wear, NE102
£65008/240.34 miWindy Nook Road, Windy Nook2
£65008/240.34 miWindy Nook Road, Gateshead2
£69506/240.42 miOllerton Gardens, Gateshead2
£67502/250.46 mi-2
£48007/230.51 mi-2
£60003/250.52 mi-2
£75006/240.54 miSouthend Road, Low Fell, Gateshead, Tyne And Wear, NE92
£67506/240.54 miSouthend Road, Gateshead2
£75006/240.55 miSouthend Road, Sheriff Hill, Gateshead, NE92
£65004/230.56 mi-2
£68508/230.57 mi-2
£69505/240.59 miNursery Lane, Felling, NE102
£69504/240.59 mi-2
£69504/240.59 mi-2
£69505/240.59 mi-2
£69505/240.59 mi-2
£69502/250.59 mi-2
£65006/240.6 miEsk Street, Gateshead, NE92
£77506/240.61 miPenrith Gardens, Low Fell2
£72504/240.61 mi-2

Local Area Statistics

Population in NE10

35,991

Population in Gateshead

122,353

Town centre distance

0.57 miles away

Nearest school

0.10 miles away

Nearest train station

1.15 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Price changed to £45,000

January 19, 2025

Listed for £50,000

October 1, 2024

Description

  • Two Double Bedrooms +

  • First Floor Flat +

  • Communal Gardens +

  • Council Tax Band A +

  • EPC Rating C +

Offered for sale with NO ONWARD CHAIN and priced to reflect some updating required is this deceptively spacious first floor flat with living space which incudes a lounge, dining kitchen, TWO DOUBLE BEDROOMS and a bathroom. Externally, there is are communal gardens. This apartment will appeal to first time buyers, investors and those simply seeking to down-size. Ideally situated for access to local amenities and facilities as well as for access to transport routes and services.

Agent Details

Sarah Mains Residential Sales and Lettings, Low Fell

0191 625 0805

Next Steps?

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