South Parade, Gateshead, Tyne and Wear, NE10 0RX
PA

South Parade, Gateshead, Tyne and Wear, NE10 0RX

By Pattinson Estate Agents

£ 75,000

Reviews

2 out of 5 stars

Pattinson Estate Agents says ..

SPACIOUS LOWER FLAT | TWO DOUBLE BEDROOMS | POPULAR LOCATION | CLOSE TO AMENITIES & PUBLIC TRANSPORT Pattinson Estate Agents welcome to the market this Two Bedroom Lower Flat located on South Parade, Bill Quay, Gateshead. Ideally located for a range of schools, the property is also lo...

Property Oracle says ..

This two-bedroom ground floor flat in Gateshead, Tyne and Wear, is situated in a location that provides access to local amenities, schools, and transport links. The proximity to Heworth Metro Station makes commuting easier. Several schools, including some with good Ofsted ratings, are within walking distance, making it potentially suitable for families.

However, the property’s condition needs a thorough review. The interior images show dated décor, worn flooring, and a need for modernisation throughout. The kitchen and bathroom appear functional but are quite old and would benefit from an update. The overall impression is that the property requires significant refurbishment. The exterior seems relatively sound and well-maintained, but minor repairs may be needed. The small, unkempt outdoor area is not considered a substantial garden.

The listed price appears reasonable for the area, accounting for its condition and potential for renovations. It could represent good value for a buyer looking for a project, but the renovation costs would need careful evaluation against the expected increase in property value after improvement. A thorough survey and cost estimate for renovations are highly recommended before making any offer.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
4
Location
7
Land
2
Bedrooms
2
Bathrooms
1
Sqft (est)
617.85

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
265,000.00 £
Increased by 2.60 %
from 258,279.00 £
Est sale value
163,730.25 £
Increased by 9.05 %
from 150,137.55 £
Average area rental value
1,270.00 £/mo
Decreased by 15.05 %
from 1,495.00 £/mo
Est letting value
617.85 £/mo
Unchanged by 0.00 %
from 617.85 £/mo
Est rental Yield
5.75 %
Decreased by 17.27 %
from 6.95 %
Crime Rate
5.00 %
Unchanged by 0.00 %
from 5.00 %

Agent Activity

  • Pattinson Estate Agents created the listing.

Nearby Schools

NameTypeOfstedDistance
Bill Quay Primary SchoolCommunity SchoolGood0.20 KM
Wardley Primary SchoolCommunity SchoolGood0.77 KM
St Alban'S Catholic Primary School, PelawAcademy Converter0.87 KM
West Walker Primary SchoolAcademy ConverterGood1.24 KM
Lingey House Primary SchoolCommunity SchoolOutstanding1.34 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Davidson Road £ 000.00 KM
Woods Green £ 144,97500.00 KM
The Mews £ 000.00 KM
A195 £ 157,50000.00 KM
Standfield Gardens £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Heworth7766HEW2.07 KM
Manors7603MAS7.64 KM
Newcastle7728NCL8.90 KM

Nearby Listings

AddressPriceTypeScoreDistance
Chesterwood Terrace, Pelaw, Gateshead, NE10 £ 215,000BUY6 / 100.08 KM
South Parade, Gateshead, Tyne and Wear, NE10 £ 140,000BUYUnknown0.08 KM
Station Road, Bill Quay, NE10 £ 95,000BUY6 / 100.15 KM
Station Road, Bill Quay, NE10 £ 99,950BUY6 / 100.16 KM
Station Road, Bill Quay £ 90,000BUY6 / 100.18 KM

Nearby Properties

AddressPriceDistance
4 Dene Gardens £ 165,0000.05 KM
2 Dene Gardens £ 168,5000.05 KM
3 Chesterwood Terrace £ 108,0000.06 KM
1 Chesterwood Terrace £ 68,5000.06 KM
10 Chesterwood Terrace £ 130,0000.06 KM