Saltwell Road, Gateshead, Tyne and Wear, NE8
By SOLD.CO.UK
£ 80,000
Reviews
2 out of 5 stars
SOLD.CO.UK says ..
*** TENANTS IN SITU - INVESTORS ONLY *** This two-bedroom ground floor maisonette on Saltwell Road, Gateshead presents an excellent investment opportunity with tenants already in place generating £450 per month rental income. Currently achieving a 6.75% yield, this property offer...
Property Oracle says ..
This property is a 2 bedroom terraced house located on Saltwell Road in Gateshead. The property is currently listed for £80,000 and has a total area of 683.51 sqft. The average price for properties in the area is £149,346, with an average price per sqft of £185. The property benefits from being close to several primary schools, including Kelvin Grove Community Primary School (rated Good by Ofsted) and Brighton Avenue Primary School (rated Outstanding). Transport links are also convenient, with several train stations within a reasonable distance. However, the property appears to be in need of some modernisation and the small rear yard is cluttered and requires attention. Given the condition, the list price appears to be below average for the area, although more information on the property’s condition and the size of comparable properties would be needed to make a definitive assessment.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 4
- Location
- 7
- Land
- 2
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft (est)
- 683.51
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 %
- Est sale value
- 181,130.15 £Increased by 9.05 %
- Average area rental value
- 1,270.00 £/moDecreased by 15.05 %
- Est letting value
- 683.51 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.75 %Decreased by 17.27 %
- Crime Rate
- 10.00 %Unchanged by 0.00 %
Agent Activity
SOLD.CO.UK created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Bensham Sure Start Children'S Centre | Children's Centre Linked Site | 0.36 KM | |
| Kelvin Grove Community Primary School | Community School | Good | 0.40 KM |
| Brighton Avenue Primary School | Community School | Outstanding | 0.50 KM |
| Bensham Grove Nursery School | Local Authority Nursery School | Outstanding | 0.61 KM |
| Gateshead Jewish Boarding School | Other Independent School | Requires improvement | 0.91 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Hedley Street | £ 125,000 | 0 | 0.00 KM |
| Balfour Street | £ 0 | 0 | 0.00 KM |
| Rectory Road | £ 81,750 | 0 | 0.00 KM |
| Fourth Street | £ 0 | 0 | 0.00 KM |
| Saltwell Road South | £ 299,950 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Newcastle | 7728 | NCL | 2.31 KM |
| Manors | 7603 | MAS | 2.94 KM |
| Dunston | 7744 | DOT | 3.13 KM |
| Metrocentre | 7725 | MCE | 5.85 KM |
| Heworth | 7766 | HEW | 6.43 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Saltwell Road, Gateshead | £ 140,000 | BUY | Unknown | 0.02 KM |
| Dunsmuir Grove, Gateshead | £ 210,000 | BUY | 7 / 10 | 0.04 KM |
| Saltwell Road, Gateshead, NE8 | £ 50,000 | BUY | 5 / 10 | 0.08 KM |
| Saltwell Road, Gateshead, NE8 | £ 55,000 | BUY | 5 / 10 | 0.08 KM |
| Armstrong Street, Gateshead, NE8 | £ 180,000 | BUY | 7 / 10 | 0.09 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 219 Saltwell Road | £ 82,500 | 0.08 KM |
| 187 Saltwell Road | £ 72,500 | 0.08 KM |
| 221 Saltwell Road | £ 82,500 | 0.09 KM |
| 189 Saltwell Road | £ 40,000 | 0.09 KM |
| 191 Saltwell Road | £ 85,000 | 0.09 KM |