Oakfield Terrace, Gateshead
GR

Oakfield Terrace, Gateshead

By Groves Residential

£ 100,000

Reviews

2 out of 5 stars

Groves Residential says ..

My Property Box is delighted to welcome to the market this three bedroom end terrace house on Oakfield Terrace in Pelaw. The property is in need of refurbishment so would be a great opportunity for investors or a home you are looking to make your own. It has good road links to Felling Bypass, Sto...

Property Oracle says ..

This three-bedroom terraced house in Pelaw, Gateshead, presents itself as a potential investment opportunity or a project for a buyer seeking a property to renovate. The location offers convenient access to public transportation, schools, and local amenities. The property is currently listed at £100,000. However, prospective buyers should anticipate substantial renovation costs. The internal photographs reveal the need for a complete interior refurbishment. The kitchen and bathrooms are dated and require modernization. Cosmetic updates such as new flooring, repainting, and updated fixtures throughout the house are essential. While the exterior shows a reasonably well-maintained structure, the absence of information regarding the property’s square footage and plot size prevents a full assessment of its size and overall potential. The price of £100,000, while potentially reasonable in the context of the area and the need for substantial renovation, would require careful consideration of the cost of modernization. Overall, this property is suitable for those comfortable with a substantial renovation project, potentially offering a good return on investment or a customized family home following significant upgrades. The lack of detailed information, such as square footage and plot size, prevents a truly complete analysis.

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
7
Condition
4
Location
6
Land
2
Bedrooms
3
Bathrooms
1

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 £
Average area rental value
1,270.00 £/mo
Decreased by 15.05 %
from 1,495.00 £/mo
Est rental Yield
5.75 %
Decreased by 17.27 %
from 6.95 %
Crime Rate
7.00 %
Unchanged by 0.00 %
from 7.00 %

Agent Activity

  • Groves Residential created the listing.

Nearby Schools

NameTypeOfstedDistance
St Alban'S Catholic Primary School, PelawAcademy Converter0.26 KM
Wardley Primary SchoolCommunity SchoolGood0.67 KM
Heworth Grange SchoolAcademy Sponsor Led0.88 KM
Bill Quay Primary SchoolCommunity SchoolGood1.18 KM
Lingey House Primary SchoolCommunity SchoolOutstanding1.24 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Grasmere Avenue £ 000.00 KM
Birch Avenue £ 250,00000.00 KM
Grange Crescent £ 000.00 KM
Underwood £ 70,00000.00 KM
Shields Road £ 200,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Heworth7766HEW1.09 KM
Manors7603MAS6.86 KM
Newcastle7728NCL8.07 KM

Nearby Listings

AddressPriceTypeScoreDistance
Frazer Terrace, Pelaw, Gateshead, Tyne and Wear, NE10 £ 250,000BUY7 / 100.10 KM
York Street, Pelaw, Gateshead, NE10 £ 130,000BUY6 / 100.12 KM
Frazer Terrace, Pelaw, Gateshead, Tyne and Wear, NE10 0YA £ 180,000BUY6 / 100.14 KM
York Street, Pelaw, Gateshead, Tyne and Wear, NE10 0QL £ 200,000BUY5 / 100.14 KM
York Street, Gateshead £ 59,000BUY5 / 100.17 KM

Nearby Properties

AddressPriceDistance
4 Woodbine Terrace £ 82,5000.05 KM
2 Woodbine Terrace £ 171,5000.06 KM
5 Frazer Terrace £ 105,0000.10 KM
4 Frazer Terrace £ 130,0000.10 KM
1 Frazer Terrace £ 190,0000.10 KM