Gosforth Terrace, Gateshead
NG

Gosforth Terrace, Gateshead

By NGU HOMESALES

£ 75,000

Reviews

2 out of 5 stars

NGU HOMESALES says ..

Investment Potential or Ideal First Time Buyer Flat | 11% Potential Yield | Sold with Vacant Possession | Popular Location | High Rental Demand Area

Property Oracle says ..

This two-bedroom ground floor flat located on Gosforth Terrace in Pelaw, Gateshead, is marketed as an investment opportunity or ideal for a first-time buyer. The property benefits from a relatively convenient location, with nearby schools and transportation options. The flat itself, from the photos, appears to be in a fair but not excellent condition. It’s habitable, but could benefit from some cosmetic improvements and modernizations. The kitchen and bathroom seem functional, if somewhat dated. The flooring is decent, but the overall decor is quite simple. The small outdoor space is a major drawback. The pricing appears relatively competitive when considering similar properties in the same street. While a lack of precise square footage data for comparable properties makes a precise comparison impossible, the listing price appears inline with the average in the surrounding street. Buyers should be aware of the need for some improvements and the absence of a substantial outdoor space. The property would benefit from updates, but it offers an accessible entry point for first-time buyers or investors seeking a rental property in a reasonably well-connected location.

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
5
Location
7
Land
2
Bedrooms
2
Bathrooms
1
Sqft (est)
761.12

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
201,696.80 £
Increased by 9.05 %
from 184,952.16 £
Average area rental value
1,270.00 £/mo
Decreased by 15.05 %
from 1,495.00 £/mo
Est letting value
761.12 £/mo
Unchanged by 0.00 %
from 761.12 £/mo
Est rental Yield
5.75 %
Decreased by 17.27 %
from 6.95 %
Crime Rate
8.00 %
Unchanged by 0.00 %
from 8.00 %

Agent Activity

  • NGU HOMESALES created the listing.

Nearby Schools

NameTypeOfstedDistance
St Alban'S Catholic Primary School, PelawAcademy Converter0.16 KM
Wardley Primary SchoolCommunity SchoolGood0.95 KM
Heworth Grange SchoolAcademy Sponsor Led1.12 KM
Bill Quay Primary SchoolCommunity SchoolGood1.15 KM
West Walker Primary SchoolAcademy ConverterGood1.23 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Grasmere Avenue £ 000.00 KM
Birch Avenue £ 250,00000.00 KM
Yelverton Crescent £ 000.00 KM
Grange Crescent £ 000.00 KM
Dovercourt Road £ 95,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Heworth7766HEW1.14 KM
Manors7603MAS6.68 KM
Newcastle7728NCL7.93 KM

Nearby Listings

AddressPriceTypeScoreDistance
Gosforth Terrace, Gateshead £ 85,000BUY6 / 100.00 KM
Gosforth Terrace, Gateshead, NE10 £ 75,000BUY6 / 100.01 KM
Gosforth Terrace, Pelaw, NE10 £ 70,000BUY5 / 100.01 KM
Duke Street, Gateshead £ 155,000BUY7 / 100.08 KM
Tyne View Gardens, Pelaw, NE10 £ 120,000BUY7 / 100.14 KM

Nearby Properties

AddressPriceDistance
14 Gosforth Terrace £ 84,5000.01 KM
4 Gosforth Terrace £ 91,0000.01 KM
20 Gosforth Terrace £ 75,0000.01 KM
7 Gosforth Terrace £ 63,5000.01 KM
12 Gosforth Terrace £ 79,0000.01 KM