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 %
- Est sale value
- 201,696.80 £Increased by 9.05 %
- Average area rental value
- 1,270.00 £/moDecreased by 15.05 %
- Est letting value
- 761.12 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.75 %Decreased by 17.27 %
- Crime Rate
- 8.00 %Unchanged by 0.00 %
Agent Activity
NGU HOMESALES created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St Alban'S Catholic Primary School, Pelaw | Academy Converter | 0.16 KM | |
| Wardley Primary School | Community School | Good | 0.95 KM |
| Heworth Grange School | Academy Sponsor Led | 1.12 KM | |
| Bill Quay Primary School | Community School | Good | 1.15 KM |
| West Walker Primary School | Academy Converter | Good | 1.23 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Grasmere Avenue | £ 0 | 0 | 0.00 KM |
| Birch Avenue | £ 250,000 | 0 | 0.00 KM |
| Yelverton Crescent | £ 0 | 0 | 0.00 KM |
| Grange Crescent | £ 0 | 0 | 0.00 KM |
| Dovercourt Road | £ 95,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Heworth | 7766 | HEW | 1.14 KM |
| Manors | 7603 | MAS | 6.68 KM |
| Newcastle | 7728 | NCL | 7.93 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Gosforth Terrace, Gateshead | £ 85,000 | BUY | 6 / 10 | 0.00 KM |
| Gosforth Terrace, Gateshead, NE10 | £ 75,000 | BUY | 6 / 10 | 0.01 KM |
| Gosforth Terrace, Pelaw, NE10 | £ 70,000 | BUY | 5 / 10 | 0.01 KM |
| Duke Street, Gateshead | £ 155,000 | BUY | 7 / 10 | 0.08 KM |
| Tyne View Gardens, Pelaw, NE10 | £ 120,000 | BUY | 7 / 10 | 0.14 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 14 Gosforth Terrace | £ 84,500 | 0.01 KM |
| 4 Gosforth Terrace | £ 91,000 | 0.01 KM |
| 20 Gosforth Terrace | £ 75,000 | 0.01 KM |
| 7 Gosforth Terrace | £ 63,500 | 0.01 KM |
| 12 Gosforth Terrace | £ 79,000 | 0.01 KM |