The Grainger, Gateshead, NE8
BO

The Grainger, Gateshead, NE8

By Bowes Mitchell

£ 135,000

Reviews

2 out of 5 stars

Bowes Mitchell says ..

Attention landlords! A fantastic tenanted apartment is available with no onward chain – an excellent investment opportunity!

Property Oracle says ..

This two-bedroom apartment in Gateshead’s The Grainger development presents a potentially appealing option for first-time buyers or investors. The property’s key strengths are its location and relative condition. It’s situated near excellent transport links, offering easy access to Newcastle and other areas. Nearby, highly-rated schools further enhance its appeal for families. The apartment benefits from good river views and seems reasonably well maintained with no obvious signs of substantial repair needs. The kitchen and bathroom, however, could potentially benefit from an upgrade. While the current condition is acceptable, a modern update would likely increase the property’s value. A notable downside is the lack of outdoor space, a common feature of apartment living. The property’s price appears reasonable when considering similar properties within The Grainger development and the local area. However, a detailed inspection is recommended to confirm the state of the property and identify any potential issues. Overall, it’s a fair-priced apartment offering a blend of positive location attributes and acceptable condition, but prospective buyers should be aware of the limited outdoor space and the possibility of future modernisation expenses.

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
6
Location
7
Land
1
Bedrooms
2
Bathrooms
1
Sqft (est)
796.21

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
210,995.65 £
Increased by 9.05 %
from 193,479.03 £
Average area rental value
1,270.00 £/mo
Decreased by 15.05 %
from 1,495.00 £/mo
Est letting value
796.21 £/mo
Unchanged by 0.00 %
from 796.21 £/mo
Est rental Yield
5.75 %
Decreased by 17.27 %
from 6.95 %
Crime Rate
2.00 %
Unchanged by 0.00 %
from 2.00 %

Agent Activity

  • Bowes Mitchell created the listing.

Nearby Schools

NameTypeOfstedDistance
Teams Children'S CentreChildren's Centre Linked Site0.52 KM
St Aidan'S Church Of England Primary SchoolVoluntary Aided SchoolOutstanding0.78 KM
Eslington Primary SchoolCommunity Special SchoolOutstanding0.79 KM
NcgFurther EducationRequires improvement0.94 KM
Callerton AcademyFree Schools1.12 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
November Courtyard £ 000.00 KM
Collingwood Courtyard £ 000.00 KM
Bewick Courtyard £ 000.00 KM
Valentine Way £ 000.00 KM
Team Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Newcastle7728NCL1.64 KM
Dunston7744DOT1.80 KM
Manors7603MAS3.04 KM
Metrocentre7725MCE4.18 KM
Heworth7766HEW8.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
The Grainger, Gateshead, NE8 £ 105,000BUY6 / 100.00 KM
The Grainger, NE8 2BG £ 135,000BUY6 / 100.00 KM
North West Side, Gateshead, Tyne and Wear, NE8 £ 110,000BUY5 / 100.00 KM
North West Side, Gateshead, NE8 £ 132,000BUY6 / 100.01 KM
North West Side, Gateshead, NE8 2BG £ 90,000BUY5 / 100.01 KM

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