Sunderland Road, Gateshead, Tyne And Wear, NE8
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Sunderland Road, Gateshead, Tyne And Wear, NE8

By National Residential

£ 35,000

Reviews

2 out of 5 stars

National Residential says ..

National Residential is pleased to offer this recently redecorated, cosy 1-bedroom ground-floor flat, ideally located in the heart of Gateshead town. Now presented in good condition, this property is ready for immediate occupation or investment.

Property Oracle says ..

This one-bedroom ground floor flat on Sunderland Road, Gateshead, is listed at £35,000. The property is described as recently redecorated and presented in good condition, suitable for immediate occupation or investment. Images show a simple but functional interior, with light laminate flooring and a relatively modern kitchen. The bathroom is similarly basic. The flat itself is unassuming and small, however, it is suitable for a single person or possibly a couple. Key considerations for potential buyers would include the location, which, while convenient to some amenities, is also relatively close to a school with an inadequate Ofsted rating. Additionally, the lack of outdoor space is a drawback. The nearby transportation links, including train stations, are within a reasonable distance, making commuting options possible. The price of £35,000 is relatively low compared to other properties in the area, potentially due to its smaller size and location. Potential investors should carefully consider the rental market in the local area to determine the investment return. Overall, the property may appeal to first-time buyers or investors seeking a low-cost entry point to the Gateshead market, however, the lack of available land is a major downside. Buyers should consider whether the convenience of location offsets this and the proximity of an inadequate school.

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
6
Location
4
Land
1
Bedrooms
1
Bathrooms
1
Sqft (est)
620.00

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
131,874.00 £
Decreased by 12.47 %
from 150,654.00 £
Est sale value
105,400.00 £
Decreased by 10.53 %
from 117,800.00 £
Average area rental value
1,083.00 £/mo
Increased by 0.65 %
from 1,076.00 £/mo
Est letting value
620.00 £/mo
Unchanged by 0.00 %
from 620.00 £/mo
Est rental Yield
9.85 %
Increased by 14.94 %
from 8.57 %
Crime Rate
11.00 %
Unchanged by 0.00 %
from 11.00 %

Agent Activity

  • National Residential marked this listing as sold.

  • National Residential created the listing.

Nearby Schools

NameTypeOfstedDistance
The Gateshead Cheder Primary SchoolOther Independent SchoolInadequate0.78 KM
Bede Community Primary SchoolCommunity SchoolGood0.89 KM
St Wilfrid'S Roman Catholic Voluntary Aided Primary SchoolVoluntary Aided SchoolGood0.97 KM
Bede Children'S CentreChildren's Centre Linked Site0.97 KM
South Street Community Primary SchoolCommunity SchoolRequires improvement0.98 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Grand Central Way £ 000.00 KM
Cromwell Street £ 430,00000.00 KM
Highfield Road £ 000.00 KM
Kings Close £ 000.00 KM
Elliot Road £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Manors7603MAS2.33 KM
Newcastle7728NCL3.21 KM
Heworth7766HEW3.90 KM
Dunston7744DOT5.75 KM
Metrocentre7725MCE8.30 KM

Nearby Listings

AddressPriceTypeScoreDistance
SUNDERLAND ROAD, GATESHEAD £ 63,000BUY6 / 100.00 KM
Sunderland Road, Gateshead, Tyne And Wear, NE8 £ 35,000BUY4 / 100.00 KM
Sunderland Road, Gateshead, Tyne and Wear £ 45,000BUY5 / 100.02 KM
Kipling Walk, Gateshead, Tyne and Wear, NE8 3NT £ 65,000BUY6 / 100.03 KM
St Vincents Court, Gateshead, NE8 £ 160,000BUY7 / 100.28 KM

Nearby Properties

AddressPriceDistance
161 Sunderland Road £ 69,9500.00 KM
163 Sunderland Road £ 58,0000.00 KM
177 Sunderland Road £ 11,0000.00 KM
185 Sunderland Road £ 30,5000.02 KM
203 Sunderland Road £ 29,1000.02 KM