Park Avenue, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3
By Pat Robson
£ 55,000
Reviews
3 out of 5 stars
Pat Robson says ..
**Two Bedroom Flat**Investment or Vacant Possession** A purpose-built ground floor flat, well located within reach Wansbeck Road Metro Station, and Gosforth amenities. Currently let at £515 per calendar month, the property generates a gross yield of 11.2% (projected open-market rent £...
Property Oracle says ..
This 2-bedroom apartment is situated in Gosforth, Newcastle upon Tyne, an area with a mix of property types and price ranges. The apartment itself appears to be in reasonable condition, though the images suggest it may benefit from some modernisation. The list price of £55,000 is significantly lower than the average price for the area (£302,407), however, this may be reflective of the size and type of property. The lack of square footage data for the apartment makes a precise price-per-square-foot comparison difficult. The surrounding area has good access to transport links and schools, adding to its appeal. The presence of green space visible in the exterior photo is a positive attribute.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 8
- Condition
- 6
- Location
- 7
- Land
- 5
- Bedrooms
- 2
- Bathrooms
- 1
- Lot (est)
- 626.70
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
- 436,250.00 £Increased by 29.63 %
- Average area rental value
- 1,046.00 £/moIncreased by 15.20 %
- Est rental Yield
- 2.88 %Decreased by 11.11 %
- Crime Rate
- 13.00 %Unchanged by 0.00 %
Agent Activity
Pat Robson created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Regent Farm First School | Foundation School | Good | 0.35 KM |
| Grange First School | Foundation School | Good | 0.72 KM |
| St Charles' Catholic Primary School | Academy Converter | 0.93 KM | |
| Great Park Academy | Free Schools | 1.21 KM | |
| Gosforth Academy | Academy Converter | 1.21 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Laurel Avenue | £ 0 | 0 | 0.00 KM |
| Rowan Drive | £ 0 | 0 | 0.00 KM |
| Park Avenue | £ 185,000 | 0 | 0.00 KM |
| Sycamore Square | £ 0 | 0 | 0.00 KM |
| Ashburton Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Newcastle | 7728 | NCL | 5.51 KM |
| Manors | 7603 | MAS | 5.73 KM |
| Metrocentre | 7725 | MCE | 7.13 KM |
| Dunston | 7744 | DOT | 7.26 KM |
| Cramlington | 7579 | CRM | 9.03 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Park Avenue, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 | £ 55,000 | BUY | 6 / 10 | 0.00 KM |
| Park Avenue, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 | £ 70,000 | BUY | 5 / 10 | 0.00 KM |
| Park Avenue, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 | £ 70,000 | BUY | Unknown | 0.00 KM |
| Park Avenue, Gosforth | £ 170,000 | BUY | 7 / 10 | 0.06 KM |
| Park Avenue, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 2LH | £ 195,000 | BUY | Unknown | 0.11 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 4 Hepple Way | £ 175,000 | 0.12 KM |
| 207 Park Avenue | £ 130,500 | 0.12 KM |
| 201 Park Avenue | £ 120,000 | 0.12 KM |
| 90 Park Avenue | £ 170,000 | 0.12 KM |
| 205 Park Avenue | £ 175,000 | 0.12 KM |