Faraday Grove, Gateshead, NE8
SA

Faraday Grove, Gateshead, NE8

By Sarah Mains

£ 50,000

Reviews

2 out of 5 stars

Sarah Mains says ..

FOR SALE BY ONLINE AUCTION . THE PROPERTY IS SOLD UNDER UNCONDITIONAL AUCTION TERMS AND CONDITIONS. SUPER INVESTMENT OPPORTUNITY, this extremely spacious two bedroom (formerly three bedrooms) FIRST FLOOR flat is CONVENIENTLY SITUATED for access to local shopping facilities, ame...

Property Oracle says ..

This two-bedroom first-floor flat in Saltwell, Gateshead, is listed for £50,000. The property is being sold via online auction. The location offers easy access to local amenities, including several well-regarded primary schools within a short distance. Public transport links to Newcastle city centre are within reach. The provided photographs reveal that the property is in need of modernisation. The kitchen and bathroom appear functional but outdated, and the carpeting throughout is worn. The flat features a small paved rear yard. While the overall condition necessitates renovation or updating, the price may be considered competitive given the location and auction format. This makes it a potentially suitable investment opportunity or a cost-effective purchase for those comfortable undertaking renovations. However, potential buyers should carefully consider all associated costs including the auction fees and refurbishment expenses before making an offer. The lack of information regarding the square footage of the property itself makes definitive conclusions on price per square foot and overall value difficult to ascertain.

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
3
Bedrooms
2
Bathrooms
1

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 £
Average area rental value
1,270.00 £/mo
Decreased by 15.05 %
from 1,495.00 £/mo
Est rental Yield
5.75 %
Decreased by 17.27 %
from 6.95 %
Crime Rate
11.00 %
Unchanged by 0.00 %
from 11.00 %

Agent Activity

  • Sarah Mains created the listing.

Nearby Schools

NameTypeOfstedDistance
Kelvin Grove Community Primary SchoolCommunity SchoolGood0.10 KM
Bensham Sure Start Children'S CentreChildren's Centre Linked Site0.56 KM
Brighton Avenue Primary SchoolCommunity SchoolOutstanding0.73 KM
Gateshead Jewish Boarding SchoolOther Independent SchoolRequires improvement0.74 KM
Caedmon Community Primary SchoolCommunity SchoolGood0.77 KM

Images

Fitted Kitchen Lounge Lounge Bathroom Rear Yard Rear Yard External Landing Bedroom One Bedroom Two External Lounge Lounge Bedroom Bathroom Kitchen Bedroom

Nearby Streets

NameAverage PriceAverage SqftDistance
West Park Road £ 000.00 KM
Saltwell Road South £ 299,95000.00 KM
Rectory Road £ 81,75000.00 KM
Balfour Street £ 000.00 KM
Hedley Street £ 125,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Newcastle7728NCL2.45 KM
Manors7603MAS2.86 KM
Dunston7744DOT3.55 KM
Heworth7766HEW6.02 KM
Metrocentre7725MCE6.27 KM

Nearby Listings

AddressPriceTypeScoreDistance
Faraday Grove, Gateshead, NE8 £ 50,000BUY5 / 100.00 KM
Edison Gardens, Gateshead, Tyne & Wear, NE8 £ 150,000BUY7 / 100.09 KM
Brighton Road, Bensham, Gateshead £ 179,950BUYUnknown0.12 KM
Huxley Crescent, Gateshead, NE8 £ 135,000BUY7 / 100.12 KM
Brighton Road, GATESHEAD, Tyne and Wear, NE8 £ 50,000BUY5 / 100.14 KM

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AddressPriceDistance
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38 Edison Gardens £ 90,5000.11 KM
246 Rawling Road £ 117,0000.11 KM