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 The kitchen and bathroom appear functional but outdated, and the carpeting throughout is worn.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
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Metrics Year-on-Year
- Average area value
- 265,000.00 £Increased by 2.60 %
- Average area rental value
- 1,270.00 £/moDecreased by 15.05 %
- Est rental Yield
- 5.75 %Decreased by 17.27 %
- Crime Rate
- 11.00 %Unchanged by 0.00 %
Agent Activity
Sarah Mains created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Kelvin Grove Community Primary School | Community School | Good | 0.10 KM |
| Bensham Sure Start Children'S Centre | Children's Centre Linked Site | 0.56 KM | |
| Brighton Avenue Primary School | Community School | Outstanding | 0.73 KM |
| Gateshead Jewish Boarding School | Other Independent School | Requires improvement | 0.74 KM |
| Caedmon Community Primary School | Community School | Good | 0.77 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| West Park Road | £ 0 | 0 | 0.00 KM |
| Saltwell Road South | £ 299,950 | 0 | 0.00 KM |
| Rectory Road | £ 81,750 | 0 | 0.00 KM |
| Balfour Street | £ 0 | 0 | 0.00 KM |
| Hedley Street | £ 125,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Newcastle | 7728 | NCL | 2.45 KM |
| Manors | 7603 | MAS | 2.86 KM |
| Dunston | 7744 | DOT | 3.55 KM |
| Heworth | 7766 | HEW | 6.02 KM |
| Metrocentre | 7725 | MCE | 6.27 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Faraday Grove, Gateshead, NE8 | £ 50,000 | BUY | 5 / 10 | 0.00 KM |
| Edison Gardens, Gateshead, Tyne & Wear, NE8 | £ 150,000 | BUY | 7 / 10 | 0.09 KM |
| Brighton Road, Bensham, Gateshead | £ 179,950 | BUY | Unknown | 0.12 KM |
| Huxley Crescent, Gateshead, NE8 | £ 135,000 | BUY | 7 / 10 | 0.12 KM |
| Brighton Road, GATESHEAD, Tyne and Wear, NE8 | £ 50,000 | BUY | 5 / 10 | 0.14 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 5 Edison Gardens | £ 95,000 | 0.11 KM |
| 36 Edison Gardens | £ 82,000 | 0.11 KM |
| 34 Edison Gardens | £ 79,000 | 0.11 KM |
| 38 Edison Gardens | £ 90,500 | 0.11 KM |
| 246 Rawling Road | £ 117,000 | 0.11 KM |