Cloud Estates says ..
** TENANTED ** HMO INVESTMENT ** OVER FIVE YEARS CONSISTENT RENTAL HISTORY ** ANNUAL RENT OF £39,180 ** OVER 13% GROSS YIELD **Cloud Estates are thrilled to welcome to the sales market this tenanted six bedroom house, which is currently operating as an established HMO on George Street, Pel...
Property Oracle says ..
This is a well-presented, modern HMO property in Pelaw, Gateshead. The property benefits from having 6 bedrooms and 6 bathrooms. The condition of the property appears to be excellent, having been recently renovated to a high standard. While the listing doesn’t mention the plot size, there is no evidence of a garden. The location is reasonably convenient, with schools and transport links nearby. The asking price of £295,000 seems fair given the property’s condition and potential as an HMO.
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
- 7
- Condition
- 9
- Location
- 7
- Land
- 3
- Bedrooms
- 6
- Bathrooms
- 6
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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
- 7.00 %Unchanged by 0.00 %
Agent Activity
Cloud Estates created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St Alban'S Catholic Primary School, Pelaw | Academy Converter | 0.45 KM | |
| Heworth Grange School | Academy Sponsor Led | 0.72 KM | |
| Wardley Primary School | Community School | Good | 1.02 KM |
| The Drive Community Primary School | Community School | Good | 1.11 KM |
| Colegate Community Primary School | Community School | Good | 1.25 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Grasmere Avenue | £ 0 | 0 | 0.00 KM |
| Birch Avenue | £ 250,000 | 0 | 0.00 KM |
| Shields Road | £ 200,000 | 0 | 0.00 KM |
| Grange Crescent | £ 0 | 0 | 0.00 KM |
| Saint Cuthbert's Drive | £ 138,333 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Heworth | 7766 | HEW | 0.76 KM |
| Manors | 7603 | MAS | 6.50 KM |
| Newcastle | 7728 | NCL | 7.71 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| HMO HOUSE, PELAW, GATESHEAD | £ 295,000 | BUY | 6 / 10 | 0.00 KM |
| George Street, Pelaw, Gateshead | £ 89,950 | BUY | 6 / 10 | 0.05 KM |
| Ashfield Terrace, Pelaw, NE10 | £ 90,000 | BUY | 5 / 10 | 0.07 KM |
| Portland Street, Pelaw, Gateshead, Tyne and Wear, NE10 0XX | £ 65,000 | BUY | 5 / 10 | 0.11 KM |
| Portland Street, Pelaw, Gateshead | £ 99,950 | BUY | 6 / 10 | 0.12 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 15 George Street | £ 78,000 | 0.04 KM |
| 25 George Street | £ 78,000 | 0.04 KM |
| 10 George Street | £ 90,000 | 0.04 KM |
| 34 George Street | £ 77,000 | 0.04 KM |
| 7 George Street | £ 73,750 | 0.04 KM |