Overhill Terrace, Gateshead, Tyne And Wear, NE8
BE

Overhill Terrace, Gateshead, Tyne And Wear, NE8

By Belle Vue Estates

£ 80,000

Reviews

2 out of 5 stars

Belle Vue Estates says ..

Excellent opportunity to purchase this property that comes to the sales market with no onward chain. The Upper three bedroom flat has gas central heating, double glazing and shared yard to the rear. Perfect addition to any buy to let portfolio or 1st time purchase. Early viewing is essential.

Property Oracle says ..

This three-bedroom property in Gateshead, Tyne and Wear, presents a mixed bag of attributes. Its location is a key strength, with its proximity to well-regarded primary schools and relatively easy access to transportation links. The nearby Newcastle train station offers convenient connections to other parts of the UK. However, without specific details of the neighbourhood’s overall quality of life and safety, forming a comprehensive assessment of its appeal is challenging.

In terms of condition, the property appears livable, but not without its drawbacks. The images reveal somewhat dated interior decor and fittings, suggesting the need for some modernisation to improve its overall appeal and potential market value. A full inspection would be necessary to properly assess the extent of any necessary repairs or upgrades.

The property’s land or garden space appears to be limited, based on the available photos. This will likely reduce its appeal to potential buyers seeking outdoor space. Again, a precise plot size would greatly aid in accurate evaluation.

The list price of £80,000 falls within the range of comparable properties in the area. While a lack of square footage data makes a precise price per square foot comparison impossible, based on the available market data, the property could be considered competitively priced. A thorough survey to determine the actual condition of the property and any potential repair costs will be critical in confirming its value proposition.

Overall, this property offers a good location and a relatively reasonable price, but prospective buyers should be prepared for some modernisation and potentially repair work. The lack of garden space might also be a factor for some buyers.

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
2
Bedrooms
3
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
12.00 %
Unchanged by 0.00 %
from 12.00 %

Agent Activity

  • Belle Vue Estates created the listing.

Nearby Schools

NameTypeOfstedDistance
Brighton Avenue Primary SchoolCommunity SchoolOutstanding0.30 KM
Bensham Sure Start Children'S CentreChildren's Centre Linked Site0.38 KM
Gateshead Jewish Boarding SchoolOther Independent SchoolRequires improvement0.51 KM
Bensham Grove Nursery SchoolLocal Authority Nursery SchoolOutstanding0.51 KM
Kelvin Grove Community Primary SchoolCommunity SchoolGood0.73 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Airey Terrace £ 000.00 KM
Balfour Street £ 000.00 KM
Chester Place £ 000.00 KM
Fourth Street £ 000.00 KM
Rectory Road £ 81,75000.00 KM

Nearby Transport

NameNLCTLCDistance
Newcastle7728NCL1.62 KM
Manors7603MAS2.22 KM
Dunston7744DOT3.26 KM
Metrocentre7725MCE5.85 KM
Heworth7766HEW6.32 KM

Nearby Listings

AddressPriceTypeScoreDistance
Overhill Terrace, Gateshead, Tyne and Wear, NE8 £ 75,000BUY6 / 100.00 KM
Overhill Terrace, Gateshead, Tyne And Wear, NE8 £ 80,000BUY5 / 100.00 KM
Overhill Terrace, Bensham, Gateshead, Tyne And Wear, NE8 £ 75,000BUY4 / 100.00 KM
Overhill Terrace, Gateshead £ 55,000BUY5 / 100.00 KM
Cotfield Walk, Gateshead £ 60,000BUY6 / 100.10 KM

Nearby Properties

AddressPriceDistance
12 Overhill Terrace £ 64,9500.00 KM
28 Overhill Terrace £ 50,0000.00 KM
18 Overhill Terrace £ 22,0000.00 KM
34 Overhill Terrace £ 57,0000.00 KM
24 Overhill Terrace £ 78,0000.00 KM