Durham Road, Gateshead, NE8
By Bowes Mitchell
£ 230,000
Reviews
1 out of 5 stars
Bowes Mitchell says ..
CALLING ALL INVESTORS - Upper and lower flat available as a tenanted investment in Gateshead.
Property Oracle says ..
This property is a five-bedroom, two-bathroom flat located in Gateshead, Tyne and Wear. The location benefits from being within a reasonable distance of several schools, including Gibside School which has an outstanding Ofsted rating, and several train stations providing links to Newcastle. The property itself is a period property that appears to be in need of some modernisation and updating. The list price of £230,000 is significantly higher than the average price for the area (£149,346), and given the condition and lack of outdoor space, it may be considered overpriced. However, the number of bedrooms is a significant advantage and could justify a higher price point for those seeking a property of this size.
Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 3
- Condition
- 4
- Location
- 7
- Land
- 1
- Bedrooms
- 5
- Bathrooms
- 2
- Sqft (est)
- 650.00
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 %
- Est sale value
- 172,250.00 £Increased by 9.05 %
- Average area rental value
- 1,270.00 £/moDecreased by 15.05 %
- Est letting value
- 650.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.75 %Decreased by 17.27 %
- Crime Rate
- 6.00 %Unchanged by 0.00 %
Agent Activity
Bowes Mitchell created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| South Street Community Primary School | Community School | Requires improvement | 0.20 KM |
| Shoshanim | Other Independent School | 0.29 KM | |
| Keser Torah Boys' School | Other Independent School | Good | 0.48 KM |
| Gibside School | Community Special School | Outstanding | 0.53 KM |
| Keser Girls School | Other Independent School | Requires improvement | 0.54 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Cramer Street | £ 0 | 0 | 0.00 KM |
| South Street | £ 0 | 0 | 0.00 KM |
| Gladstone Terrace | £ 0 | 0 | 0.00 KM |
| Shipcote Terrace | £ 0 | 0 | 0.00 KM |
| Alexandra Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Manors | 7603 | MAS | 2.19 KM |
| Newcastle | 7728 | NCL | 2.56 KM |
| Dunston | 7744 | DOT | 4.74 KM |
| Heworth | 7766 | HEW | 4.83 KM |
| Metrocentre | 7725 | MCE | 7.35 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Durham Road, Gateshead, NE8 | £ 230,000 | BUY | 3 / 10 | 0.00 KM |
| Durham Road, Gateshead, NE8 | £ 230,000 | BUY | 5 / 10 | 0.00 KM |
| Durham Road, Gateshead | £ 240,000 | BUY | 5 / 10 | 0.06 KM |
| Durham Road, Gateshead | £ 210,000 | BUY | 5 / 10 | 0.07 KM |
| Durham Road, Gateshead, NE8 | £ 110,000 | BUY | Unknown | 0.07 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 77 Durham Road | £ 165,000 | 0.01 KM |
| 63 Durham Road | £ 235,000 | 0.01 KM |
| 67 Durham Road | £ 230,000 | 0.01 KM |
| 61 Durham Road | £ 884,142 | 0.01 KM |
| 72 Durham Road | £ 162,500 | 0.07 KM |