Durham Road, Gateshead, NE8
BO

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 %
from 258,279.00 £
Est sale value
172,250.00 £
Increased by 9.05 %
from 157,950.00 £
Average area rental value
1,270.00 £/mo
Decreased by 15.05 %
from 1,495.00 £/mo
Est letting value
650.00 £/mo
Unchanged by 0.00 %
from 650.00 £/mo
Est rental Yield
5.75 %
Decreased by 17.27 %
from 6.95 %
Crime Rate
6.00 %
Unchanged by 0.00 %
from 6.00 %

Agent Activity

  • Bowes Mitchell created the listing.

Nearby Schools

NameTypeOfstedDistance
South Street Community Primary SchoolCommunity SchoolRequires improvement0.20 KM
ShoshanimOther Independent School0.29 KM
Keser Torah Boys' SchoolOther Independent SchoolGood0.48 KM
Gibside SchoolCommunity Special SchoolOutstanding0.53 KM
Keser Girls SchoolOther Independent SchoolRequires improvement0.54 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Cramer Street £ 000.00 KM
South Street £ 000.00 KM
Gladstone Terrace £ 000.00 KM
Shipcote Terrace £ 000.00 KM
Alexandra Road £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Manors7603MAS2.19 KM
Newcastle7728NCL2.56 KM
Dunston7744DOT4.74 KM
Heworth7766HEW4.83 KM
Metrocentre7725MCE7.35 KM

Nearby Listings

AddressPriceTypeScoreDistance
Durham Road, Gateshead, NE8 £ 230,000BUY3 / 100.00 KM
Durham Road, Gateshead, NE8 £ 230,000BUY5 / 100.00 KM
Durham Road, Gateshead £ 240,000BUY5 / 100.06 KM
Durham Road, Gateshead £ 210,000BUY5 / 100.07 KM
Durham Road, Gateshead, NE8 £ 110,000BUYUnknown0.07 KM

Nearby Properties

AddressPriceDistance
77 Durham Road £ 165,0000.01 KM
63 Durham Road £ 235,0000.01 KM
67 Durham Road £ 230,0000.01 KM
61 Durham Road £ 884,1420.01 KM
72 Durham Road £ 162,5000.07 KM