Stoneyhurst Road, South Gosforth, Newcastle Upon Tyne, NE3
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Stoneyhurst Road, South Gosforth, Newcastle Upon Tyne, NE3

By Bradley Hall Chartered Surveyors & Estate Agents

£ 275,000

Reviews

2 out of 5 stars

Bradley Hall Chartered Surveyors & Estate Agents says ..

An incredible development opportunity in the heart of South Gosforth currently formed by two vacant ground floor retail units with a four bedroom apartment to the first floor. Requiring refurbishment the property offers multiple opportunities for both commercial and/or residentil use....

Property Oracle says ..

This property located on Stoneyhurst Road in South Gosforth, Newcastle upon Tyne, presents a unique opportunity, but also significant challenges. The property is situated in a generally desirable area known for its good schools and transport links. However, the property itself is in need of substantial renovation. The exterior shows clear signs of disrepair, including peeling paint and general wear and tear. The lack of information regarding the internal condition, square footage, number of bedrooms and bathrooms, and plot size makes a comprehensive assessment difficult. The list price of £275,000 requires careful consideration. While South Gosforth properties command high prices, the extensive renovation needed will significantly affect the overall value. Therefore, a thorough survey and detailed cost estimation for renovations are crucial before making any offer. Potential buyers should weigh the costs of renovation against the potential value of the property once renovated, taking into account comparable properties in the area. The absence of key details, such as square footage and internal condition, prevents a definitive conclusion on the property’s overall value and market competitiveness.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
4
Location
7
Land
2
Bedrooms
0
Bathrooms
0

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 £
Decreased by 8.91 %
from 290,937.00 £
Average area rental value
1,053.00 £/mo
Increased by 1.64 %
from 1,036.00 £/mo
Est rental Yield
4.77 %
Increased by 11.71 %
from 4.27 %
Crime Rate
5.00 %
Unchanged by 0.00 %
from 5.00 %

Agent Activity

  • Bradley Hall Chartered Surveyors & Estate Agents marked this listing as sold.

  • Bradley Hall Chartered Surveyors & Estate Agents created the listing.

Nearby Schools

NameTypeOfstedDistance
South Gosforth First SchoolFoundation SchoolGood0.40 KM
Archbishop Runcie Cofe First SchoolVoluntary Aided SchoolGood0.70 KM
St Mary'S Catholic SchoolAcademy Converter1.37 KM
Gosforth Central Middle SchoolFoundation SchoolGood1.47 KM
Hopespring NewcastleOther Independent SchoolGood1.49 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Dene Crescent £ 000.00 KM
Dene Terrace £ 160,00000.00 KM
Percy Terrace £ 550,00000.00 KM
Castles Farm Road £ 000.00 KM
Davidson Cottages £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Manors7603MAS3.50 KM
Newcastle7728NCL4.18 KM
Dunston7744DOT7.23 KM
Heworth7766HEW8.06 KM
Metrocentre7725MCE8.32 KM

Nearby Listings

Nearby Properties

AddressPriceDistance
2 Dene Grove £ 218,0000.08 KM
9 Dene Grove £ 405,0000.08 KM
12 Dene Grove £ 245,0000.09 KM
25 Dene Grove £ 205,0000.09 KM
4 Dene Grove £ 325,0000.09 KM