NGU HOMESALES says ..
Investment Potential | Potential £625 PCM | 11% Yield | Prime Location | Close to Metrocentre | No Chain | External Storage Included | On and Off Street Parking | Communal Yard
Property Oracle says ..
This 2-bedroom flat is located in Meadow Lane, Dunston, Gateshead. The property benefits from being close to several schools, including Kingsmeadow Community Comprehensive School (Good Ofsted rating) and Riverside Primary Academy (Outstanding Ofsted rating), both within a kilometer. Dunston train station is also conveniently located approximately 1km away, providing access to public transport links.
The flat itself appears to be in need of some modernisation. While the kitchen and bathroom have been updated, the overall condition of the property suggests a need for cosmetic improvements. The carpets appear worn, and the walls could benefit from repainting. The small garden area is present but is mainly paved.
Considering the average price per square foot in the area is £234, and this property is listed at £70,000 for 570 sqft, the price seems relatively low compared to the average house price of £275,146 in the area. However, the condition of the property and the small plot size must be taken into account. Nearby comparable properties on Meadow Lane range from £60,500 to £108,000, suggesting the list price is within the range of similar properties in the immediate vicinity. The lack of sqft data for nearby properties makes a precise comparison challenging.
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
- 6
- Condition
- 5
- Location
- 7
- Land
- 3
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft (est)
- 570.00
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
- 151,050.00 £Increased by 9.05 %
- Average area rental value
- 1,270.00 £/moDecreased by 15.05 %
- Est letting value
- 570.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.75 %Decreased by 17.27 %
- Crime Rate
- 20.00 %Unchanged by 0.00 %
Agent Activity
NGU HOMESALES created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Kingsmeadow Community Comprehensive School | Community School | Good | 0.50 KM |
| Dunston Hill Community Primary School | Community School | Good | 0.55 KM |
| Riverside Primary Academy | Academy Converter | Outstanding | 0.77 KM |
| St Philip Neri Catholic Primary School, Dunston | Academy Converter | 1.49 KM | |
| St Johns Primary School | Foundation School | Good | 1.56 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| West Park View | £ 0 | 0 | 0.00 KM |
| Fairfield Close | £ 0 | 0 | 0.00 KM |
| Ash Grove | £ 0 | 0 | 0.00 KM |
| Shrewsbury Street | £ 0 | 0 | 0.00 KM |
| Market Lane | £ 158,333 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Dunston | 7744 | DOT | 1.00 KM |
| Metrocentre | 7725 | MCE | 1.78 KM |
| Newcastle | 7728 | NCL | 4.03 KM |
| Manors | 7603 | MAS | 5.49 KM |
| Blaydon | 7503 | BLO | 7.00 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Meadow Lane, Gateshead | £ 70,000 | BUY | 5 / 10 | 0.00 KM |
| Meadow Lane, Dunston | £ 57,000 | BUY | 6 / 10 | 0.08 KM |
| Dunston Road, Dunston | £ 169,950 | BUY | 6 / 10 | 0.17 KM |
| Beech Drive, Dunston, Gateshead, NE11 | £ 145,000 | BUY | 7 / 10 | 0.33 KM |
| Ash Grove, Dunston, NE11 | £ 160,000 | BUY | 7 / 10 | 0.34 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 75 Meadow Lane | £ 108,000 | 0.01 KM |
| 104 Meadow Lane | £ 98,000 | 0.01 KM |
| 93 Meadow Lane | £ 60,500 | 0.01 KM |
| 97 Meadow Lane | £ 66,500 | 0.01 KM |
| 130 Meadow Lane | £ 66,000 | 0.03 KM |