Wellington Road, Gateshead
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Wellington Road, Gateshead

By Moovd

£ 60,000

Reviews

2 out of 5 stars

Moovd says ..

Guide Price £60,000+ Moovd are delighted to offer this vacant two-bedroom ground floor flat in Dunston, on the outskirts of Gateshead, For Sale via Option A – Unconditional Online Auction on 6th March 2025. The ground floor briefly comprises: entrance hallway, large lounge with ...

Property Oracle says ..

This two-bedroom terraced house on Wellington Road, Dunston, Gateshead, presents a mixed bag of opportunities and challenges. Its location is a definite plus, offering convenient access to schools, transport, and amenities. The proximity to Dunston train station and the A1 motorway adds to its appeal. However, the property’s condition is a major drawback. The provided images reveal a property in need of extensive refurbishment. The interior requires complete modernisation, from flooring and fixtures to the kitchen and bathroom. While the exterior appears structurally sound, the overall condition is significantly below average. The small garden and yard, also requiring work, add little to the property’s current value.

The list price of £60,000 is relatively low considering the location, but the substantial renovation costs must be factored into any potential purchase. A prospective buyer should carefully weigh the costs of bringing the property up to a desirable standard against the potential return on investment. The property is suitable for a buyer with experience in property renovation or a willingness to undertake significant DIY projects. It’s important to obtain a full structural survey to assess any hidden issues and accurately estimate the renovation costs before making an offer.

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
3
Location
7
Land
4
Bedrooms
2
Bathrooms
1
Sqft (est)
570.49

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
151,179.85 £
Increased by 9.05 %
from 138,629.07 £
Average area rental value
1,270.00 £/mo
Decreased by 15.05 %
from 1,495.00 £/mo
Est letting value
570.49 £/mo
Unchanged by 0.00 %
from 570.49 £/mo
Est rental Yield
5.75 %
Decreased by 17.27 %
from 6.95 %
Crime Rate
7.00 %
Unchanged by 0.00 %
from 7.00 %

Agent Activity

  • Moovd created the listing.

Nearby Schools

NameTypeOfstedDistance
Riverside Primary AcademyAcademy ConverterOutstanding0.21 KM
Kingsmeadow Community Comprehensive SchoolCommunity SchoolGood1.04 KM
Dunston Hill Community Primary SchoolCommunity SchoolGood1.05 KM
St Philip Neri Catholic Primary School, DunstonAcademy Converter1.08 KM
Cruddas Park Early Years CentreLocal Authority Nursery SchoolGood1.14 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
St Omers Road £ 000.00 KM
Ruskin Avenue £ 000.00 KM
Kingsley Place £ 000.00 KM
Fairfield Close £ 000.00 KM
Kingfisher Court £ 126,25000.00 KM

Nearby Transport

NameNLCTLCDistance
Dunston7744DOT0.77 KM
Metrocentre7725MCE2.21 KM
Newcastle7728NCL3.46 KM
Manors7603MAS4.93 KM
Blaydon7503BLO7.46 KM

Nearby Listings

AddressPriceTypeScoreDistance
Wellington Road, Gateshead £ 60,000BUY5 / 100.00 KM
Wellington Road, Dunston, Gateshead, Tyne and Wear, NE11 9HD £ 140,000BUY4 / 100.04 KM
Fowler Gardens, Gateshead, NE11 £ 105,000BUYUnknown0.07 KM
Kelvin Gardens, Gateshead, Tyne And Wear, NE11 £ 110,000BUY6 / 100.07 KM
Kelvin Gardens, Gateshead, Tyne And Wear, NE11 £ 100,000BUY6 / 100.07 KM

Nearby Properties

AddressPriceDistance
114 Wellington Road £ 27,0000.05 KM
56 Wellington Road £ 121,5000.05 KM
60 Wellington Road £ 87,0000.05 KM
122 Wellington Road £ 27,0000.05 KM
136 Wellington Road £ 51,0000.05 KM