HMO, Caris Street, Gateshead
CL

HMO, Caris Street, Gateshead

By Cloud Estates

£ 185,000

Reviews

2 out of 5 stars

Cloud Estates says ..

** FULLY REFURBISHED ** TENANTED ** HMO INVESTMENT ** OVER FIVE YEARS CONSISTENT RENTAL HISTORY ** ANNUAL RENT OF £24,588 ** Cloud Estates are thrilled to welcome to the sales market this tenanted four bedroom terraced house, which is currently operating as an established HMO on Caris St...

Property Oracle says ..

This property is a four-bedroom, four-bathroom HMO located in Deckham, Gateshead. The listing highlights its recent refurbishment, resulting in a modern and well-presented interior. All the bedrooms are presented to a high standard with modern furnishing. The kitchen and bathrooms are contemporary and functional. The property’s key selling point is its status as a tenanted HMO with a proven five-year rental history generating an annual income of £24,588. This makes it an attractive investment opportunity for buyers interested in generating rental income. The location offers access to local schools and transport links. The absence of a garden is typical for terraced properties in the area. While the provided data limits a precise analysis of the property’s price per square foot compared to similar properties, the listing price appears reasonable in the context of its features and rental performance. Buyers should conduct their due diligence to fully assess the investment potential and local rental market. The fact this property is a HMO will likely restrict the pool of potential buyers to those either investor orientated or those looking for a multi-family dwelling.

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
7
Condition
8
Location
6
Land
1
Bedrooms
4
Bathrooms
4
Sqft (est)
1,291.67

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
342,292.55 £
Increased by 9.05 %
from 313,875.81 £
Average area rental value
1,270.00 £/mo
Decreased by 15.05 %
from 1,495.00 £/mo
Est letting value
1,291.67 £/mo
Unchanged by 0.00 %
from 1,291.67 £/mo
Est rental Yield
5.75 %
Decreased by 17.27 %
from 6.95 %
Crime Rate
13.00 %
Unchanged by 0.00 %
from 13.00 %

Agent Activity

  • Cloud Estates created the listing.

Nearby Schools

NameTypeOfstedDistance
South Street Community Primary SchoolCommunity SchoolRequires improvement0.61 KM
River Tyne Academy GatesheadAcademy Alternative Provision Sponsor Led0.69 KM
Dryden SchoolCommunity Special SchoolOutstanding0.81 KM
Gibside SchoolCommunity Special SchoolOutstanding0.95 KM
The Gateshead Cheder Primary SchoolOther Independent SchoolInadequate1.08 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Cromwell Street £ 430,00000.00 KM
Highfield Road £ 000.00 KM
Millway Close £ 65,00000.00 KM
Devon Gardens £ 310,00000.00 KM
South Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Manors7603MAS2.84 KM
Newcastle7728NCL3.37 KM
Heworth7766HEW4.14 KM
Dunston7744DOT5.41 KM
Metrocentre7725MCE8.07 KM

Nearby Listings

AddressPriceTypeScoreDistance
HMO, Caris Street, Gateshead £ 185,000BUY5 / 100.00 KM
Caris Street, Gateshead, NE8 £ 70,000BUYUnknown0.02 KM
Deckham Terrace, Gateshead, NE8 £ 130,000BUY5 / 100.06 KM
Old Durham Road, Gateshead £ 165,000BUY7 / 100.14 KM
Conway Square, Gateshead £ 120,000BUY5 / 100.15 KM

Nearby Properties

AddressPriceDistance
18 Caris Street £ 56,0000.01 KM
34 Caris Street £ 60,5000.01 KM
23 Caris Street £ 61,0000.01 KM
16 Caris Street £ 67,0000.01 KM
43 Caris Street £ 99,9500.01 KM