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 %
- Est sale value
- 342,292.55 £Increased by 9.05 %
- Average area rental value
- 1,270.00 £/moDecreased by 15.05 %
- Est letting value
- 1,291.67 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.75 %Decreased by 17.27 %
- Crime Rate
- 13.00 %Unchanged by 0.00 %
Agent Activity
Cloud Estates created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| South Street Community Primary School | Community School | Requires improvement | 0.61 KM |
| River Tyne Academy Gateshead | Academy Alternative Provision Sponsor Led | 0.69 KM | |
| Dryden School | Community Special School | Outstanding | 0.81 KM |
| Gibside School | Community Special School | Outstanding | 0.95 KM |
| The Gateshead Cheder Primary School | Other Independent School | Inadequate | 1.08 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Cromwell Street | £ 430,000 | 0 | 0.00 KM |
| Highfield Road | £ 0 | 0 | 0.00 KM |
| Millway Close | £ 65,000 | 0 | 0.00 KM |
| Devon Gardens | £ 310,000 | 0 | 0.00 KM |
| South Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Manors | 7603 | MAS | 2.84 KM |
| Newcastle | 7728 | NCL | 3.37 KM |
| Heworth | 7766 | HEW | 4.14 KM |
| Dunston | 7744 | DOT | 5.41 KM |
| Metrocentre | 7725 | MCE | 8.07 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| HMO, Caris Street, Gateshead | £ 185,000 | BUY | 5 / 10 | 0.00 KM |
| Caris Street, Gateshead, NE8 | £ 70,000 | BUY | Unknown | 0.02 KM |
| Deckham Terrace, Gateshead, NE8 | £ 130,000 | BUY | 5 / 10 | 0.06 KM |
| Old Durham Road, Gateshead | £ 165,000 | BUY | 7 / 10 | 0.14 KM |
| Conway Square, Gateshead | £ 120,000 | BUY | 5 / 10 | 0.15 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 18 Caris Street | £ 56,000 | 0.01 KM |
| 34 Caris Street | £ 60,500 | 0.01 KM |
| 23 Caris Street | £ 61,000 | 0.01 KM |
| 16 Caris Street | £ 67,000 | 0.01 KM |
| 43 Caris Street | £ 99,950 | 0.01 KM |