Baltic Quay, Mill Road, Gateshead, NE8
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Baltic Quay, Mill Road, Gateshead, NE8

By Living Spaces

£ 100,000

Reviews

2 out of 5 stars

Living Spaces says ..

** STUDIO APARTMENT IN BALTIC QUAYS DEVELOPMENT WITH UNDERCOVER PARKING ** With an approximate current rental value of £825-£850 pcm this property offers an ideal investment or first time buy opportunity. Situated on the banks of the River Tyne overlooking Newcastle's bustling City co...

Property Oracle says ..

This studio apartment in Baltic Quay, Gateshead, presents a potentially attractive option for first-time buyers or investors seeking a city-centre location. The property boasts a convenient location near the River Tyne and cultural attractions, as well as relatively easy access to public transport. The interior appears clean and well-maintained, although the decor might benefit from some modernisation. The lack of outdoor space and the studio configuration are key factors to consider. The price point seems reasonable within the context of the local market, especially considering the lower end of the price range of similar properties. However, a comprehensive survey and detailed inspection would be prudent before purchase to assess the property’s condition and potential for future maintenance costs. The absence of specific details regarding parking and building amenities requires further investigation. The nearby presence of educational institutions adds to the area’s appeal, although the varying Ofsted ratings of the schools should be carefully reviewed by potential buyers with children.

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
6
Location
7
Land
1
Bedrooms
0
Bathrooms
1
Sqft (est)
700.00

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
131,874.00 £
Decreased by 12.47 %
from 150,654.00 £
Est sale value
119,000.00 £
Decreased by 10.53 %
from 133,000.00 £
Average area rental value
1,083.00 £/mo
Increased by 0.65 %
from 1,076.00 £/mo
Est letting value
700.00 £/mo
Unchanged by 0.00 %
from 700.00 £/mo
Est rental Yield
9.85 %
Increased by 14.94 %
from 8.57 %
Crime Rate
3.00 %
Unchanged by 0.00 %
from 3.00 %

Agent Activity

  • Living Spaces created the listing.

Nearby Schools

NameTypeOfstedDistance
Gateshead CollegeFurther EducationRequires improvement0.21 KM
Christ Church Cofe Primary SchoolVoluntary Aided SchoolGood0.97 KM
The Gateshead Cheder Primary SchoolOther Independent SchoolInadequate1.06 KM
OuseburnChildren's Centre Linked Site1.36 KM
St Joseph'S Catholic Primary School, GatesheadAcademy Converter1.36 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Coulthards Lane £ 000.00 KM
Causey Bank £ 185,00000.00 KM
Gateshead Highway £ 000.00 KM
A186 £ 000.00 KM
Back New Bridge Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Manors7603MAS0.95 KM
Newcastle7728NCL2.20 KM
Heworth7766HEW4.96 KM
Dunston7744DOT5.34 KM
Metrocentre7725MCE7.62 KM

Nearby Listings

AddressPriceTypeScoreDistance
93 Baltic Quay, Mill Road, Gateshead, Tyne and Wear NE8 3QX £ 65,000BUY6 / 100.00 KM
Baltic Quay, Mill Road, Gateshead, NE8 £ 100,000BUY5 / 100.00 KM
Baltic Quay, Mill Road, Gateshead, Tyne and Wear, NE8 £ 185,000BUYUnknown0.01 KM
Baltic Quays, Mill Road, Gateshead £ 175,000BUYUnknown0.01 KM
Baltic Quay, Mill Road, Gateshead Quays, Gateshead, NE8 3QX £ 155,000BUY6 / 100.03 KM

Nearby Properties

AddressPriceDistance
63 City Road £ 119,5000.48 KM
55a City Road £ 85,0000.48 KM
24a Howard Street £ 120,0000.51 KM
12a Howard Street £ 110,0000.51 KM
20 Howard Street £ 92,0000.51 KM