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Eastbourne Avenue, Gateshead

North East

£80,000

Listed on 03/07/2026

Property details

Bedrooms
3
Type
Flat

Description

Located in the sought-after Eastbourne Avenue area of Gateshead, this spacious three-bedroom flat on the first floor presents an opportunity for investors and homebuyers alike to embark on a renovation project. The layout includes an entrance lobby that leads up to a generous landing, a sizeable lounge, a kitchen, and a bathroom, as well as three bedrooms—two positioned at the front and one at the rear. The property also features a private rear yard, ideal for outdoor use. While the flat does require modernisation, it holds considerable potential for those looking to enhance its value. Its location offers convenient access to local amenities such as shops, cafes, and leisure facilities, along with strong transport links to Newcastle city centre and beyond. This property could be an attractive investment or a chance for someone to personalize their new home.

Investment analysis

(NE8 area)
Area Average
£165/sq ft
Avg Rent (weekly)
£213
Avg Yield
8.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (NE8)

Area prices are falling by -4.7% over the last 12 months
3 year growth: +1.2%
5 year growth: +3.7%
Investment Disclaimer: Analysis based on NE8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Eastbourne Avenue, Gateshead
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£302
Based on a loan of £60,000 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

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